Ariel Investments LLC Has $188.33 Million Holdings in BOK Financial Corporation $BOKF

Key Points

• Ariel Investments LLC increased its stake in BOK Financial Corporation by 0.3%, purchasing an additional 5,614 shares, amounting to about $188.3 million in total holdings.
• Analysts have raised their price targets for BOK Financial, with a consensus target price now set at $112.58 and three analysts rating the stock as a Buy.
• BOK Financial recently declared a quarterly dividend of $0.57 per share, resulting in an annualized dividend of $2.28 and a dividend yield of 2.0%.

Ariel Investments LLC increased its holdings in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,808,295 shares of the bank's stock after acquiring an additional 5,614 shares during the period. BOK Financial comprises approximately 2.2% of Ariel Investments LLC's holdings, making the stock its 17th largest holding. Ariel Investments LLC owned approximately 2.81% of BOK Financial worth $188,334,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Nicolet Advisory Services LLC grew its position in BOK Financial by 6.9% during the 1st quarter. Nicolet Advisory Services LLC now owns 2,386 shares of the bank's stock worth $249,000 after acquiring an additional 153 shares during the last quarter. Stifel Financial Corp grew its position in BOK Financial by 5.9% during the 4th 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 last quarter. Forum Financial Management LP grew its position in BOK Financial by 14.7% during the 4th quarter. Forum Financial Management LP now owns 2,362 shares of the bank's stock worth $251,000 after acquiring an additional 302 shares during the last quarter. Royal Bank of Canada grew its position in BOK Financial by 11.3% during the 1st quarter. Royal Bank of Canada now owns 3,201 shares of the bank's stock worth $333,000 after acquiring an additional 324 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in BOK Financial by 18.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,207 shares of the bank's stock worth $230,000 after acquiring an additional 349 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BOKF shares. Hovde Group increased their price objective on BOK Financial from $110.00 to $123.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada increased their price objective on BOK Financial from $104.00 to $110.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their price objective on BOK Financial from $101.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Wells Fargo & Company set a $110.00 price objective on BOK Financial and gave the company an "equal weight" rating in a research report on Monday, July 28th. Finally, Barclays increased their price objective on BOK Financial from $110.00 to $115.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, BOK Financial presently has an average rating of "Hold" and a consensus target price of $113.83.

BOK Financial Trading Down 0.2%

Shares of BOKF stock traded down $0.18 during trading hours on Friday, reaching $112.82. The company had a trading volume of 246,834 shares, compared to its average volume of 164,049. The company has a 50 day moving average of $105.20 and a 200 day moving average of $99.81. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 13.51 and a beta of 0.91. BOK Financial Corporation has a 1-year low of $85.07 and a 1-year high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The bank reported $2.19 EPS for the quarter, topping the consensus estimate of $1.98 by $0.21. The business had revenue of $525.50 million for the quarter, compared to the consensus estimate of $521.80 million. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%.During the same quarter last year, the business posted $2.54 EPS. On average, equities research analysts anticipate that BOK Financial Corporation will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 13th. BOK Financial's dividend payout ratio (DPR) is presently 27.31%.

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.