Ethic Inc. bought a new position in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,105 shares of the bank's stock, valued at approximately $331,000.
Several other hedge funds have also modified their holdings of the stock. Norges Bank bought a new stake in BOK Financial during the 4th quarter worth about $23,516,000. Freestone Grove Partners LP acquired a new position in BOK Financial in the fourth quarter valued at approximately $21,740,000. AQR Capital Management LLC lifted its holdings in BOK Financial by 80.0% in the fourth quarter. AQR Capital Management LLC now owns 414,548 shares of the bank's stock valued at $44,129,000 after buying an additional 184,261 shares during the period. Dimensional Fund Advisors LP boosted its stake in BOK Financial by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank's stock valued at $252,526,000 after acquiring an additional 98,588 shares during the last quarter. Finally, FIL Ltd acquired a new stake in BOK Financial during the 4th quarter worth $6,281,000. 34.44% of the stock is owned by institutional investors.
BOK Financial Stock Up 0.3%
BOKF traded up $0.25 on Thursday, hitting $93.79. 22,928 shares of the company were exchanged, compared to its average volume of 159,012. BOK Financial Co. has a 12 month low of $85.08 and a 12 month high of $121.58. The company has a market cap of $6.03 billion, a PE ratio of 11.52 and a beta of 0.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. The stock's fifty day moving average is $95.71 and its 200-day moving average is $105.76.
BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.15). The business had revenue of $500.37 million during the quarter, compared to the consensus estimate of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Equities research analysts predict that BOK Financial Co. will post 8.83 EPS for the current fiscal year.
BOK Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Thursday, May 15th. BOK Financial's dividend payout ratio is 26.21%.
Analyst Ratings Changes
A number of research firms have recently weighed in on BOKF. Wall Street Zen downgraded BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Jefferies Financial Group initiated coverage on BOK Financial in a report on Wednesday. They issued a "hold" rating and a $105.00 price objective for the company. Raymond James set a $105.00 target price on BOK Financial in a report on Tuesday, April 22nd. Royal Bank of Canada reduced their price objective on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Stephens cut their target price on shares of BOK Financial from $124.00 to $110.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, BOK Financial presently has a consensus rating of "Hold" and a consensus target price of $111.00.
Read Our Latest Report on BOK Financial
About BOK Financial
(
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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