Dimensional Fund Advisors LP Has $252.53 Million Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

Dimensional Fund Advisors LP boosted its stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 4.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,372,203 shares of the bank's stock after purchasing an additional 98,588 shares during the period. Dimensional Fund Advisors LP owned about 3.70% of BOK Financial worth $252,526,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BOKF. Prudential Financial Inc. raised its holdings in shares of BOK Financial by 68.1% during the fourth quarter. Prudential Financial Inc. now owns 8,170 shares of the bank's stock worth $937,000 after acquiring an additional 3,310 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of BOK Financial by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank's stock worth $260,328,000 after purchasing an additional 11,418 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BOK Financial during the 4th quarter valued at about $6,138,000. HighTower Advisors LLC grew its stake in shares of BOK Financial by 166.9% in the 4th quarter. HighTower Advisors LLC now owns 7,504 shares of the bank's stock valued at $799,000 after buying an additional 4,692 shares in the last quarter. Finally, Meritage Portfolio Management acquired a new position in BOK Financial in the fourth quarter worth approximately $444,000. Hedge funds and other institutional investors own 34.44% of the company's stock.

BOK Financial Stock Performance

BOKF traded up $0.67 on Friday, hitting $92.00. 267,843 shares of the stock traded hands, compared to its average volume of 152,377. The business has a fifty day moving average price of $99.05 and a two-hundred day moving average price of $107.37. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. BOK Financial Co. has a 52 week low of $85.08 and a 52 week high of $121.58. The firm has a market capitalization of $5.91 billion, a PE ratio of 11.32 and a beta of 0.93.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). The firm had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, research analysts predict that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial's dividend payout ratio (DPR) is presently 26.21%.

Analysts Set New Price Targets

Several research firms have commented on BOKF. StockNews.com downgraded shares of BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Barclays lowered their target price on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Stephens lowered their price objective on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating on the stock in a report on Wednesday. Hovde Group reduced their target price on BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, DA Davidson decreased their target price on BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $111.60.

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.