Vanguard Group Inc. Sells 33,343 Shares of BOK Financial Corporation $BOKF

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Vanguard Group Inc. lessened its position in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 1.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,412,199 shares of the bank's stock after selling 33,343 shares during the period. Vanguard Group Inc. owned 3.75% of BOK Financial worth $251,231,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. True Wealth Design LLC lifted its position in BOK Financial by 66.9% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank's stock valued at $30,000 after acquiring an additional 113 shares during the period. Versant Capital Management Inc grew its position in BOK Financial by 1,046.7% during the first quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock valued at $143,000 after buying an additional 1,256 shares during the period. Sterling Capital Management LLC grew its position in BOK Financial by 57.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,360 shares of the bank's stock valued at $145,000 after buying an additional 495 shares during the period. Dark Forest Capital Management LP bought a new stake in BOK Financial during the fourth quarter valued at approximately $204,000. Finally, 111 Capital bought a new position in shares of BOK Financial in the fourth quarter worth approximately $206,000. Institutional investors own 34.44% of the company's stock.

BOK Financial Stock Up 1.2%

BOKF stock opened at $105.56 on Tuesday. 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 Corporation has a 52 week low of $85.07 and a 52 week high of $121.58. The firm has a 50 day moving average of $100.77 and a 200 day moving average of $99.77. The stock has a market capitalization of $6.71 billion, a PE ratio of 12.64 and a beta of 0.88.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted 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. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. The firm had revenue of $525.50 million during the quarter, compared to analysts' expectations of $521.80 million. During the same period in the previous year, the business posted $2.54 EPS. Sell-side analysts forecast that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, August 13th. BOK Financial's payout ratio is currently 27.31%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BOKF shares. Stephens dropped their price target on shares of BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen downgraded shares of BOK Financial from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Royal Bank Of Canada increased their target price on shares of BOK Financial from $104.00 to $110.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. DA Davidson raised their price target on shares of BOK Financial from $114.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Raymond James Financial set a $105.00 target price on shares of BOK Financial in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.