Teacher Retirement System of Texas Buys 9,024 Shares of BOK Financial Co. (NASDAQ:BOKF)

Teacher Retirement System of Texas raised its stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 98.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,184 shares of the bank's stock after buying an additional 9,024 shares during the period. Teacher Retirement System of Texas' holdings in BOK Financial were worth $1,936,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in BOK Financial in the fourth quarter valued at approximately $6,138,000. SG Americas Securities LLC increased its position in shares of BOK Financial by 433.0% during the fourth quarter. SG Americas Securities LLC now owns 9,216 shares of the bank's stock worth $981,000 after buying an additional 7,487 shares during the period. Meritage Portfolio Management bought a new position in BOK Financial during the fourth quarter worth $444,000. Victory Capital Management Inc. lifted its holdings in BOK Financial by 85.3% in the fourth quarter. Victory Capital Management Inc. now owns 9,245 shares of the bank's stock valued at $984,000 after buying an additional 4,256 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in BOK Financial during the 4th quarter worth about $256,000. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Stock Performance

BOKF traded up $0.51 during trading hours on Monday, hitting $104.15. The stock had a trading volume of 123,206 shares, compared to its average volume of 143,582. The stock has a market cap of $6.69 billion, a PE ratio of 12.81 and a beta of 1.20. BOK Financial Co. has a 1 year low of $85.02 and a 1 year 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 company's fifty day simple moving average is $107.19 and its 200 day simple moving average is $109.26.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $2.12 EPS 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%. Equities analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.19%. BOK Financial's dividend payout ratio (DPR) is presently 28.04%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on BOK Financial from $105.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 3rd. StockNews.com cut BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Royal Bank of Canada raised their price objective on shares of BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, Stephens reduced their price objective on 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. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $119.11.

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.