Rafferty Asset Management LLC lowered its stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,166 shares of the bank's stock after selling 3,979 shares during the period. Rafferty Asset Management LLC's holdings in BOK Financial were worth $2,998,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in BOK Financial by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank's stock valued at $260,328,000 after buying an additional 11,418 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in BOK Financial by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank's stock valued at $252,526,000 after purchasing an additional 98,588 shares during the period. AQR Capital Management LLC boosted its holdings in BOK Financial by 80.0% in the 4th quarter. AQR Capital Management LLC now owns 414,548 shares of the bank's stock valued at $44,129,000 after purchasing an additional 184,261 shares during the period. Geode Capital Management LLC boosted its holdings in BOK Financial by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 410,570 shares of the bank's stock valued at $43,718,000 after purchasing an additional 5,028 shares during the period. Finally, Millennium Management LLC boosted its holdings in BOK Financial by 29.4% in the 4th quarter. Millennium Management LLC now owns 252,779 shares of the bank's stock valued at $26,908,000 after purchasing an additional 57,420 shares during the period. Institutional investors and hedge funds own 34.44% of the company's stock.
Wall Street Analyst Weigh In
BOKF has been the subject of a number of recent research reports. DA Davidson cut their price objective on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada cut their price objective on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Stephens cut their price objective on shares of BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. StockNews.com downgraded shares of BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Finally, Raymond James set a $105.00 price target on shares of BOK Financial in a report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, BOK Financial has an average rating of "Hold" and an average price target of $111.60.
Check Out Our Latest Report on BOK Financial
BOK Financial Price Performance
Shares of NASDAQ:BOKF opened at $97.76 on Tuesday. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 12.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. The firm has a 50 day simple moving average of $95.92 and a 200 day simple moving average of $105.91. BOK Financial Co. has a one year low of $85.08 and a one year high of $121.58.
BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.15). The company had revenue of $500.37 million during the quarter, compared to the consensus estimate of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Research analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.
BOK Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 15th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.33%. The ex-dividend date is Thursday, May 15th. BOK Financial's payout ratio is 26.21%.
BOK Financial Company Profile
(
Free Report)
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.
See Also
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