JPMorgan Chase & Co. Purchases 961 Shares of BOK Financial Co. (NASDAQ:BOKF)

JPMorgan Chase & Co. boosted its position in BOK Financial Co. (NASDAQ:BOKF) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,434 shares of the bank’s stock after purchasing an additional 961 shares during the quarter. JPMorgan Chase & Co.’s holdings in BOK Financial were worth $2,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

BOK Financial Stock Up 1.4 %

BOK Financial stock opened at $89.35 on Thursday. The firm has a market cap of $5.74 billion, a P/E ratio of 10.99 and a beta of 0.93. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. BOK Financial Co. has a twelve month low of $85.08 and a twelve month high of $121.58. The business has a fifty day moving average of $99.83 and a two-hundred day moving average of $107.51.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.15). The business had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. On average, analysts forecast that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) is 28.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BOKF shares. Wells Fargo & Company lowered their price objective on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. StockNews.com downgraded shares of BOK Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Stephens reduced their price objective on BOK Financial from $124.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Hovde Group lowered their target price on BOK Financial from $122.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Raymond James set a $105.00 price target on BOK Financial in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, BOK Financial presently has a consensus rating of “Hold” and an average price target of $111.60.

BOK Financial Company 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.