Wells Fargo & Company MN Has $9.49 Million Holdings in BOK Financial Co. (NASDAQ:BOKF)

Wells Fargo & Company MN increased its stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 89,180 shares of the bank's stock after purchasing an additional 3,059 shares during the quarter. Wells Fargo & Company MN owned approximately 0.14% of BOK Financial worth $9,493,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its holdings in shares of BOK Financial by 68.1% during the 4th quarter. Prudential Financial Inc. now owns 8,170 shares of the bank's stock worth $937,000 after buying an additional 3,310 shares during the period. Vanguard Group Inc. boosted its stake in BOK Financial by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank's stock valued at $260,328,000 after purchasing an additional 11,418 shares during the period. Raymond James Financial Inc. acquired a new stake in BOK Financial in the 4th quarter valued at approximately $6,138,000. HighTower Advisors LLC increased its position in BOK Financial by 166.9% in the 4th quarter. HighTower Advisors LLC now owns 7,504 shares of the bank's stock worth $799,000 after buying an additional 4,692 shares during the period. Finally, Meritage Portfolio Management acquired a new position in shares of BOK Financial during the fourth quarter worth approximately $444,000. Institutional investors own 34.44% of the company's stock.

BOK Financial Price Performance

Shares of BOKF traded down $1.52 during trading hours on Tuesday, hitting $88.13. The stock had a trading volume of 251,436 shares, compared to its average volume of 152,187. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 10.84 and a beta of 0.93. 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 company's fifty day moving average is $100.25 and its two-hundred day moving average is $107.63. BOK Financial Co. has a 52 week low of $85.08 and a 52 week high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The bank reported $1.86 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 analyst estimates of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.59%. BOK Financial's payout ratio is 28.04%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays cut their target price on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. StockNews.com cut shares of BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Stephens restated an "equal weight" rating and set a $124.00 price target on shares of BOK Financial in a research note on Tuesday. Royal Bank of Canada lifted their price objective on BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company cut their target price 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. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, BOK Financial presently has an average rating of "Hold" and a consensus price target of $116.70.

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.