Bank of Montreal Can Purchases 5,400 Shares of BOK Financial Co. (NASDAQ:BOKF)

Bank of Montreal Can lifted its position in BOK Financial Co. (NASDAQ:BOKF) by 34.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,250 shares of the bank’s stock after acquiring an additional 5,400 shares during the period. Bank of Montreal Can’s holdings in BOK Financial were worth $1,949,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of BOK Financial by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock worth $199,405,000 after acquiring an additional 125,950 shares in the last quarter. BOKF NA raised its position in shares of BOK Financial by 0.9% in the 4th quarter. BOKF NA now owns 711,535 shares of the bank’s stock worth $60,943,000 after acquiring an additional 6,632 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of BOK Financial by 4,370,260.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock worth $20,025,000 after acquiring an additional 218,513 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of BOK Financial by 11.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock worth $11,567,000 after acquiring an additional 13,175 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its stake in shares of BOK Financial by 85.9% in the 4th quarter. Rafferty Asset Management LLC now owns 52,983 shares of the bank’s stock worth $4,538,000 after buying an additional 24,482 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Up 1.7 %

BOK Financial stock opened at $103.48 on Friday. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 15.08 and a beta of 1.17. The stock has a fifty day simple moving average of $101.92 and a two-hundred day simple moving average of $95.16. BOK Financial Co. has a 12 month low of $62.42 and a 12 month high of $108.01. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27.

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

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Thursday, August 15th. BOK Financial’s payout ratio is currently 32.07%.

Analyst Ratings Changes

A number of research firms recently weighed in on BOKF. Wedbush raised their price objective on BOK Financial from $94.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson raised their price objective on BOK Financial from $97.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Wells Fargo & Company raised their price objective on BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Hovde Group raised their price objective on BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $109.80.

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.