Wellington Management Group LLP Purchases New Position in BOK Financial Co. (NASDAQ:BOKF)

Wellington Management Group LLP purchased a new stake in BOK Financial Co. (NASDAQ:BOKFFree Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 67,200 shares of the bank’s stock, valued at approximately $5,375,000. Wellington Management Group LLP owned about 0.10% of BOK Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of BOKF. Schonfeld Strategic Advisors LLC grew its stake in BOK Financial by 11,085.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 357,933 shares of the bank’s stock valued at $37,150,000 after buying an additional 354,733 shares during the last quarter. State Street Corp grew its position in shares of BOK Financial by 37.0% during the 1st quarter. State Street Corp now owns 1,231,625 shares of the bank’s stock worth $115,711,000 after purchasing an additional 332,904 shares in the last quarter. Norges Bank acquired a new position in shares of BOK Financial during the 4th quarter worth approximately $30,754,000. Millennium Management LLC grew its position in shares of BOK Financial by 75.3% during the 4th quarter. Millennium Management LLC now owns 587,487 shares of the bank’s stock worth $60,975,000 after purchasing an additional 252,346 shares in the last quarter. Finally, George Kaiser Family Foundation grew its position in shares of BOK Financial by 3.6% during the 2nd quarter. George Kaiser Family Foundation now owns 3,322,809 shares of the bank’s stock worth $268,417,000 after purchasing an additional 115,040 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

Insider Transactions at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction on Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the completion of the transaction, the director now owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 57.78% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on BOKF. Keefe, Bruyette & Woods increased their target price on shares of BOK Financial from $92.00 to $94.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Citigroup upped their price target on shares of BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. StockNews.com downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Royal Bank of Canada upped their price target on shares of BOK Financial from $89.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday, January 25th. Finally, Stephens upped their price target on shares of BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $90.00.

Read Our Latest Stock Analysis on BOK Financial

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $87.73 on Tuesday. BOK Financial Co. has a fifty-two week low of $62.42 and a fifty-two week high of $92.41. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $5.67 billion, a P/E ratio of 10.97 and a beta of 1.20. The company’s 50 day moving average price is $84.57 and its two-hundred day moving average price is $79.96.

BOK Financial (NASDAQ:BOKFGet Free Report) last issued its earnings results on Wednesday, January 24th. The bank reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49). The company had revenue of $843.21 million during the quarter, compared to analyst estimates of $485.87 million. BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. During the same quarter in the prior year, the business earned $2.51 EPS. On average, equities analysts forecast that BOK Financial Co. will post 7.57 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.51%. BOK Financial’s dividend payout ratio (DPR) is presently 27.50%.

About BOK Financial

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for BOK Financial (NASDAQ:BOKF)

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