Allspring Global Investments Holdings LLC Buys 32,460 Shares of BOK Financial Corporation $BOKF

Key Points

• Allspring Global Investments Holdings LLC increased its stake in BOK Financial Corporation by 13.7%, acquiring an additional 32,460 shares during the 2nd quarter, bringing its total ownership to 269,292 shares worth $27.3 million.
• BOK Financial Corporation's stock saw a 5.2% decrease recently, with current trading at $104.65, and has a market cap of $6.66 billion and a price-to-earnings ratio of 12.53.
• The company recently declared a $0.57 quarterly dividend, reflecting an annualized yield of 2.2%, with a payout ratio of 27.31% as of the last earnings report.

Allspring Global Investments Holdings LLC grew its stake in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 13.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 269,292 shares of the bank's stock after acquiring an additional 32,460 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.42% of BOK Financial worth $27,314,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Meritage Portfolio Management boosted its holdings in BOK Financial by 6.3% in the second quarter. Meritage Portfolio Management now owns 6,452 shares of the bank's stock worth $630,000 after acquiring an additional 381 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in BOK Financial by 44.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,983 shares of the bank's stock worth $391,000 after acquiring an additional 1,220 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in BOK Financial by 14.2% in the second quarter. KLP Kapitalforvaltning AS now owns 4,827 shares of the bank's stock worth $471,000 after acquiring an additional 600 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of BOK Financial by 22.3% during the second quarter. Public Employees Retirement System of Ohio now owns 9,044 shares of the bank's stock valued at $883,000 after purchasing an additional 1,650 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of BOK Financial by 203.0% during the second quarter. GAMMA Investing LLC now owns 1,494 shares of the bank's stock valued at $146,000 after purchasing an additional 1,001 shares in the last quarter. 34.44% of the stock is owned by institutional investors.

BOK Financial Stock Down 5.2%

BOKF stock opened at $104.65 on Friday. BOK Financial Corporation has a fifty-two week low of $85.07 and a fifty-two week high of $121.58. The business's 50-day moving average is $110.15 and its two-hundred day moving average is $101.30. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 0.78. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 12.53 and a beta of 0.88.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its earnings results on Monday, September 8th. The bank reported $2.02 earnings per share for the quarter. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%.The company had revenue of $298.49 million for the quarter. As a group, analysts forecast that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a $0.57 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $2.28 dividend on an annualized basis and a yield of 2.2%. BOK Financial's dividend payout ratio is presently 27.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. DA Davidson upped their price target on BOK Financial from $114.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price target on BOK Financial from $101.00 to $115.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Barclays raised BOK Financial to a "hold" rating in a report on Wednesday, October 8th. Wells Fargo & Company set a $110.00 price target on BOK Financial and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of BOK Financial in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $115.64.

BOK Financial Company Profile

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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