Rafferty Asset Management LLC Buys 24,482 Shares of BOK Financial Co. (NASDAQ:BOKF)

Rafferty Asset Management LLC lifted its stake in shares of BOK Financial Co. (NASDAQ:BOKFFree Report) by 85.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 52,983 shares of the bank’s stock after acquiring an additional 24,482 shares during the period. Rafferty Asset Management LLC owned approximately 0.08% of BOK Financial worth $4,538,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BOKF. TFO Wealth Partners LLC lifted its stake in BOK Financial by 41,350.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,658 shares of the bank’s stock worth $142,000 after purchasing an additional 1,654 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in BOK Financial by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock worth $1,076,000 after purchasing an additional 120 shares during the last quarter. George Kaiser Family Foundation lifted its stake in BOK Financial by 1.2% in the fourth quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock worth $287,930,000 after purchasing an additional 38,898 shares during the last quarter. Hsbc Holdings PLC lifted its stake in BOK Financial by 259.2% in the fourth quarter. Hsbc Holdings PLC now owns 13,021 shares of the bank’s stock worth $1,113,000 after purchasing an additional 9,396 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its stake in BOK Financial by 29.9% in the fourth quarter. King Luther Capital Management Corp now owns 10,761 shares of the bank’s stock worth $922,000 after purchasing an additional 2,474 shares during the last quarter. 34.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BOKF. Keefe, Bruyette & Woods boosted their price target on shares of BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Truist Financial decreased their price objective on shares of BOK Financial from $99.00 to $97.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Hovde Group boosted their price objective on shares of BOK Financial from $96.00 to $97.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Citigroup boosted their price objective on shares of BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, Royal Bank of Canada boosted their price objective on shares of BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and a consensus price target of $97.10.

Check Out Our Latest Research Report on BOKF

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $91.66, for a total value of $274,980.00. Following the sale, the director now owns 47,985 shares in the company, valued at $4,398,305.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 56.94% of the company’s stock.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $89.30 on Friday. BOK Financial Co. has a 1 year low of $62.42 and a 1 year high of $96.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50-day moving average is $90.86 and its 200 day moving average is $85.67. The stock has a market capitalization of $5.76 billion, a P/E ratio of 12.99 and a beta of 1.17.

BOK Financial (NASDAQ:BOKFGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.19. The company had revenue of $806.91 million for the quarter, compared to analysts’ expectations of $473.70 million. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. During the same quarter in the previous year, the company earned $2.43 earnings per share. On average, sell-side analysts expect that BOK Financial Co. will post 7.56 earnings per share for the current year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Tuesday, May 14th. BOK Financial’s dividend payout ratio (DPR) is presently 32.07%.

BOK Financial Company 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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