BOK Financial Co. (NASDAQ:BOKF) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,176,031 shares of the bank’s stock after acquiring an additional 125,950 shares during the quarter. Dimensional Fund Advisors LP owned about 3.37% of BOK Financial worth $199,405,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BOKF. Victory Capital Management Inc. increased its stake in BOK Financial by 18.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,629 shares of the bank’s stock valued at $311,000 after purchasing an additional 566 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of BOK Financial by 5.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 263,488 shares of the bank’s stock valued at $22,568,000 after acquiring an additional 12,892 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of BOK Financial by 16.7% in the fourth quarter. BNP Paribas Financial Markets now owns 16,442 shares of the bank’s stock valued at $1,408,000 after acquiring an additional 2,354 shares in the last quarter. Norges Bank purchased a new stake in shares of BOK Financial in the fourth quarter valued at about $27,170,000. Finally, Quest Partners LLC purchased a new stake in shares of BOK Financial in the fourth quarter valued at about $134,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Stock Up 2.7 %

Shares of NASDAQ BOKF opened at $107.51 on Friday. BOK Financial Co. has a 12-month low of $62.42 and a 12-month high of $108.00. The company has a market capitalization of $6.94 billion, a PE ratio of 15.51 and a beta of 1.18. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.81. The firm’s 50-day moving average is $101.52 and its two-hundred day moving average is $93.90.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.65. The business had revenue of $871.84 million during the quarter, compared to analyst estimates of $520.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same quarter in the previous year, the business posted $2.27 earnings per share. Equities analysts anticipate that BOK Financial Co. will post 7.78 EPS for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Thursday, August 15th. BOK Financial’s dividend payout ratio is presently 32.07%.

Analyst Ratings Changes

A number of analysts recently commented on BOKF shares. Truist Financial boosted their price objective on shares of BOK Financial from $94.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Royal Bank of Canada boosted their price objective on shares of BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. DA Davidson boosted their price objective on shares of BOK Financial from $97.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods boosted their price objective on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, Hovde Group boosted their price objective on shares of BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BOK Financial presently has a consensus rating of “Hold” and a consensus price target of $108.00.

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.