Teacher Retirement System of Texas Has $1.29 Million Position in BOK Financial Corporation (NASDAQ:BOKF)

Teacher Retirement System of Texas reduced its position in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 32.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,355 shares of the bank's stock after selling 5,829 shares during the quarter. Teacher Retirement System of Texas' holdings in BOK Financial were worth $1,287,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BOKF. Picton Mahoney Asset Management acquired a new position in shares of BOK Financial in the fourth quarter worth $30,000. True Wealth Design LLC increased its stake in shares of BOK Financial by 66.9% in the fourth quarter. True Wealth Design LLC now owns 282 shares of the bank's stock worth $30,000 after acquiring an additional 113 shares during the last quarter. US Bancorp DE increased its stake in shares of BOK Financial by 12.5% in the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after acquiring an additional 121 shares during the last quarter. Aster Capital Management DIFC Ltd increased its stake in shares of BOK Financial by 538.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock worth $126,000 after acquiring an additional 997 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of BOK Financial by 1,046.7% in the first quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock worth $143,000 after acquiring an additional 1,256 shares during the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Stock Down 1.3%

BOKF stock opened at $103.11 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.76 and a quick ratio of 0.76. BOK Financial Corporation has a 52-week low of $85.08 and a 52-week high of $121.58. The company has a 50-day moving average of $96.51 and a two-hundred day moving average of $100.92. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 11.85 and a beta of 0.86.

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 net margin of 16.39% and a return on equity of 9.51%. The firm had revenue of $500.37 million for the quarter, compared to the consensus estimate of $520.86 million. As a group, equities research analysts anticipate that BOK Financial Corporation will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Thursday, May 15th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Thursday, May 15th. BOK Financial's payout ratio is presently 26.21%.

Analyst Ratings Changes

Several research firms have commented on BOKF. Wall Street Zen downgraded shares of BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Wells Fargo & Company lowered their target price on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Royal Bank Of Canada lowered their target price on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. DA Davidson lowered their target price on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Hovde Group lowered their target price on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, BOK Financial currently has a consensus rating of "Hold" and a consensus target price of $110.50.

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.

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