Millennium Management LLC Purchases 57,420 Shares of BOK Financial Co. (NASDAQ:BOKF)

Millennium Management LLC raised its position in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 29.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 252,779 shares of the bank's stock after purchasing an additional 57,420 shares during the period. Millennium Management LLC owned 0.39% of BOK Financial worth $26,908,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Merit Financial Group LLC acquired a new position in shares of BOK Financial during the 4th quarter valued at $256,000. SG Americas Securities LLC raised its holdings in shares of BOK Financial by 433.0% during the fourth quarter. SG Americas Securities LLC now owns 9,216 shares of the bank's stock valued at $981,000 after purchasing an additional 7,487 shares during the period. KBC Group NV raised its holdings in shares of BOK Financial by 32.7% during the fourth quarter. KBC Group NV now owns 1,201 shares of the bank's stock valued at $128,000 after purchasing an additional 296 shares during the period. Meritage Portfolio Management acquired a new stake in shares of BOK Financial in the 4th quarter valued at about $444,000. Finally, Entropy Technologies LP acquired a new stake in shares of BOK Financial in the 4th quarter valued at about $671,000. 34.44% of the stock is owned by institutional investors.

BOK Financial Trading Up 0.2%

BOKF opened at $97.76 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. BOK Financial Co. has a 52 week low of $85.08 and a 52 week high of $121.58. The stock has a market cap of $6.28 billion, a PE ratio of 12.02 and a beta of 0.87. The business has a 50 day moving average of $95.92 and a 200-day moving average of $105.91.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data 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 return on equity of 9.86% and a net margin of 15.32%. The business had revenue of $500.37 million during the quarter, compared to analysts' expectations of $520.86 million. Equities research analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, May 15th. BOK Financial's payout ratio is currently 26.21%.

Analyst Ratings Changes

Several analysts recently issued reports on BOKF shares. Raymond James set a $105.00 price target on shares of BOK Financial in a research report on Tuesday, April 22nd. StockNews.com cut shares of BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Wells Fargo & Company lowered their target price on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Royal Bank of Canada dropped their price target on shares of 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. Finally, Barclays decreased their price objective on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $111.60.

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.

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