Alliancebernstein L.P. Has $1.01 Million Stake in BOK Financial Co. (NASDAQ:BOKF)

Alliancebernstein L.P. cut its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,498 shares of the bank’s stock after selling 778 shares during the quarter. Alliancebernstein L.P.’s holdings in BOK Financial were worth $1,011,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BOKF. Prudential Financial Inc. lifted its holdings in shares of BOK Financial by 68.1% in the 4th quarter. Prudential Financial Inc. now owns 8,170 shares of the bank’s stock worth $937,000 after purchasing an additional 3,310 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of BOK Financial by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank’s stock valued at $260,328,000 after acquiring an additional 11,418 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of BOK Financial during the 4th quarter worth $6,138,000. HighTower Advisors LLC lifted its holdings in shares of BOK Financial by 166.9% in the 4th quarter. HighTower Advisors LLC now owns 7,504 shares of the bank’s stock worth $799,000 after acquiring an additional 4,692 shares during the last quarter. Finally, Meritage Portfolio Management purchased a new stake in shares of BOK Financial during the fourth quarter valued at approximately $444,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF opened at $91.17 on Friday. The firm’s 50 day simple moving average is $101.11 and its 200-day simple moving average is $107.78. The firm has a market cap of $5.86 billion, a PE ratio of 11.21 and a beta of 0.93. BOK Financial Co. has a one year low of $85.08 and a one year high of $121.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75.

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

BOK Financial Announces Dividend

The business also recently disclosed 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. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) is currently 28.04%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BOKF. Stephens dropped their target price on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Barclays decreased their price target on shares of BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. StockNews.com downgraded shares of BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Royal Bank of Canada raised their target price on shares of BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company decreased their price target on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $117.00.

BOK Financial 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.