Nuveen LLC Invests $4.61 Million in BOK Financial Corporation $BOKF

Key Points

• Nuveen LLC has acquired a new stake in BOK Financial Corporation, purchasing 44,296 shares valued at approximately $4.6 million, representing about 0.07% of the bank's stock.
• Analysts have set new price targets for BOK Financial with ratings ranging from "buy" to "sell," leading to a consensus target price of $112.58.
• BOK Financial recently reported earnings with $2.19 per share, surpassing expectations, and announced a quarterly dividend of $0.57 per share, with an annualized yield of 2.0%.

Nuveen LLC acquired a new position in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 44,296 shares of the bank's stock, valued at approximately $4,613,000. Nuveen LLC owned about 0.07% of BOK Financial at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Renaissance Technologies LLC increased 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 valued at $1,179,000 after acquiring an additional 5,500 shares during the last quarter. Barclays PLC boosted its position in shares of BOK Financial by 67.9% during the 4th quarter. Barclays PLC now owns 33,658 shares of the bank's stock worth $3,581,000 after purchasing an additional 13,611 shares during the period. Stifel Financial Corp increased its holdings in BOK Financial by 5.9% in the 4th quarter. Stifel Financial Corp now owns 4,643 shares of the bank's stock valued at $494,000 after purchasing an additional 258 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in BOK Financial in the fourth quarter valued at approximately $1,434,000. Finally, Dark Forest Capital Management LP purchased a new stake in BOK Financial in the fourth quarter valued at approximately $204,000. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Stock Down 0.3%

Shares of BOKF stock traded down $0.32 during trading hours on Monday, reaching $111.41. 141,975 shares of the stock were exchanged, compared to its average volume of 187,169. BOK Financial Corporation has a 12-month low of $85.07 and a 12-month high of $121.58. The business's fifty day moving average is $103.90 and its two-hundred day moving average is $99.70. 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 market capitalization of $7.09 billion, a P/E ratio of 13.34 and a beta of 0.91.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The bank reported $2.19 EPS for the quarter, topping the consensus estimate of $1.98 by $0.21. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. The company had revenue of $525.50 million during the quarter, compared to analysts' expectations of $521.80 million. During the same quarter in the previous year, the business posted $2.54 EPS. As a group, research analysts expect that BOK Financial Corporation will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

BOKF has been the subject of several research analyst reports. Citigroup raised their price target on BOK Financial from $97.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Hovde Group increased their target price on BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Wall Street Zen downgraded BOK Financial from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Wells Fargo & Company set a $110.00 price target on shares of BOK Financial and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Finally, Barclays increased their price target on shares of BOK Financial from $110.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, BOK Financial currently has an average rating of "Hold" and a consensus target price of $112.58.

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.