Bank of New York Mellon Corp Has $18.51 Million Stake in BOK Financial Corporation (NASDAQ:BOKF)

Bank of New York Mellon Corp decreased its position in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,735 shares of the bank's stock after selling 8,166 shares during the period. Bank of New York Mellon Corp owned about 0.28% of BOK Financial worth $18,511,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its holdings in BOK Financial by 66.9% in the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank's stock valued at $30,000 after acquiring an additional 113 shares in the last quarter. Aster Capital Management DIFC Ltd raised its holdings in shares of 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 buying an additional 997 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of BOK Financial by 57.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,360 shares of the bank's stock worth $145,000 after buying an additional 495 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of BOK Financial by 1,046.7% in the 1st quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock worth $143,000 after buying an additional 1,256 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in shares of BOK Financial in the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Stock Down 0.9%

Shares of NASDAQ:BOKF traded down $0.94 during trading on Tuesday, hitting $105.76. 478,898 shares of the company were exchanged, compared to its average volume of 172,341. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 12.67 and a beta of 0.86. BOK Financial Corporation has a fifty-two week low of $85.08 and a fifty-two week high of $121.58. The firm has a fifty day moving average price of $97.36 and a two-hundred day moving average price of $100.72. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The bank reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.21. The firm 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 9.49% and a net margin of 15.80%. During the same quarter in the previous year, the business earned $2.54 earnings per share. As a group, research analysts anticipate that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Thursday, May 15th. BOK Financial's dividend payout ratio (DPR) is presently 26.21%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BOKF shares. Wells Fargo & Company dropped their target price on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Barclays increased 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. DA Davidson decreased their price target on BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Jefferies Financial Group started 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. Finally, Royal Bank Of Canada decreased their price target on BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, BOK Financial presently has a consensus rating of "Hold" and an average target price of $111.58.

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.