GAMMA Investing LLC Acquires 50,870 Shares of BOK Financial Co. (NASDAQ:BOKF)

GAMMA Investing LLC boosted its stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 10,687.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,346 shares of the bank's stock after purchasing an additional 50,870 shares during the period. GAMMA Investing LLC owned about 0.08% of BOK Financial worth $5,348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in BOK Financial by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank's stock worth $260,328,000 after purchasing an additional 11,418 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BOK Financial by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank's stock worth $252,526,000 after purchasing an additional 98,588 shares during the last quarter. AQR Capital Management LLC grew its holdings in BOK Financial by 80.0% in the 4th quarter. AQR Capital Management LLC now owns 414,548 shares of the bank's stock valued at $44,129,000 after buying an additional 184,261 shares during the last quarter. Geode Capital Management LLC increased its position in BOK Financial by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 410,570 shares of the bank's stock worth $43,718,000 after buying an additional 5,028 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of BOK Financial by 29.4% during the fourth quarter. Millennium Management LLC now owns 252,779 shares of the bank's stock worth $26,908,000 after buying an additional 57,420 shares during the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BOKF has been the subject of several research analyst reports. Raymond James set a $105.00 target price on shares of BOK Financial in a research note on Tuesday, April 22nd. Wall Street Zen lowered BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Barclays lowered their price objective 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. DA Davidson reduced their target price on BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada dropped their price objective on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $111.00.

BOK Financial Price Performance

BOKF traded down $1.16 during midday trading on Friday, hitting $94.90. The company had a trading volume of 16,901 shares, compared to its average volume of 162,295. BOK Financial Co. has a twelve month low of $85.08 and a twelve month high of $121.58. The firm's 50-day simple moving average is $93.56 and its 200-day simple moving average is $103.54. The company has a market capitalization of $6.10 billion, a PE ratio of 11.65 and a beta of 0.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.15). The firm had revenue of $500.37 million for the quarter, compared to the consensus estimate of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. Equities research analysts predict that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Thursday, May 15th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, May 15th. BOK Financial's dividend payout ratio is currently 26.21%.

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.