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

Treasurer of the State of North Carolina increased its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 352.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,832 shares of the bank’s stock after purchasing an additional 34,920 shares during the quarter. Treasurer of the State of North Carolina owned 0.07% of BOK Financial worth $4,772,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Prudential Financial Inc. lifted its position in BOK Financial by 68.1% in the 4th quarter. Prudential Financial Inc. now owns 8,170 shares of the bank’s stock valued at $937,000 after acquiring an additional 3,310 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of BOK Financial by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank’s stock worth $260,328,000 after buying an additional 11,418 shares during the period. Raymond James Financial Inc. bought a new position in shares of BOK Financial during the fourth quarter worth about $6,138,000. HighTower Advisors LLC raised its position in BOK Financial by 166.9% in the 4th quarter. HighTower Advisors LLC now owns 7,504 shares of the bank’s stock valued at $799,000 after buying an additional 4,692 shares during the last quarter. Finally, Meritage Portfolio Management acquired a new position in BOK Financial during the 4th quarter worth approximately $444,000. Institutional investors own 34.44% of the company’s stock.

BOK Financial Price Performance

NASDAQ:BOKF opened at $88.87 on Tuesday. The company has a market cap of $5.71 billion, a P/E ratio of 10.93 and a beta of 0.93. The firm’s fifty day moving average price is $102.75 and its two-hundred day moving average price is $108.18. BOK Financial Co. has a one year low of $85.02 and a one year high of $121.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, beating 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%. Equities analysts expect that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.57%. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BOKF shares. StockNews.com downgraded shares of BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Royal Bank of Canada raised their price objective on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Barclays dropped their target price on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Stephens dropped their price objective 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. Finally, Wells Fargo & Company decreased their target price on shares of 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. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $117.00.

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.