Jacobs Levy Equity Management Inc. Has $23.24 Million Stock Holdings in BOK Financial Corporation $BOKF

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in BOK Financial Corporation by 2.7%, selling 6,175 shares and leaving it with 223,161 shares valued at approximately $23.24 million.
• Analysts have mixed views on BOK Financial's stock, with price targets ranging from $97.00 to $115.00, and an overall average rating of "Hold."
• BOK Financial recently announced a quarterly dividend of $0.57 per share, resulting in an annualized yield of 2.0% with a payout ratio of 27.31%.

Jacobs Levy Equity Management Inc. reduced its holdings in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 223,161 shares of the bank's stock after selling 6,175 shares during the period. Jacobs Levy Equity Management Inc. owned 0.35% of BOK Financial worth $23,242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of BOK Financial by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank's stock valued at $256,531,000 after acquiring an additional 90,948 shares during the last quarter. Ariel Investments LLC increased its position in shares of BOK Financial by 0.3% during the 1st quarter. Ariel Investments LLC now owns 1,808,295 shares of the bank's stock worth $188,334,000 after purchasing an additional 5,614 shares during the last quarter. AQR Capital Management LLC increased its position in shares of BOK Financial by 39.8% during the 1st quarter. AQR Capital Management LLC now owns 579,732 shares of the bank's stock worth $59,446,000 after purchasing an additional 165,184 shares during the last quarter. Millennium Management LLC increased its position in shares of BOK Financial by 29.4% during the 4th quarter. Millennium Management LLC now owns 252,779 shares of the bank's stock worth $26,908,000 after purchasing an additional 57,420 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in BOK Financial by 8.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 236,832 shares of the bank's stock worth $24,415,000 after buying an additional 18,355 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on BOKF shares. Wells Fargo & Company set a $110.00 price objective on shares of BOK Financial and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Hovde Group boosted their price objective on shares of BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Barclays boosted their price target on BOK Financial from $110.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada boosted their price target on BOK Financial from $104.00 to $110.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, DA Davidson boosted their target price on BOK Financial from $114.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $113.83.

BOK Financial Stock Performance

NASDAQ BOKF traded down $0.18 on Friday, reaching $111.06. The stock had a trading volume of 59,130 shares, compared to its average volume of 193,248. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77. The firm has a fifty day moving average of $106.01 and a two-hundred day moving average of $99.95. BOK Financial Corporation has a 1-year low of $85.07 and a 1-year high of $121.58. The company has a market cap of $7.06 billion, a P/E ratio of 13.31 and a beta of 0.91.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Monday, July 21st. The bank reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.21. The firm had revenue of $525.50 million for the quarter, compared to analyst estimates of $521.80 million. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. During the same quarter in the prior year, the business posted $2.54 EPS. On average, equities 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. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 13th. BOK Financial's dividend payout ratio is 27.31%.

About BOK Financial

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.