BOK Financial Corporation (NASDAQ:BOKF) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. grew its stake in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 229.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,521 shares of the bank's stock after buying an additional 32,380 shares during the period. Edgestream Partners L.P. owned 0.07% of BOK Financial worth $4,845,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Picton Mahoney Asset Management purchased a new stake in shares of BOK Financial in the fourth quarter worth $30,000. True Wealth Design LLC raised its position in shares of BOK Financial by 66.9% in the fourth quarter. True Wealth Design LLC now owns 282 shares of the bank's stock worth $30,000 after buying an additional 113 shares in the last quarter. Aster Capital Management DIFC Ltd raised its position in shares of BOK Financial by 538.9% in the fourth 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. Versant Capital Management Inc raised its position in shares of BOK Financial by 1,046.7% in the first 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, Sterling Capital Management LLC raised its position in shares of BOK Financial by 57.2% in the fourth 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. 34.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BOKF shares. Raymond James Financial set a $105.00 price target on BOK Financial in a research report on Tuesday, April 22nd. 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 research report on Wednesday, April 23rd. 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 research report on Wednesday, April 23rd. Barclays raised their price target on BOK Financial from $110.00 to $115.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Finally, DA Davidson decreased their price objective on BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $110.50.

BOK Financial Stock Up 1.5%

BOKF stock traded up $1.55 during midday trading on Friday, hitting $105.43. The company's stock had a trading volume of 351,202 shares, compared to its average volume of 170,214. The company has a market cap of $6.77 billion, a PE ratio of 12.12 and a beta of 0.86. BOK Financial Corporation has a 12 month low of $85.08 and a 12 month high of $121.58. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57. The firm's 50-day moving average is $97.36 and its 200-day moving average is $100.80.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). BOK Financial had a net margin of 16.39% and a return on equity of 9.51%. The company had revenue of $500.37 million for the quarter, compared to analysts' expectations of $520.86 million. On average, equities research analysts forecast that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Thursday, May 15th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Thursday, May 15th. BOK Financial's dividend payout ratio is currently 26.21%.

BOK Financial 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.