Ameriprise Financial Inc. lowered its stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,635 shares of the bank's stock after selling 3,797 shares during the quarter. Ameriprise Financial Inc. owned 0.13% of BOK Financial worth $8,584,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Picton Mahoney Asset Management purchased a new position in BOK Financial in the 4th quarter worth $30,000. Venturi Wealth Management LLC raised its position in BOK Financial by 33.8% in the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock worth $42,000 after purchasing an additional 100 shares during the period. US Bancorp DE raised its position in BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after purchasing an additional 121 shares during the period. Aster Capital Management DIFC Ltd raised its position in BOK Financial by 538.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock worth $126,000 after purchasing an additional 997 shares during the period. Finally, KBC Group NV raised its position in BOK Financial by 32.7% in the 4th 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 period. Hedge funds and other institutional investors own 34.44% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Barclays decreased their target price on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company decreased their target price on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Raymond James set a $105.00 target price on shares of BOK Financial in a research report on Tuesday, April 22nd. Hovde Group cut their price target on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, 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. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, BOK Financial currently has a consensus rating of "Hold" and a consensus price target of $111.00.
View Our Latest Analysis on BOKF
BOK Financial Trading Down 0.6%
Shares of BOKF traded down $0.53 during trading hours on Friday, reaching $92.90. 130,250 shares of the company traded hands, compared to its average volume of 160,003. The company's fifty day moving average price is $95.52 and its two-hundred day moving average price is $105.69. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 11.43 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 12 month low of $85.08 and a 12 month high of $121.58.
BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). The company had revenue of $500.37 million for 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 earnings per share for the current fiscal year.
BOK Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial's payout ratio is 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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