American Century Companies Inc. Buys 572 Shares of BOK Financial Co. (NASDAQ:BOKF)

American Century Companies Inc. lifted its stake in BOK Financial Co. (NASDAQ:BOKF) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,277 shares of the bank’s stock after purchasing an additional 572 shares during the period. American Century Companies Inc.’s holdings in BOK Financial were worth $1,307,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management bought a new stake in shares of BOK Financial during the fourth quarter worth $30,000. Venturi Wealth Management LLC increased its position in BOK Financial by 33.8% in the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock worth $42,000 after purchasing an additional 100 shares during the period. US Bancorp DE raised its holdings in BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock worth $116,000 after purchasing an additional 121 shares during the last quarter. KBC Group NV lifted its position in BOK Financial by 32.7% during the 4th quarter. KBC Group NV now owns 1,201 shares of the bank’s stock valued at $128,000 after purchasing an additional 296 shares during the period. Finally, CIBC Asset Management Inc lifted its position in BOK Financial by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock valued at $217,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Trading Down 4.4 %

NASDAQ:BOKF opened at $88.13 on Friday. The business’s 50-day simple moving average is $103.62 and its 200-day simple moving average is $108.36. BOK Financial Co. has a fifty-two week low of $85.02 and a fifty-two week high of $121.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. The stock has a market capitalization of $5.66 billion, a PE ratio of 10.84 and a beta of 0.93.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Sell-side analysts expect that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.59%. BOK Financial’s dividend payout ratio (DPR) is 28.04%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BOKF. Stephens dropped their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. StockNews.com cut shares of BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Barclays reduced their price target on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Wells Fargo & Company dropped their price objective on BOK Financial from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Royal Bank of Canada raised their target price on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $117.00.

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.