Dimensional Fund Advisors LP Increases Holdings in BOK Financial Corporation $BOKF

Key Points

• Dimensional Fund Advisors LP increased its stake in BOK Financial Corporation by 3.8% in Q1, holding a total of 2,463,151 shares valued at approximately $256 million.
• BOK Financial reported $2.19 EPS for the latest quarter, exceeding analyst expectations of $1.98, with revenue of $525.5 million, slightly above the consensus estimate.
• The company declared a quarterly dividend of $0.57, with an annualized yield of 2.2%, and a dividend payout ratio of 27.31%.

Dimensional Fund Advisors LP raised its position in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 3.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,463,151 shares of the bank's stock after acquiring an additional 90,948 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.83% of BOK Financial worth $256,531,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. True Wealth Design LLC raised its holdings in shares of BOK Financial by 66.9% during the fourth quarter. True Wealth Design LLC now owns 282 shares of the bank's stock valued at $30,000 after acquiring an additional 113 shares during the last quarter. Nicolet Advisory Services LLC boosted its position in shares of BOK Financial by 6.9% during the first quarter. Nicolet Advisory Services LLC now owns 2,386 shares of the bank's stock worth $249,000 after buying an additional 153 shares during the period. Stifel Financial Corp boosted its position in shares of BOK Financial by 5.9% during the fourth quarter. Stifel Financial Corp now owns 4,643 shares of the bank's stock worth $494,000 after buying an additional 258 shares during the period. Forum Financial Management LP boosted its position in shares of BOK Financial by 14.7% during the fourth quarter. Forum Financial Management LP now owns 2,362 shares of the bank's stock worth $251,000 after buying an additional 302 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of BOK Financial by 6.2% during the first quarter. Parallel Advisors LLC now owns 6,795 shares of the bank's stock worth $708,000 after buying an additional 396 shares during the period. Institutional investors and hedge funds own 34.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BOKF shares. Citigroup raised their price target on BOK Financial from $97.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Hovde Group raised their price target on BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company set a $110.00 price target on BOK Financial and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Keefe, Bruyette & Woods raised their price target on BOK Financial from $101.00 to $115.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen lowered BOK Financial from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $112.58.

BOK Financial Stock Up 4.5%

NASDAQ:BOKF traded up $4.78 during midday trading on Friday, reaching $110.43. The company had a trading volume of 197,127 shares, compared to its average volume of 201,383. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 13.23 and a beta of 0.88. The stock's fifty day simple moving average is $101.68 and its 200-day simple moving average is $99.84. BOK Financial Corporation has a 12-month low of $85.07 and a 12-month high of $121.58. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its earnings results on Monday, July 21st. The bank reported $2.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.21. The firm had revenue of $525.50 million during the quarter, compared to analyst estimates of $521.80 million. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%.During the same period last year, the business posted $2.54 earnings per share. On average, sell-side analysts anticipate that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, August 13th. BOK Financial's payout ratio is 27.31%.

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.