Bleakley Financial Group LLC Acquires 724 Shares of BOK Financial Co. (NASDAQ:BOKF)

Bleakley Financial Group LLC increased its holdings in BOK Financial Co. (NASDAQ:BOKF) by 31.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,013 shares of the bank’s stock after purchasing an additional 724 shares during the period. Bleakley Financial Group LLC’s holdings in BOK Financial were worth $315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BOKF. Allspring Global Investments Holdings LLC lifted its position in shares of BOK Financial by 4,370,260.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock worth $20,025,000 after buying an additional 218,513 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in BOK Financial by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock worth $199,405,000 after acquiring an additional 125,950 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of BOK Financial during the 2nd quarter worth approximately $3,429,000. State Board of Administration of Florida Retirement System boosted its position in shares of BOK Financial by 71.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock valued at $3,168,000 after acquiring an additional 15,626 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of BOK Financial by 304.9% in the second quarter. Sei Investments Co. now owns 20,602 shares of the bank’s stock valued at $1,888,000 after purchasing an additional 15,514 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Stock Performance

BOKF stock opened at $107.90 on Thursday. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 15.73 and a beta of 1.17. BOK Financial Co. has a twelve month low of $62.42 and a twelve month high of $114.93. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. The business’s fifty day simple moving average is $104.27 and its two-hundred day simple moving average is $96.98.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. The company had revenue of $888.50 million during the quarter, compared to analyst estimates of $509.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same quarter last year, the business posted $2.04 EPS. Analysts predict that BOK Financial Co. will post 7.85 earnings per share for the current year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.20 annualized dividend and a yield of 2.04%. BOK Financial’s dividend payout ratio (DPR) is currently 32.07%.

Wall Street Analyst Weigh In

Several equities analysts have commented on BOKF shares. Royal Bank of Canada increased their price objective on shares of BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research report on Wednesday. Wells Fargo & Company increased their price target on shares of BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Wedbush reiterated a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a research report on Tuesday. DA Davidson decreased their price objective on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Keefe, Bruyette & Woods raised their price objective on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $111.90.

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.