BOK Financial Co. (NASDAQ:BOKF) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its holdings in BOK Financial Co. (NASDAQ:BOKF) by 90.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,689 shares of the bank’s stock after buying an additional 15,970 shares during the period. Deutsche Bank AG owned 0.05% of BOK Financial worth $3,586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BOKF. Norges Bank acquired a new stake in BOK Financial during the fourth quarter worth about $23,516,000. Freestone Grove Partners LP acquired a new stake in BOK Financial during the fourth quarter worth about $21,740,000. AQR Capital Management LLC increased its position in BOK Financial by 80.0% during the fourth quarter. AQR Capital Management LLC now owns 414,548 shares of the bank’s stock worth $44,129,000 after purchasing an additional 184,261 shares during the last quarter. Dimensional Fund Advisors LP increased its position in BOK Financial by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank’s stock worth $252,526,000 after purchasing an additional 98,588 shares during the last quarter. Finally, FIL Ltd acquired a new stake in BOK Financial during the fourth quarter worth about $6,281,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on BOKF. StockNews.com cut shares of BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Hovde Group cut their price objective on shares of BOK Financial from $122.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Raymond James set a $105.00 target price on shares of BOK Financial in a report on Tuesday, April 22nd. Stephens cut their price objective on shares of BOK Financial from $124.00 to $110.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company decreased their target price on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $111.60.

BOK Financial Price Performance

NASDAQ:BOKF opened at $96.88 on Wednesday. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 11.92 and a beta of 0.87. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average is $95.88 and its two-hundred day moving average is $105.84. BOK Financial Co. has a 12-month low of $85.08 and a 12-month high of $121.58.

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

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial’s dividend payout ratio (DPR) is 26.21%.

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.