BOK Financial Corporation (NASDAQ:BOKF) Position Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 8.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 236,832 shares of the bank's stock after purchasing an additional 18,355 shares during the period. Allspring Global Investments Holdings LLC owned 0.37% of BOK Financial worth $24,415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BOKF. Picton Mahoney Asset Management acquired a new stake in BOK Financial in the 4th quarter worth about $30,000. True Wealth Design LLC lifted its holdings in shares of BOK Financial by 66.9% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank's stock worth $30,000 after acquiring an additional 113 shares during the period. US Bancorp DE boosted its position in shares of BOK Financial by 12.5% in the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after acquiring an additional 121 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings in BOK Financial by 538.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock valued at $126,000 after purchasing an additional 997 shares during the period. Finally, Versant Capital Management Inc increased its position in BOK Financial by 1,046.7% during the first quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock worth $143,000 after purchasing an additional 1,256 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company's stock.

BOK Financial Stock Up 0.8%

Shares of NASDAQ BOKF traded up $0.77 during trading on Friday, reaching $102.96. 338,982 shares of the stock were exchanged, compared to its average volume of 166,996. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 11.83 and a beta of 0.86. The business's 50-day moving average price is $95.35 and its 200 day moving average price is $101.25. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.57. BOK Financial Corporation has a twelve month low of $85.08 and a twelve month high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued 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). The firm had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a return on equity of 9.51% and a net margin of 16.39%. As a group, equities analysts forecast that BOK Financial Corporation will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Thursday, May 15th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, May 15th. BOK Financial's dividend payout ratio (DPR) is 26.21%.

Wall Street Analyst Weigh In

BOKF has been the subject of several research reports. Barclays lowered their price objective on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Raymond James Financial set a $105.00 price objective on BOK Financial in a research note on Tuesday, April 22nd. DA Davidson dropped their target price on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Stephens cut their price target 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. Finally, Hovde Group reduced their price target on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, BOK Financial currently has an average rating of "Hold" and an average price target of $110.08.

About BOK Financial

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.