Raymond James Financial Services Advisors Inc. decreased its position in shares of BOK Financial Corporation (NASDAQ:BOKF) by 19.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,395 shares of the bank’s stock after selling 1,292 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in BOK Financial were worth $481,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. BB&T Corp raised its stake in BOK Financial by 8.9% during the third quarter. BB&T Corp now owns 15,214 shares of the bank’s stock worth $1,355,000 after purchasing an additional 1,244 shares during the period. Public Employees Retirement System of Ohio raised its stake in BOK Financial by 16.6% during the second quarter. Public Employees Retirement System of Ohio now owns 10,485 shares of the bank’s stock worth $882,000 after purchasing an additional 1,494 shares during the period. 361 Capital LLC purchased a new position in BOK Financial during the second quarter worth approximately $2,255,000. Cubist Systematic Strategies LLC purchased a new position in BOK Financial during the second quarter worth approximately $293,000. Finally, Royal Bank of Canada raised its stake in BOK Financial by 30.1% during the second quarter. Royal Bank of Canada now owns 42,057 shares of the bank’s stock worth $3,539,000 after purchasing an additional 9,739 shares during the period. 31.56% of the stock is currently owned by institutional investors and hedge funds.
BOKF has been the topic of a number of recent analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $89.00 price target on shares of BOK Financial in a research note on Thursday, October 19th. Zacks Investment Research lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. ValuEngine lowered shares of BOK Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub raised shares of BOK Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $86.00 price objective (up previously from $85.00) on shares of BOK Financial in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $90.50.
BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.05). BOK Financial had a return on equity of 9.15% and a net margin of 19.31%. The business had revenue of $394.16 million during the quarter, compared to analyst estimates of $392.05 million. During the same period in the previous year, the company earned $1.13 EPS. research analysts forecast that BOK Financial Corporation will post 5.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.06%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, November 10th. BOK Financial’s dividend payout ratio (DPR) is presently 37.74%.
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About BOK Financial
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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