BOK Financial Co. (NASDAQ:BOKF) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 98.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 18,184 shares of the bank’s stock after purchasing an additional 9,024 shares during the period. Teacher Retirement System of Texas’ holdings in BOK Financial were worth $1,936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Picton Mahoney Asset Management purchased a new position in shares of BOK Financial during the 4th quarter valued at approximately $30,000. Venturi Wealth Management LLC increased its stake in shares of BOK Financial by 33.8% during the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock worth $42,000 after purchasing an additional 100 shares in the last quarter. US Bancorp DE increased its stake 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 worth $116,000 after purchasing an additional 121 shares in the last quarter. KBC Group NV lifted its stake in BOK Financial by 32.7% in the 4th quarter. KBC Group NV now owns 1,201 shares of the bank’s stock valued at $128,000 after buying an additional 296 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in BOK Financial in the 3rd quarter worth about $200,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BOKF has been the topic of several research reports. Wells Fargo & Company raised their target price on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada boosted their price target on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Keefe, Bruyette & Woods boosted their target price on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Stephens cut their price target on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Six 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.com, BOK Financial currently has an average rating of “Hold” and a consensus price target of $119.11.

BOK Financial Price Performance

BOKF stock opened at $105.27 on Friday. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 12.95 and a beta of 1.20. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. BOK Financial Co. has a 52-week low of $85.02 and a 52-week high of $121.58. The business has a fifty day moving average of $107.55 and a two-hundred day moving average of $109.13.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. As a group, research analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s payout ratio is 28.04%.

About BOK Financial

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.