BOK Financial Co. (NASDAQ:BOKF) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 51.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158,637 shares of the bank’s stock after buying an additional 54,075 shares during the period. First Trust Advisors LP’s holdings in BOK Financial were worth $16,887,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new position in shares of BOK Financial during the 4th quarter valued at about $30,000. Venturi Wealth Management LLC boosted its holdings in BOK Financial by 33.8% in the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. US Bancorp DE boosted its holdings 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 last quarter. Aster Capital Management DIFC Ltd grew its stake in shares of BOK Financial by 538.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank’s stock valued at $126,000 after buying an additional 997 shares during the period. Finally, KBC Group NV increased its holdings in shares of BOK Financial by 32.7% during the 4th quarter. KBC Group NV now owns 1,201 shares of the bank’s stock worth $128,000 after buying an additional 296 shares during the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Stock Up 0.7 %

Shares of BOKF opened at $92.00 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. The stock has a market capitalization of $5.91 billion, a PE ratio of 11.32 and a beta of 0.93. The company’s 50-day simple moving average is $99.05 and its 200-day simple moving average is $107.37. BOK Financial Co. has a 1 year low of $85.08 and a 1 year high of $121.58.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.15). The business had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. Analysts forecast that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.48%. BOK Financial’s payout ratio is 26.21%.

Analysts Set New Price Targets

BOKF has been the subject of several analyst reports. Hovde Group lowered their price objective on BOK Financial from $122.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday. Raymond James set a $105.00 price target on BOK Financial in a report on Tuesday. Stephens cut their price objective on BOK Financial from $124.00 to $110.00 and set an “equal weight” rating for the company in a research report on Wednesday. StockNews.com cut shares of BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, DA Davidson dropped their price target on shares of BOK Financial from $122.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $111.60.

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.