BOK Financial Co. (NASDAQ:BOKF) Stock Position Decreased by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its holdings in shares of BOK Financial Co. (NASDAQ:BOKFFree Report) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 94,981 shares of the bank’s stock after selling 16,513 shares during the period. Wells Fargo & Company MN owned 0.14% of BOK Financial worth $8,135,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BOKF. Norges Bank bought a new position in BOK Financial in the 4th quarter worth about $27,170,000. Inceptionr LLC bought a new position in BOK Financial in the 4th quarter worth about $412,000. Dimensional Fund Advisors LP grew its position in BOK Financial by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock worth $163,252,000 after purchasing an additional 221,785 shares during the last quarter. Polaris Capital Management LLC grew its position in BOK Financial by 19.9% in the 4th quarter. Polaris Capital Management LLC now owns 16,864 shares of the bank’s stock worth $1,444,000 after purchasing an additional 2,800 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in BOK Financial by 16.7% in the 4th quarter. BNP Paribas Financial Markets now owns 16,442 shares of the bank’s stock worth $1,408,000 after purchasing an additional 2,354 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on BOKF shares. Raymond James restated an “outperform” rating and issued a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a research report on Thursday, April 25th. Hovde Group upped their price target on shares of BOK Financial from $96.00 to $97.00 and gave the stock a “market perform” rating in a research note on Thursday, April 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 research note on Wednesday, March 13th. Truist Financial reduced their price target on shares of BOK Financial from $99.00 to $97.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Finally, Wells Fargo & Company upped their price target on shares of BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $97.10.

Read Our Latest Report on BOK Financial

BOK Financial Stock Up 1.2 %

BOKF stock opened at $89.58 on Thursday. BOK Financial Co. has a 12 month low of $62.42 and a 12 month high of $96.40. The firm has a market cap of $5.78 billion, a PE ratio of 13.06 and a beta of 1.17. The firm has a 50 day simple moving average of $90.93 and a 200 day simple moving average of $85.62. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82.

BOK Financial (NASDAQ:BOKFGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. The business had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. During the same quarter in the previous year, the business earned $2.43 earnings per share. Equities research analysts forecast that BOK Financial Co. will post 7.56 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.46%. BOK Financial’s dividend payout ratio is currently 32.07%.

Insider Activity

In other news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total transaction of $274,980.00. Following the sale, the director now owns 47,985 shares in the company, valued at $4,398,305.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 59.72% of the stock is owned by company insiders.

BOK Financial Profile

(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.

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

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