Edgestream Partners L.P. Raises Stock Holdings in BOK Financial Corporation (NASDAQ:BOKF)

Edgestream Partners L.P. boosted its position in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 229.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

Other large investors have also made changes to their positions in the company. True Wealth Design LLC increased its position 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 worth $30,000 after acquiring an additional 113 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of BOK Financial by 7.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,283 shares of the bank's stock worth $349,000 after buying an additional 218 shares during the period. Stifel Financial Corp boosted its stake 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. Picton Mahoney Asset Management acquired a new stake in BOK Financial in the fourth quarter valued at about $30,000. Finally, Forum Financial Management LP lifted its position in BOK Financial by 14.7% in the fourth quarter. Forum Financial Management LP now owns 2,362 shares of the bank's stock valued at $251,000 after purchasing an additional 302 shares during the period. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Stephens cut their price objective on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Barclays boosted their price objective on shares of BOK Financial from $110.00 to $115.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Citigroup lifted their target price on shares of BOK Financial from $97.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Hovde Group cut their price objective on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, DA Davidson cut their target price on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $110.50.

BOK Financial Trading Up 2.5%

BOK Financial stock traded up $2.56 during midday trading on Thursday, hitting $103.70. 69,680 shares of the stock were exchanged, compared to its average volume of 168,965. The company has a fifty day simple moving average of $96.99 and a two-hundred day simple moving average of $100.83. BOK Financial Corporation has a 52 week low of $85.08 and a 52 week high of $121.58. The stock has a market capitalization of $6.66 billion, a PE ratio of 11.91 and a beta of 0.86. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings results 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 company had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a net margin of 16.39% and a return on equity of 9.51%. Equities research analysts anticipate that BOK Financial Corporation will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Thursday, May 15th were paid a $0.57 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.20%. BOK Financial's dividend payout ratio (DPR) is presently 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.