Strs Ohio Buys New Holdings in BOK Financial Corporation $BOKF

Key Points

• Strs Ohio has invested approximately $1.92 million in BOK Financial Corporation, acquiring 18,391 shares of the bank's stock during the first quarter.
• BOK Financial recently announced strong quarterly earnings, reporting $2.19 earnings per share, exceeding the consensus estimate of $1.98.
• Analysts have mixed views on BOK Financial, with price targets ranging from $100 to $123, and a consensus rating of "Hold" with an average price target of $113.83.

Strs Ohio acquired a new position in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,391 shares of the bank's stock, valued at approximately $1,915,000.

Several other institutional investors and hedge funds have also modified their holdings of BOKF. AQR Capital Management LLC lifted its position in shares of BOK Financial by 39.8% during the 1st quarter. AQR Capital Management LLC now owns 579,732 shares of the bank's stock worth $59,446,000 after buying an additional 165,184 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BOK Financial by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank's stock worth $256,531,000 after buying an additional 90,948 shares during the last quarter. Millennium Management LLC lifted its position in shares of BOK Financial by 29.4% during the 4th quarter. Millennium Management LLC now owns 252,779 shares of the bank's stock worth $26,908,000 after buying an additional 57,420 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of BOK Financial by 10,687.0% during the 1st quarter. GAMMA Investing LLC now owns 51,346 shares of the bank's stock worth $5,348,000 after buying an additional 50,870 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of BOK Financial during the 1st quarter worth $4,613,000. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Stock Performance

BOK Financial stock traded down $1.69 during mid-day trading on Friday, reaching $111.40. 316,770 shares of the company's stock were exchanged, compared to its average volume of 198,253. The business's fifty day simple moving average is $106.91 and its 200 day simple moving average is $100.10. The firm has a market capitalization of $7.09 billion, a PE ratio of 13.34 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 company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.70.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Monday, July 21st. The bank reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.21. The firm 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 previous year, the company posted $2.54 earnings per share. On average, sell-side analysts expect that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on BOKF. DA Davidson upped their target price on BOK Financial from $114.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Hovde Group raised their price objective on BOK Financial from $110.00 to $123.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Wall Street Zen cut BOK Financial from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Wells Fargo & Company set a $110.00 price objective on BOK Financial and gave the company an "equal weight" rating in a research note on Monday, July 28th. Finally, Barclays raised their target price on BOK Financial from $110.00 to $115.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $113.00.

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.