Millennium Management LLC Boosts Stake in BOK Financial Co. (NASDAQ:BOKF)

Millennium Management LLC increased its position in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 29.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,779 shares of the bank's stock after purchasing an additional 57,420 shares during the period. Millennium Management LLC owned approximately 0.39% of BOK Financial worth $26,908,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BOKF. Venturi Wealth Management LLC increased its holdings in BOK Financial by 33.8% in the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock worth $42,000 after acquiring an additional 100 shares during the last quarter. CIBC Asset Management Inc lifted its position in BOK Financial by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank's stock worth $217,000 after buying an additional 107 shares during the last quarter. US Bancorp DE lifted its position in BOK Financial by 12.5% in the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank's stock valued at $116,000 after purchasing an additional 121 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in BOK Financial by 7.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,283 shares of the bank's stock valued at $349,000 after purchasing an additional 218 shares during the last quarter. Finally, Stifel Financial Corp increased 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 valued at $494,000 after buying an additional 258 shares during the period. 34.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. DA Davidson cut their target price 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. Wells Fargo & Company decreased their price objective 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. Hovde Group cut their target price on BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen cut BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Finally, Jefferies Financial Group began coverage on BOK Financial in a report on Wednesday. They set a "hold" rating and a $105.00 price target for the company. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $111.00.

BOK Financial Trading Down 0.6%

Shares of BOK Financial stock traded down $0.53 during trading hours on Friday, hitting $92.90. The company's stock had a trading volume of 130,250 shares, compared to its average volume of 160,310. The firm has a fifty day moving average of $95.33 and a 200-day moving average of $105.44. BOK Financial Co. has a twelve month low of $85.08 and a twelve month high of $121.58. 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 stock has a market cap of $5.97 billion, a price-to-earnings ratio of 11.43 and a beta of 0.87.

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 (EPS) 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 firm had revenue of $500.37 million for the quarter, compared to analysts' expectations of $520.86 million. Research analysts forecast that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial's payout ratio is 26.21%.

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.