Northern Trust Corp Boosts Stock Position in BOK Financial Co. (NASDAQ:BOKF)

Northern Trust Corp lifted its holdings in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,717 shares of the bank's stock after purchasing an additional 7,605 shares during the quarter. Northern Trust Corp owned 0.23% of BOK Financial worth $15,512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Picton Mahoney Asset Management bought a new stake in BOK Financial in the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC grew its stake in BOK Financial by 33.8% in the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock worth $42,000 after purchasing an additional 100 shares during the period. US Bancorp DE grew its stake in 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 purchasing an additional 121 shares during the period. Aster Capital Management DIFC Ltd grew its stake in 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 purchasing an additional 997 shares during the period. Finally, KBC Group NV grew its stake in shares of BOK Financial by 32.7% in the fourth quarter. KBC Group NV now owns 1,201 shares of the bank's stock worth $128,000 after acquiring an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company's stock.

BOK Financial Price Performance

NASDAQ:BOKF traded down $0.07 during trading hours on Tuesday, reaching $97.70. The stock had a trading volume of 6,335 shares, compared to its average volume of 168,875. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. BOK Financial Co. has a 52 week low of $85.07 and a 52 week high of $121.58. The company has a 50 day moving average price of $95.92 and a two-hundred day moving average price of $105.91. The stock has a market capitalization of $6.28 billion, a PE ratio of 12.02 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $500.37 million during the quarter, compared to the consensus estimate of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. As a group, sell-side analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Thursday, May 15th. BOK Financial's dividend payout ratio (DPR) is presently 26.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BOKF shares. Royal Bank of Canada cut their target price on BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Raymond James set a $105.00 price target on BOK Financial in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their price target on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. StockNews.com downgraded BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, DA Davidson cut their price target on BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, BOK Financial presently has a consensus rating of "Hold" and a consensus price target of $111.60.

BOK Financial Company 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.