BOK Financial Co. (NASDAQ:BOKF) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. raised its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,056 shares of the bank’s stock after buying an additional 225 shares during the period. American Century Companies Inc.’s holdings in BOK Financial were worth $1,471,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in BOK Financial during the fourth quarter valued at approximately $27,170,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of BOK Financial by 14.5% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 113,053 shares of the bank’s stock valued at $10,401,000 after purchasing an additional 14,289 shares during the period. Rafferty Asset Management LLC raised its stake in shares of BOK Financial by 85.9% during the fourth quarter. Rafferty Asset Management LLC now owns 52,983 shares of the bank’s stock valued at $4,538,000 after purchasing an additional 24,482 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of BOK Financial by 71.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock valued at $3,168,000 after purchasing an additional 15,626 shares during the period. Finally, Sei Investments Co. purchased a new stake in shares of BOK Financial during the first quarter valued at approximately $468,000. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Trading Up 0.2 %

BOKF opened at $104.38 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $6.73 billion, a PE ratio of 15.22 and a beta of 1.18. The firm has a 50-day moving average price of $102.22 and a two-hundred day moving average price of $94.84. BOK Financial Co. has a 1-year low of $62.42 and a 1-year high of $108.01.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.65. The firm had revenue of $871.84 million during the quarter, compared to analyst estimates of $520.43 million. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. During the same period last year, the company earned $2.27 earnings per share. As a group, equities analysts anticipate that BOK Financial Co. will post 7.78 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Thursday, August 15th. BOK Financial’s dividend payout ratio (DPR) is currently 32.07%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BOKF. Stephens reiterated an “equal weight” rating and issued a $104.00 price target on shares of BOK Financial in a research report on Tuesday, July 23rd. Hovde Group boosted their price target on BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Truist Financial raised BOK Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. Keefe, Bruyette & Woods upped their target price on BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, Wedbush raised their price objective on shares of BOK Financial from $94.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, BOK Financial has a consensus rating of “Hold” and a consensus price target of $109.10.

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.