Deutsche Bank AG Buys 15,970 Shares of BOK Financial Co. (NASDAQ:BOKF)

Deutsche Bank AG boosted its holdings in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 90.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,689 shares of the bank's stock after acquiring an additional 15,970 shares during the quarter. Deutsche Bank AG owned approximately 0.05% of BOK Financial worth $3,586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOKF. Norges Bank bought a new position in BOK Financial during the fourth quarter valued at approximately $23,516,000. Freestone Grove Partners LP bought a new position in BOK Financial during the fourth quarter valued at approximately $21,740,000. AQR Capital Management LLC raised its position in BOK Financial by 80.0% during the fourth quarter. AQR Capital Management LLC now owns 414,548 shares of the bank's stock valued at $44,129,000 after acquiring an additional 184,261 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in BOK Financial by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank's stock valued at $252,526,000 after purchasing an additional 98,588 shares during the last quarter. Finally, FIL Ltd acquired a new position in BOK Financial during the fourth quarter valued at approximately $6,281,000. Institutional investors own 34.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Hovde Group lowered their price target on BOK Financial from $122.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Jefferies Financial Group assumed coverage on BOK Financial in a report on Wednesday. They set a "hold" rating and a $105.00 price target on the stock. Royal Bank of Canada lowered their price target 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. Wells Fargo & Company lowered their price target 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. Finally, Stephens lowered their price target on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $111.00.

BOK Financial Stock Performance

BOKF stock traded down $0.53 on Friday, reaching $92.90. 130,250 shares of the company were exchanged, compared to its average volume of 160,003. BOK Financial Co. has a 12 month low of $85.08 and a 12 month high of $121.58. The stock's fifty day moving average price is $95.52 and its 200 day moving average price is $105.69. The firm has a market capitalization of $5.97 billion, a PE ratio of 11.43 and a beta of 0.87. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79.

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

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 15th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, May 15th. BOK Financial's dividend payout ratio (DPR) is currently 26.21%.

BOK Financial Company 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.