New York State Teachers Retirement System Acquires Shares of 2,090 BOK Financial Corporation (NASDAQ:BOKF)

New York State Teachers Retirement System purchased a new stake in BOK Financial Corporation (NASDAQ:BOKF) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,090 shares of the bank’s stock, valued at approximately $218,000.

Other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new stake in shares of BOK Financial during the fourth quarter worth $30,000. True Wealth Design LLC grew its holdings in BOK Financial by 66.9% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank’s stock valued at $30,000 after buying an additional 113 shares in the last quarter. US Bancorp DE increased its position in shares of BOK Financial by 12.5% during the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock valued at $116,000 after buying an additional 121 shares during the period. Aster Capital Management DIFC Ltd lifted its holdings in shares of BOK Financial by 538.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank’s stock worth $126,000 after buying an additional 997 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in shares of BOK Financial by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,360 shares of the bank’s stock valued at $145,000 after acquiring an additional 495 shares during the period. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $104.45 on Friday. BOK Financial Corporation has a 1 year low of $85.08 and a 1 year high of $121.58. The stock has a market capitalization of $6.71 billion, a P/E ratio of 12.01 and a beta of 0.86. The company’s 50-day moving average is $96.37 and its 200 day moving average is $101.03. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.76 and a quick ratio of 0.76.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.15). The firm had revenue of $500.37 million for the quarter, compared to analysts’ expectations of $520.86 million. BOK Financial had a return on equity of 9.51% and a net margin of 16.39%. On average, sell-side analysts expect that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Thursday, May 15th. BOK Financial’s dividend payout ratio (DPR) is presently 26.21%.

Wall Street Analyst Weigh In

Several brokerages have commented on BOKF. Stephens cut their price target on shares of BOK Financial from $124.00 to $110.00 and set an “equal weight” rating for the company in a report on Wednesday, April 23rd. Royal Bank Of Canada reduced their target price on BOK Financial from $119.00 to $104.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 23rd. Jefferies Financial Group started coverage on BOK Financial in a research report on Wednesday, May 21st. They set a “hold” rating and a $105.00 price target for the company. Wells Fargo & Company decreased their price objective 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. Finally, Citigroup lifted their target price on shares of BOK Financial from $97.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $110.50.

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.