Vanguard Group Inc. Has $260.33 Million Position in BOK Financial Co. (NASDAQ:BOKF)

Vanguard Group Inc. lifted its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,445,542 shares of the bank’s stock after buying an additional 11,418 shares during the quarter. Vanguard Group Inc. owned about 3.81% of BOK Financial worth $260,328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Venturi Wealth Management LLC lifted its position in BOK Financial by 33.8% during the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock worth $42,000 after acquiring an additional 100 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in BOK Financial by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock worth $217,000 after purchasing an additional 107 shares during the last quarter. US Bancorp DE boosted its stake in BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock valued at $116,000 after purchasing an additional 121 shares during the period. Tidal Investments LLC grew its holdings in BOK Financial by 1.7% in the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after buying an additional 147 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of BOK Financial during the fourth quarter worth $30,000. Institutional investors own 34.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BOKF shares. Barclays began coverage on shares of BOK Financial in a research note on Wednesday. They issued an “equal weight” rating and a $115.00 price target on the stock. Royal Bank of Canada boosted their price target on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. StockNews.com downgraded BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Stephens cut their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, BOK Financial currently has a consensus rating of “Hold” and a consensus price target of $118.70.

BOK Financial Trading Down 4.7 %

BOKF opened at $89.91 on Friday. The company has a market cap of $5.77 billion, a P/E ratio of 11.06 and a beta of 1.20. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $106.05 and its 200-day moving average is $109.01. BOK Financial Co. has a 1-year low of $85.02 and a 1-year high of $121.58.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Equities research analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s payout ratio is 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.