Norges Bank bought a new stake in shares of BOK Financial Co. (NASDAQ:BOKF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 351,207 shares of the bank’s stock, valued at approximately $25,754,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. George Kaiser Family Foundation raised its position in BOK Financial by 23.4% during the fourth quarter. George Kaiser Family Foundation now owns 3,466,120 shares of the bank’s stock valued at $254,171,000 after buying an additional 656,365 shares during the period. Vanguard Group Inc raised its position in BOK Financial by 2.0% during the third quarter. Vanguard Group Inc now owns 2,653,428 shares of the bank’s stock valued at $258,125,000 after buying an additional 52,210 shares during the period. Vanguard Group Inc. raised its position in BOK Financial by 2.0% during the third quarter. Vanguard Group Inc. now owns 2,653,428 shares of the bank’s stock valued at $258,125,000 after buying an additional 52,210 shares during the period. BlackRock Inc. raised its position in BOK Financial by 18.1% during the fourth quarter. BlackRock Inc. now owns 1,538,880 shares of the bank’s stock valued at $112,845,000 after buying an additional 236,073 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in BOK Financial by 17.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 752,523 shares of the bank’s stock valued at $55,183,000 after buying an additional 112,299 shares during the period. 39.24% of the stock is owned by institutional investors and hedge funds.
Shares of BOKF stock opened at $86.29 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.44. BOK Financial Co. has a fifty-two week low of $69.96 and a fifty-two week high of $106.65. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.80 and a beta of 1.22.
BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, January 30th. The bank reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.05). BOK Financial had a return on equity of 12.04% and a net margin of 24.15%. The firm had revenue of $422.14 million during the quarter, compared to analyst estimates of $423.33 million. During the same period in the previous year, the company earned $1.29 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities research analysts expect that BOK Financial Co. will post 7.36 earnings per share for the current fiscal year.
In other news, Director George B. Kaiser bought 3,000 shares of the company’s stock in a transaction on Thursday, February 7th. The shares were bought at an average cost of $85.83 per share, with a total value of $257,490.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 54.90% of the company’s stock.
BOKF has been the topic of several recent analyst reports. BidaskClub lowered BOK Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 26th. ValuEngine lowered BOK Financial from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. SunTrust Banks upped their price target on BOK Financial to $92.00 and gave the company a “hold” rating in a research report on Thursday, January 31st. They noted that the move was a valuation call. Zacks Investment Research raised BOK Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Co dropped their price target on BOK Financial from $100.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, January 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $102.95.
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.
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