Fmr LLC Trims Stock Position in BOK Financial Co. (NASDAQ:BOKF)

FMR LLC decreased its stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,578,984 shares of the bank's stock after selling 21,350 shares during the period. FMR LLC owned 2.46% of BOK Financial worth $168,083,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Picton Mahoney Asset Management purchased a new stake in BOK Financial in the fourth quarter valued at $30,000. Venturi Wealth Management LLC lifted its holdings 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 during the last quarter. US Bancorp DE boosted its position in shares of 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 period. Aster Capital Management DIFC Ltd grew its stake in BOK Financial by 538.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock worth $126,000 after buying an additional 997 shares during the last quarter. Finally, KBC Group NV increased its position in 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 buying an additional 296 shares during the period. Institutional investors and hedge funds own 34.44% of the company's stock.

Analyst Ratings Changes

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

BOK Financial Price Performance

Shares of BOK Financial stock traded up $0.36 during trading on Friday, reaching $91.17. The company's stock had a trading volume of 213,518 shares, compared to its average volume of 150,918. The business has a 50 day moving average price of $101.54 and a 200-day moving average price of $107.85. The company has a market capitalization of $5.86 billion, a P/E ratio of 11.21 and a beta of 0.93. 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 12-month low of $85.07 and a 12-month high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates 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 EPS for the current year.

BOK Financial Dividend Announcement

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