Geode Capital Management LLC Has $43.72 Million Stake in BOK Financial Co. (NASDAQ:BOKF)

Geode Capital Management LLC grew its holdings in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 410,570 shares of the bank's stock after purchasing an additional 5,028 shares during the period. Geode Capital Management LLC owned 0.64% of BOK Financial worth $43,718,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BOKF. Picton Mahoney Asset Management acquired a new position in BOK Financial during the 4th quarter valued at approximately $30,000. Venturi Wealth Management LLC grew its holdings in BOK Financial by 33.8% in the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock worth $42,000 after buying an additional 100 shares in the last quarter. US Bancorp DE increased 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 acquiring an additional 121 shares during the period. KBC Group NV raised its stake 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 valued at $128,000 after purchasing an additional 296 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in BOK Financial by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank's stock worth $217,000 after purchasing an additional 107 shares during the period. 34.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BOKF. Stephens reduced their price target on shares of BOK Financial from $135.00 to $127.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Royal Bank of Canada lifted their price target 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. Barclays lowered their target price on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. StockNews.com lowered shares of BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Wells Fargo & Company cut their target price on shares of 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $117.00.

BOK Financial Stock Performance

BOKF stock traded up $0.36 during trading on Friday, reaching $91.17. 213,518 shares of the stock were exchanged, compared to its average volume of 151,321. BOK Financial Co. has a twelve month low of $85.08 and a twelve month high of $121.58. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $5.86 billion, a P/E ratio of 11.21 and a beta of 0.93. The stock has a 50 day simple moving average of $101.11 and a 200-day simple moving average of $107.82.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

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

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.