D. E. Shaw & Co. Inc. decreased its holdings in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 69.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,767 shares of the bank's stock after selling 33,559 shares during the period. D. E. Shaw & Co. Inc.'s holdings in BOK Financial were worth $1,572,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in BOKF. Picton Mahoney Asset Management purchased a new stake in shares of BOK Financial during the 4th quarter worth approximately $30,000. Venturi Wealth Management LLC lifted its stake in BOK Financial by 33.8% in the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock valued at $42,000 after buying an additional 100 shares in the last quarter. US Bancorp DE lifted its stake in BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock valued at $116,000 after buying an additional 121 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its stake in BOK Financial by 538.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock valued at $126,000 after buying an additional 997 shares in the last quarter. Finally, KBC Group NV lifted its stake in BOK Financial by 32.7% in the 4th quarter. KBC Group NV now owns 1,201 shares of the bank's stock valued at $128,000 after buying an additional 296 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on BOKF. Raymond James set a $105.00 target price on BOK Financial in a research note on Tuesday, April 22nd. DA Davidson reduced their price target on BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen lowered BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Royal Bank of Canada reduced their price target on BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company reduced their price target on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $111.00.
Get Our Latest Analysis on BOKF
BOK Financial Trading Up 2.2%
Shares of BOKF traded up $2.06 during trading hours on Tuesday, hitting $94.96. The stock had a trading volume of 150,693 shares, compared to its average volume of 160,271. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. The firm has a market cap of $6.10 billion, a P/E ratio of 11.68 and a beta of 0.87. The company's fifty day simple moving average is $94.96 and its 200 day simple moving average is $105.21. BOK Financial Co. has a 12-month low of $85.08 and a 12-month high of $121.58.
BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.15). BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. The company had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. Equities research analysts forecast that BOK Financial Co. will post 8.83 EPS for the current fiscal year.
BOK Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 15th will be issued a $0.57 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.28 annualized dividend and a yield of 2.40%. BOK Financial's dividend payout ratio is currently 26.21%.
BOK Financial Profile
(
Free Report)
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.
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