Charles Schwab Investment Management Inc. cut its stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 230,908 shares of the bank's stock after selling 8,285 shares during the period. Charles Schwab Investment Management Inc. owned 0.36% of BOK Financial worth $24,580,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. boosted its position in BOK Financial by 28.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank's stock valued at $23,408,000 after purchasing an additional 48,942 shares during the last quarter. Point72 Asset Management L.P. boosted its position in BOK Financial by 55.6% during the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank's stock valued at $14,315,000 after purchasing an additional 48,874 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in BOK Financial by 7.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank's stock valued at $14,238,000 after purchasing an additional 9,863 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in BOK Financial by 0.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,609 shares of the bank's stock valued at $8,643,000 after purchasing an additional 564 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in BOK Financial by 309.8% during the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank's stock valued at $4,662,000 after purchasing an additional 33,686 shares during the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.
BOK Financial Stock Performance
Shares of NASDAQ BOKF traded down $0.55 during trading hours on Friday, reaching $102.02. 340,170 shares of the stock were exchanged, compared to its average volume of 141,192. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 12.55 and a beta of 1.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. BOK Financial Co. has a 52 week low of $85.02 and a 52 week high of $121.58. The stock's fifty day simple moving average is $107.91 and its 200 day simple moving average is $109.06.
BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. Sell-side analysts predict that BOK Financial Co. will post 8.83 EPS for the current year.
BOK Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.57 per share. 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 2.23%. BOK Financial's dividend payout ratio (DPR) is presently 28.04%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com cut BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Royal Bank of Canada raised 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. Stephens cut their price objective on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company raised their price objective on BOK Financial from $105.00 to $112.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $119.11.
Check Out Our Latest 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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