Treasurer of the State of North Carolina Acquires 34,920 Shares of BOK Financial Co. (NASDAQ:BOKF)

Treasurer of the State of North Carolina lifted its stake in BOK Financial Co. (NASDAQ:BOKF) by 352.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,832 shares of the bank’s stock after buying an additional 34,920 shares during the period. Treasurer of the State of North Carolina’s holdings in BOK Financial were worth $4,772,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in shares of BOK Financial during the 4th quarter worth $30,000. Venturi Wealth Management LLC raised its position in shares of BOK Financial by 33.8% in the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock valued at $42,000 after buying an additional 100 shares in the last quarter. US Bancorp DE lifted its holdings in shares of BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock worth $116,000 after acquiring an additional 121 shares during the period. Aster Capital Management DIFC Ltd boosted its position in shares of BOK Financial by 538.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank’s stock worth $126,000 after acquiring an additional 997 shares in the last quarter. Finally, KBC Group NV raised its position in BOK Financial by 32.7% during the fourth quarter. KBC Group NV now owns 1,201 shares of the bank’s stock valued at $128,000 after purchasing an additional 296 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

Wall Street Analysts Forecast Growth

BOKF has been the topic of several recent analyst reports. Stephens decreased their price target on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Wells Fargo & Company lowered their target price on BOK Financial from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. Barclays reduced their price target on shares of BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. StockNews.com lowered shares of BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Royal Bank of Canada upped their price target on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and four have assigned 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 $117.00.

BOK Financial Trading Up 1.1 %

Shares of BOKF stock opened at $88.87 on Tuesday. The stock has a 50-day moving average of $102.75 and a 200-day moving average of $108.18. BOK Financial Co. has a 1-year low of $85.02 and a 1-year high of $121.58. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 10.93 and a beta of 0.93. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, equities research analysts forecast that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s payout ratio is 28.04%.

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.