Point72 Asia Singapore Pte. Ltd. Acquires Shares of 424 BOK Financial Co. (NASDAQ:BOKF)

Point72 Asia Singapore Pte. Ltd. bought a new position in BOK Financial Co. (NASDAQ:BOKF) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 424 shares of the bank’s stock, valued at approximately $39,000.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in BOK Financial by 4,370,260.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock worth $20,025,000 after buying an additional 218,513 shares during the period. 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. Edgestream Partners L.P. purchased a new position in shares of BOK Financial in the 2nd quarter valued at approximately $3,429,000. Rafferty Asset Management LLC boosted its position 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 in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in BOK Financial by 71.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after purchasing an additional 15,626 shares during the period. Institutional investors own 34.44% of the company’s stock.

BOK Financial Price Performance

NASDAQ BOKF opened at $104.62 on Tuesday. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 15.25 and a beta of 1.18. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a 50-day moving average of $102.18 and a 200 day moving average of $94.97. BOK Financial Co. has a one year low of $62.42 and a one year high of $108.01.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.65. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. The business had revenue of $871.84 million during the quarter, compared to analysts’ expectations of $520.43 million. During the same quarter in the prior year, the business posted $2.27 earnings per share. On average, sell-side analysts forecast that BOK Financial Co. will post 7.78 EPS for the current year.

BOK Financial Announces Dividend

The firm also recently declared 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. The ex-dividend date was Thursday, August 15th. This represents a $2.20 dividend on an annualized basis and a yield of 2.10%. BOK Financial’s dividend payout ratio is presently 32.07%.

Analyst Ratings Changes

A number of brokerages have recently commented on BOKF. StockNews.com upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Stephens reissued an “equal weight” rating and set a $104.00 price objective on shares of BOK Financial in a research note on Tuesday, July 23rd. Royal Bank of Canada raised their target price on shares of BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th. DA Davidson boosted their price target on BOK Financial from $97.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, 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. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $109.10.

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.