BOK Financial Corporation $BOKF Holdings Raised by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in BOK Financial Corporation by 7.3%, acquiring an additional 3,151 shares, bringing their total holdings to 46,310 shares valued at approximately $4.82 million.
• Recent analyst ratings for BOK Financial have varied, with Keefe, Bruyette & Woods raising the target price to $115 while Wall Street Zen downgraded it to a "sell" rating.
• BOK Financial announced a quarterly dividend of $0.57 per share, which was paid on August 27, representing an annualized yield of 2.0%.

Invesco Ltd. raised its position in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,310 shares of the bank's stock after acquiring an additional 3,151 shares during the quarter. Invesco Ltd. owned 0.07% of BOK Financial worth $4,823,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BOKF. Renaissance Technologies LLC grew its position in shares of BOK Financial by 98.6% during the fourth quarter. Renaissance Technologies LLC now owns 11,077 shares of the bank's stock worth $1,179,000 after buying an additional 5,500 shares in the last quarter. Stifel Financial Corp grew 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 in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of BOK Financial during the fourth quarter worth approximately $1,434,000. Dark Forest Capital Management LP acquired a new stake in shares of BOK Financial during the fourth quarter worth approximately $204,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of BOK Financial by 7.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,008 shares of the bank's stock worth $1,598,000 after buying an additional 1,091 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Stock Performance

BOKF stock traded down $0.32 during mid-day trading on Monday, reaching $111.41. The company had a trading volume of 141,975 shares, compared to its average volume of 187,169. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $7.09 billion, a P/E ratio of 13.34 and a beta of 0.91. BOK Financial Corporation has a one year low of $85.07 and a one year high of $121.58. The stock's 50-day simple moving average is $103.57 and its two-hundred day simple moving average is $99.69.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted 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 company had revenue of $525.50 million for the quarter, compared to analysts' expectations 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. Research analysts anticipate that BOK Financial Corporation will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, August 13th. BOK Financial's dividend payout ratio (DPR) is presently 27.31%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of BOK Financial from $104.00 to $110.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded shares of BOK Financial from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Citigroup lifted their price objective on shares of BOK Financial from $97.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Hovde Group lifted their price objective on shares of BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Finally, Jefferies Financial Group started coverage on shares of BOK Financial in a report on Wednesday, May 21st. They issued a "hold" rating and a $105.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $112.58.

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.