Neuberger Berman Group LLC lessened its holdings in shares of BOK Financial Corporation (NASDAQ:BOKF) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,729,402 shares of the bank’s stock after selling 53,785 shares during the quarter. Neuberger Berman Group LLC owned 2.64% of BOK Financial worth $154,055,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in BOK Financial during the 3rd quarter worth $101,000. CIBC Asset Management Inc acquired a new stake in shares of BOK Financial in the 3rd quarter valued at about $201,000. BNP Paribas Arbitrage SA raised its stake in shares of BOK Financial by 560.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock valued at $227,000 after purchasing an additional 2,164 shares during the period. D.A. Davidson & CO. raised its stake in shares of BOK Financial by 56.1% in the 2nd quarter. D.A. Davidson & CO. now owns 3,079 shares of the bank’s stock valued at $259,000 after purchasing an additional 1,106 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of BOK Financial in the 2nd quarter valued at about $293,000. 31.56% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on the company. Morgan Stanley lifted their price target on BOK Financial from $85.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday. ValuEngine raised BOK Financial from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Zacks Investment Research downgraded BOK Financial from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Royal Bank of Canada reissued a “hold” rating and issued a $92.00 price target on shares of BOK Financial in a research note on Friday, October 27th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $89.00 price target on shares of BOK Financial in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. BOK Financial currently has a consensus rating of “Hold” and an average price target of $92.13.
BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.05). The company had revenue of $394.16 million during the quarter, compared to the consensus estimate of $392.05 million. BOK Financial had a net margin of 21.77% and a return on equity of 9.84%. During the same quarter in the previous year, the business earned $1.13 EPS. sell-side analysts expect that BOK Financial Corporation will post 5.35 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were issued a $0.45 dividend. This is a boost from BOK Financial’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, November 10th. This represents a $1.80 annualized dividend and a dividend yield of 2.02%. BOK Financial’s dividend payout ratio (DPR) is presently 37.74%.
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BOK Financial Company Profile
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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