Bank of New York Mellon Corp lessened its holdings in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,735 shares of the bank's stock after selling 8,166 shares during the period. Bank of New York Mellon Corp owned 0.28% of BOK Financial worth $18,511,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. 111 Capital bought a new stake in shares of BOK Financial during the fourth quarter valued at approximately $206,000. Bank of America Corp DE raised its holdings in shares of BOK Financial by 27.4% during the fourth quarter. Bank of America Corp DE now owns 56,314 shares of the bank's stock valued at $5,995,000 after buying an additional 12,108 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of BOK Financial by 68.1% during the fourth quarter. Prudential Financial Inc. now owns 8,170 shares of the bank's stock valued at $937,000 after buying an additional 3,310 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of BOK Financial by 10,687.0% during the first quarter. GAMMA Investing LLC now owns 51,346 shares of the bank's stock valued at $5,348,000 after buying an additional 50,870 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of BOK Financial by 8.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 236,832 shares of the bank's stock valued at $24,415,000 after buying an additional 18,355 shares during the last quarter. Institutional investors own 34.44% of the company's stock.
BOK Financial Price Performance
Shares of NASDAQ BOKF traded down $0.45 during trading on Tuesday, hitting $106.25. The company had a trading volume of 83,552 shares, compared to its average volume of 171,088. The company has a market cap of $6.83 billion, a P/E ratio of 12.16 and a beta of 0.86. BOK Financial Corporation has a 52 week low of $85.08 and a 52 week high of $121.58. The business's 50-day moving average is $97.36 and its 200 day moving average is $100.72. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.76 and a current ratio of 0.76.
BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The bank reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.21. BOK Financial had a return on equity of 9.51% and a net margin of 16.39%. The company had revenue of $525.50 million for the quarter, compared to analysts' expectations of $521.80 million. During the same quarter in the prior year, the company earned $2.54 earnings per share. Equities research analysts predict that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal year.
BOK Financial Announces Dividend
The company also recently disclosed 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. This represents a $2.28 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, May 15th. BOK Financial's payout ratio is 26.21%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on BOKF. Citigroup lifted their price target on BOK Financial from $97.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Wells Fargo & Company dropped their target price on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Royal Bank Of Canada dropped their target price on BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Barclays boosted their target price on BOK Financial from $110.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Finally, Raymond James Financial set a $105.00 target price on BOK Financial in a report on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $110.50.
Get Our Latest Stock Report on BOKF
BOK Financial Company 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.
Featured Articles
Before you consider BOK Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BOK Financial wasn't on the list.
While BOK Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
