Bank of New York Mellon Corp Has $19.79 Million Position in BOK Financial Co. (NASDAQ:BOKF)

Bank of New York Mellon Corp lessened its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 15.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185,901 shares of the bank’s stock after selling 34,801 shares during the period. Bank of New York Mellon Corp owned approximately 0.29% of BOK Financial worth $19,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC grew its position in BOK Financial by 33.8% in the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock valued at $42,000 after acquiring an additional 100 shares during the last quarter. KBC Group NV raised its position in BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after purchasing an additional 183 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of BOK Financial in the third quarter valued at approximately $142,000. SageView Advisory Group LLC bought a new position in BOK Financial in the 3rd quarter valued at approximately $200,000. Finally, CIBC Asset Management Inc acquired a new position in BOK Financial in the 3rd quarter valued at approximately $202,000. 34.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company lifted their target price on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Royal Bank of Canada raised their target price on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Stephens dropped 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 report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their target price on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, BOK Financial presently has a consensus rating of “Hold” and an average price target of $116.40.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $99.15 on Tuesday. 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 has a market capitalization of $6.37 billion, a PE ratio of 12.20 and a beta of 1.20. The stock’s 50 day moving average price is $108.95 and its 200-day moving average price is $109.30. BOK Financial Co. has a twelve month low of $85.02 and a twelve month high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.57 per share. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a yield of 2.30%. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

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.