Ariel Investments LLC lessened its stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 3.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,802,681 shares of the bank's stock after selling 57,109 shares during the quarter. BOK Financial accounts for approximately 2.0% of Ariel Investments LLC's portfolio, making the stock its 21st biggest position. Ariel Investments LLC owned approximately 2.81% of BOK Financial worth $191,895,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in BOKF. Picton Mahoney Asset Management acquired a new position in BOK Financial during the 4th quarter worth approximately $30,000. Venturi Wealth Management LLC boosted its position in shares of BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock worth $42,000 after acquiring an additional 100 shares in the last quarter. US Bancorp DE increased its holdings in shares of BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock valued at $116,000 after acquiring an additional 121 shares during the last quarter. Aster Capital Management DIFC Ltd raised its position in shares of BOK Financial by 538.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock worth $126,000 after acquiring an additional 997 shares in the last quarter. Finally, KBC Group NV lifted its stake in BOK Financial by 32.7% during the fourth quarter. KBC Group NV now owns 1,201 shares of the bank's stock worth $128,000 after purchasing an additional 296 shares during the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.
BOK Financial Price Performance
BOKF stock traded down $1.46 on Tuesday, reaching $93.57. 228,453 shares of the company's stock were exchanged, compared to its average volume of 156,158. The stock has a fifty day moving average of $97.37 and a 200-day moving average of $106.66. The firm has a market cap of $6.01 billion, a PE ratio of 11.51 and a beta of 0.87. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. BOK Financial Co. has a twelve month low of $85.08 and a twelve month high of $121.58.
BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. The company had revenue of $500.37 million for the quarter, compared to analysts' expectations of $520.86 million. As a group, equities analysts predict that BOK Financial Co. will post 8.83 EPS for the current fiscal year.
BOK Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 15th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.28 annualized dividend and a yield of 2.44%. BOK Financial's payout ratio is currently 26.21%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on BOKF shares. Wells Fargo & Company lowered their target price on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. DA Davidson decreased their target price on BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Hovde Group reduced their price objective on BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Barclays reduced their price target 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. Finally, StockNews.com lowered shares of BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $111.60.
Get Our Latest Report on BOK Financial
BOK Financial Company 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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