Northern Trust Corp Has $18.99 Million Position in BOK Financial Corporation $BOKF

Northern Trust Corp lifted its stake in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 25.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 182,347 shares of the bank's stock after buying an additional 36,630 shares during the period. Northern Trust Corp owned about 0.28% of BOK Financial worth $18,991,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake 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 buying an additional 90,948 shares during the period. Millennium Management LLC raised its position in BOK Financial by 29.4% in the fourth 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 in the last quarter. Allspring Global Investments Holdings LLC raised its position in BOK Financial by 8.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 236,832 shares of the bank's stock worth $24,415,000 after purchasing an additional 18,355 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in BOK Financial by 2.5% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 229,336 shares of the bank's stock worth $24,413,000 after purchasing an additional 5,591 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in BOK Financial by 2.8% in the first quarter. Russell Investments Group Ltd. now owns 60,654 shares of the bank's stock worth $6,317,000 after purchasing an additional 1,646 shares in the last quarter. Institutional investors own 34.44% of the company's stock.

BOK Financial Price Performance

NASDAQ BOKF traded down $0.18 during trading hours on Friday, reaching $112.82. 246,834 shares of the company's stock were exchanged, compared to its average volume of 164,049. The stock has a market cap of $7.18 billion, a PE ratio of 13.51 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 firm has a fifty day moving average of $105.20 and a 200-day moving average of $99.81. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The bank reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.21. The business had revenue of $525.50 million for the quarter, compared to analyst estimates 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 in the prior year, the company earned $2.54 EPS. On average, equities research analysts predict that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on BOKF shares. Jefferies Financial Group increased their price target on shares of BOK Financial from $110.00 to $120.00 and gave the stock a "hold" rating in a research report on Wednesday. Citigroup increased their price target on shares of BOK Financial from $97.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Wall Street Zen lowered shares of BOK Financial from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Keefe, Bruyette & Woods increased their price target on shares of BOK Financial from $101.00 to $115.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Finally, Hovde Group increased their price target on shares of BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $113.83.

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.