Arizona State Retirement System Lowers Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

Arizona State Retirement System trimmed its position in BOK Financial Co. (NASDAQ:BOKF) by 22.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,504 shares of the bank’s stock after selling 1,856 shares during the quarter. Arizona State Retirement System’s holdings in BOK Financial were worth $692,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC lifted its holdings in shares of BOK Financial by 33.8% in the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock worth $42,000 after buying an additional 100 shares in the last quarter. KBC Group NV increased its position in shares of BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares during the last quarter. US Bancorp DE increased its position in shares of BOK Financial by 12.5% in the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock worth $116,000 after purchasing an additional 121 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of BOK Financial in the third quarter worth approximately $142,000. Finally, SageView Advisory Group LLC bought a new position in shares of BOK Financial in the third quarter worth approximately $200,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BOKF shares. Keefe, Bruyette & Woods upped their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Royal Bank of Canada increased their price target on shares of BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company increased their price target on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Stephens reduced their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Finally, StockNews.com upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, BOK Financial currently has a consensus rating of “Moderate Buy” and an average target price of $119.11.

BOK Financial Stock Up 2.9 %

Shares of BOK Financial stock opened at $101.93 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. BOK Financial Co. has a 52-week low of $85.02 and a 52-week high of $121.58. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 12.54 and a beta of 1.20. The company’s 50 day moving average price is $108.40 and its 200-day moving average price is $109.11.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Equities research analysts forecast that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s payout ratio is 28.04%.

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.