Allspring Global Investments Holdings LLC grew its stake in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 8.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,832 shares of the bank's stock after purchasing an additional 18,355 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.37% of BOK Financial worth $24,415,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. True Wealth Design LLC lifted its holdings in BOK Financial by 66.9% during the fourth 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 lifted its holdings in BOK Financial by 12.5% during 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 period. O Shaughnessy Asset Management LLC lifted its holdings in BOK Financial by 7.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,283 shares of the bank's stock worth $349,000 after acquiring an additional 218 shares during the period. Stifel Financial Corp lifted its holdings in BOK Financial by 5.9% during the fourth quarter. Stifel Financial Corp now owns 4,643 shares of the bank's stock worth $494,000 after acquiring an additional 258 shares during the period. Finally, Picton Mahoney Asset Management bought a new stake in BOK Financial during the fourth quarter worth $30,000. Institutional investors own 34.44% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently commented on BOKF shares. DA Davidson dropped their price target on BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Raymond James Financial set a $105.00 price target on BOK Financial in a report on Tuesday, April 22nd. Jefferies Financial Group assumed coverage on BOK Financial in a report on Wednesday, May 21st. They set a "hold" rating and a $105.00 price target on the stock. Wall Street Zen lowered BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Royal Bank Of Canada lowered their target price on 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. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $110.08.
Check Out Our Latest Stock Analysis on BOKF
BOK Financial Stock Performance
Shares of NASDAQ BOKF traded up $0.77 during mid-day trading on Friday, hitting $102.96. The company had a trading volume of 338,982 shares, compared to its average volume of 166,650. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 11.83 and a beta of 0.86. BOK Financial Corporation has a 1 year low of $85.08 and a 1 year high of $121.58. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57. The stock's 50-day moving average price is $95.57 and its 200-day moving average price is $101.12.
BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.15). The company had revenue of $500.37 million during the quarter, compared to analysts' expectations of $520.86 million. BOK Financial had a net margin of 16.39% and a return on equity of 9.51%. On average, sell-side analysts forecast that BOK Financial Corporation will post 8.83 earnings per share for the current year.
BOK Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Thursday, May 15th. BOK Financial's dividend payout ratio (DPR) is presently 26.21%.
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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