BOK Financial Co. (NASDAQ:BOKF) Shares Bought by Bank of America Corp DE

Bank of America Corp DE increased its stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 27.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,314 shares of the bank's stock after buying an additional 12,108 shares during the quarter. Bank of America Corp DE owned approximately 0.09% of BOK Financial worth $5,995,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Prudential Financial Inc. grew its position in BOK Financial by 68.1% in the fourth quarter. Prudential Financial Inc. now owns 8,170 shares of the bank's stock valued at $937,000 after acquiring an additional 3,310 shares during the last quarter. Vanguard Group Inc. lifted its stake in BOK Financial by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank's stock valued at $260,328,000 after buying an additional 11,418 shares during the period. Raymond James Financial Inc. acquired a new position in BOK Financial in the fourth quarter valued at approximately $6,138,000. HighTower Advisors LLC grew its holdings in BOK Financial by 166.9% during the fourth quarter. HighTower Advisors LLC now owns 7,504 shares of the bank's stock worth $799,000 after buying an additional 4,692 shares in the last quarter. Finally, Meritage Portfolio Management bought a new position in BOK Financial in the 4th quarter valued at $444,000. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Price Performance

Shares of NASDAQ:BOKF traded up $0.02 during mid-day trading on Friday, reaching $94.63. The stock had a trading volume of 305,862 shares, compared to its average volume of 161,535. BOK Financial Co. has a 1 year low of $85.08 and a 1 year high of $121.58. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The business's 50 day moving average price is $94.38 and its 200 day moving average price is $104.74. The company has a market cap of $6.08 billion, a P/E ratio of 11.64 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its earnings results on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). The business 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%. Research analysts expect that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.28 annualized dividend and a yield of 2.41%. BOK Financial's dividend payout ratio (DPR) is presently 26.21%.

Analyst Upgrades and Downgrades

BOKF has been the subject of a number of recent analyst reports. DA Davidson reduced their price objective on BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Jefferies Financial Group began coverage on BOK Financial in a research report on Wednesday, May 21st. They set a "hold" rating and a $105.00 price target on the stock. Raymond James set a $105.00 price target on BOK Financial in a research report on Tuesday, April 22nd. Barclays dropped their price target on 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. Finally, Stephens dropped their price target on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $111.00.

BOK Financial 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.