Prudential Financial Inc. raised its position in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 68.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,170 shares of the bank's stock after purchasing an additional 3,310 shares during the period. Prudential Financial Inc.'s holdings in BOK Financial were worth $937,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of BOKF. Venturi Wealth Management LLC grew its position in shares of BOK Financial by 33.8% in the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock valued at $42,000 after purchasing an additional 100 shares during the period. CIBC Asset Management Inc grew its holdings in BOK Financial by 5.5% in the 4th 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 period. US Bancorp DE increased its stake in shares of BOK Financial by 12.5% during 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 last quarter. Tidal Investments LLC increased its stake in shares of BOK Financial by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank's stock valued at $933,000 after acquiring an additional 147 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in shares of BOK Financial during the 4th quarter worth about $30,000. 34.44% of the stock is owned by institutional investors and hedge funds.
BOK Financial Stock Down 0.3 %
Shares of BOKF traded down $0.27 during mid-day trading on Friday, reaching $87.86. 231,760 shares of the stock traded hands, compared to its average volume of 148,117. The stock has a fifty day simple moving average of $103.19 and a 200 day simple moving average of $108.26. BOK Financial Co. has a 12-month low of $85.02 and a 12-month high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 10.81 and a beta of 0.93.
BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) 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%. Sell-side analysts expect that BOK Financial Co. will post 8.83 EPS for the current fiscal year.
BOK Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial's dividend payout ratio is currently 28.04%.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. StockNews.com lowered shares of BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. 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. Barclays reduced 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. Royal Bank of Canada upped their price target on BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their price objective on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $117.00.
Read Our Latest Stock Analysis on BOKF
BOK Financial Company Profile
(
Free Report)
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.
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