AQR Capital Management LLC raised its position in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 80.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 414,548 shares of the bank's stock after acquiring an additional 184,261 shares during the quarter. AQR Capital Management LLC owned 0.65% of BOK Financial worth $44,129,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Prudential Financial Inc. boosted its holdings in BOK Financial by 68.1% in the fourth quarter. Prudential Financial Inc. now owns 8,170 shares of the bank's stock valued at $937,000 after purchasing an additional 3,310 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of BOK Financial by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank's stock worth $260,328,000 after purchasing an additional 11,418 shares during the last quarter. Raymond James Financial Inc. bought a new stake in BOK Financial in the fourth quarter valued at about $6,138,000. HighTower Advisors LLC raised its stake in BOK Financial by 166.9% during the fourth quarter. HighTower Advisors LLC now owns 7,504 shares of the bank's stock valued at $799,000 after buying an additional 4,692 shares in the last quarter. Finally, Meritage Portfolio Management bought a new position in BOK Financial during the 4th quarter worth approximately $444,000. Hedge funds and other institutional investors own 34.44% of the company's stock.
BOK Financial Trading Up 2.1 %
Shares of NASDAQ:BOKF traded up $1.97 during midday trading on Thursday, reaching $95.82. The company had a trading volume of 48,112 shares, compared to its average volume of 156,136. The company has a fifty day simple moving average of $96.79 and a two-hundred day simple moving average of $106.48. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 11.80 and a beta of 0.87. BOK Financial Co. has a 1-year low of $85.08 and a 1-year high of $121.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75.
BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.15). BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. The firm had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. Research analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current year.
BOK Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial's dividend payout ratio (DPR) is currently 26.21%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Raymond James set a $105.00 price target on BOK Financial in a research report on Tuesday, April 22nd. Stephens decreased their target price on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Hovde Group dropped their price target on BOK Financial from $122.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. DA Davidson cut their target price on BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Barclays decreased their target price on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $111.60.
View Our Latest Stock Analysis on BOKF
BOK Financial Profile
(
Free Report)
BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.
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