Invesco Ltd. Buys 3,151 Shares of BOK Financial Corporation $BOKF

Invesco Ltd. lifted its holdings in BOK Financial Corporation (NASDAQ:BOKF) by 7.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,310 shares of the bank’s stock after purchasing an additional 3,151 shares during the period. Invesco Ltd. owned about 0.07% of BOK Financial worth $4,823,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its position in BOK Financial by 66.9% in the fourth quarter. True Wealth Design LLC now owns 282 shares of the bank’s stock worth $30,000 after purchasing an additional 113 shares during the last quarter. Versant Capital Management Inc boosted its position in BOK Financial by 1,046.7% in the first quarter. Versant Capital Management Inc now owns 1,376 shares of the bank’s stock valued at $143,000 after buying an additional 1,256 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in BOK Financial in the fourth quarter valued at approximately $204,000. 111 Capital purchased a new stake in BOK Financial in the 4th quarter worth approximately $206,000. Finally, New York State Teachers Retirement System acquired a new position in shares of BOK Financial during the 1st quarter worth approximately $218,000. Institutional investors own 34.44% of the company’s stock.

Analyst Upgrades and Downgrades

BOKF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on BOK Financial from $101.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. Wall Street Zen lowered BOK Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Citigroup upped their price objective on BOK Financial from $97.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Wells Fargo & Company set a $110.00 price target on BOK Financial and gave the stock an “equal weight” rating in a report on Monday, July 28th. Finally, Royal Bank Of Canada upped their price target on BOK Financial from $104.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $112.58.

BOK Financial Trading Up 0.9%

BOK Financial stock opened at $112.40 on Thursday. The stock has a market cap of $7.15 billion, a P/E ratio of 13.46 and a beta of 0.88. The company’s fifty day simple moving average is $102.81 and its 200-day simple moving average is $99.83. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.70. BOK Financial Corporation has a 12 month low of $85.07 and a 12 month high of $121.58.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, July 21st. The bank reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.21. The firm had revenue of $525.50 million during the quarter, compared to analysts’ expectations of $521.80 million. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. During the same period in the prior year, the company posted $2.54 earnings per share. As a group, sell-side analysts forecast that BOK Financial Corporation will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.28 dividend on an annualized basis and a yield of 2.0%. BOK Financial’s payout ratio is currently 27.31%.

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.