Bank of New York Mellon Corp Has $19.79 Million Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

Bank of New York Mellon Corp lowered its holdings in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 15.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,901 shares of the bank's stock after selling 34,801 shares during the period. Bank of New York Mellon Corp owned about 0.29% of BOK Financial worth $19,789,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its stake in shares of BOK Financial by 33.8% in 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. CIBC Asset Management Inc raised its holdings in shares of BOK Financial by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank's stock valued at $217,000 after buying an additional 107 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of BOK Financial by 1.7% in the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank's stock valued at $933,000 after buying an additional 147 shares during the last quarter. KBC Group NV raised its holdings in shares of BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank's stock valued at $95,000 after buying an additional 183 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in BOK Financial by 5.2% during the 4th quarter. Sanctuary Advisors LLC now owns 6,051 shares of the bank's stock worth $672,000 after purchasing an additional 298 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Stephens dropped their price objective on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. StockNews.com upgraded BOK Financial from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Royal Bank of Canada boosted their price objective on BOK Financial from $115.00 to $120.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 22nd. Wells Fargo & Company upped their price target on BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods upped their price target on BOK Financial from $112.00 to $125.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $119.11.

BOK Financial Stock Up 2.9 %

Shares of NASDAQ BOKF traded up $2.83 during trading hours on Friday, hitting $101.93. The company had a trading volume of 91,430 shares, compared to its average volume of 143,292. The stock has a market capitalization of $6.55 billion, a P/E ratio of 12.54 and a beta of 1.20. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. BOK Financial Co. has a 1-year low of $85.02 and a 1-year high of $121.58. The firm's 50 day moving average is $108.68 and its 200-day moving average is $109.20.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings data 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 return on equity of 9.86% and a net margin of 15.32%. On average, analysts expect that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Wednesday, February 12th. BOK Financial's dividend payout ratio (DPR) is currently 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.