Vanguard Group Inc. Purchases 11,418 Shares of BOK Financial Co. (NASDAQ:BOKF)

Vanguard Group Inc. grew its holdings in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,445,542 shares of the bank's stock after acquiring an additional 11,418 shares during the quarter. Vanguard Group Inc. owned 3.81% of BOK Financial worth $260,328,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. LPL Financial LLC raised its position in BOK Financial by 77.0% in the 4th quarter. LPL Financial LLC now owns 5,546 shares of the bank's stock worth $590,000 after purchasing an additional 2,412 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of BOK Financial during the fourth quarter valued at about $514,000. American Century Companies Inc. increased its holdings in shares of BOK Financial by 4.9% in the fourth quarter. American Century Companies Inc. now owns 12,277 shares of the bank's stock worth $1,307,000 after buying an additional 572 shares during the period. Virtu Financial LLC purchased a new position in shares of BOK Financial in the fourth quarter worth about $259,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of BOK Financial by 98.5% in the 4th quarter. Teacher Retirement System of Texas now owns 18,184 shares of the bank's stock valued at $1,936,000 after acquiring an additional 9,024 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BOKF. Barclays decreased their price target on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Stephens decreased their target price on shares of BOK Financial from $135.00 to $127.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. StockNews.com cut shares of BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Wells Fargo & Company decreased 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 report on Wednesday. Finally, Royal Bank of Canada increased their target price on shares of BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $117.00.

BOK Financial Stock Up 3.5 %

Shares of BOKF stock traded up $3.15 during midday trading on Wednesday, reaching $92.22. 638,680 shares of the stock were exchanged, compared to its average volume of 146,266. BOK Financial Co. has a 1 year low of $85.02 and a 1 year high of $121.58. The firm has a market cap of $5.92 billion, a PE ratio of 11.34 and a beta of 0.93. The company's 50 day moving average is $104.02 and its two-hundred day moving average is $108.48. 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 (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. On average, equities research analysts predict that BOK Financial Co. will post 8.83 EPS 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 paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial's payout ratio is currently 28.04%.

About BOK Financial

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.