FIL Ltd Invests $6.28 Million in BOK Financial Co. (NASDAQ:BOKF)

FIL Ltd purchased a new position in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 59,005 shares of the bank's stock, valued at approximately $6,281,000. FIL Ltd owned 0.09% of BOK Financial as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BOKF. Picton Mahoney Asset Management acquired a new stake in shares of BOK Financial during the fourth quarter worth approximately $30,000. Venturi Wealth Management LLC increased its holdings in BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock valued at $42,000 after purchasing an additional 100 shares in the last quarter. US Bancorp DE raised its position in BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock valued at $116,000 after purchasing an additional 121 shares during the last quarter. Aster Capital Management DIFC Ltd boosted 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 in the last quarter. Finally, KBC Group NV grew its holdings in shares of BOK Financial by 32.7% during the fourth quarter. KBC Group NV now owns 1,201 shares of the bank's stock worth $128,000 after purchasing an additional 296 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BOKF has been the topic of several research reports. Wells Fargo & Company decreased their price objective on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Barclays dropped their price objective on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Stephens decreased their price objective on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. Royal Bank of Canada boosted their target price on BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 22nd. Finally, StockNews.com cut BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, BOK Financial currently has an average rating of "Hold" and a consensus price target of $117.00.

BOK Financial Trading Up 0.4 %

Shares of BOKF stock traded up $0.36 on Friday, reaching $91.17. The company had a trading volume of 213,518 shares, compared to its average volume of 150,918. The stock has a market cap of $5.86 billion, a PE ratio of 11.21 and a beta of 0.93. The company has a 50-day moving average of $101.54 and a 200-day moving average of $107.85. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. BOK Financial Co. has a 12 month low of $85.07 and a 12 month high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, equities analysts forecast that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a yield of 2.50%. BOK Financial's payout ratio is 28.04%.

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.