Wells Fargo & Company Cuts BOK Financial (NASDAQ:BOKF) Price Target to $100.00

BOK Financial (NASDAQ:BOKF) had its target price decreased by Wells Fargo & Company from $120.00 to $100.00 in a report released on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the bank’s stock.

Several other research analysts have also issued reports on the stock. StockNews.com lowered shares of BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Stephens decreased their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Royal Bank of Canada raised their target price on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Finally, Barclays reduced their target price on shares of BOK Financial from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $117.00.

BOK Financial Price Performance

Shares of BOKF opened at $87.86 on Wednesday. The firm has a market cap of $5.64 billion, a PE ratio of 10.81 and a beta of 0.93. BOK Financial has a twelve month low of $85.02 and a twelve month high of $121.58. The firm’s 50 day moving average price is $103.19 and its 200 day moving average price is $108.26. 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 (NASDAQ:BOKF) last released its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. As a group, research analysts expect that BOK Financial will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.60%. BOK Financial’s dividend payout ratio (DPR) is currently 28.04%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in BOK Financial by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank’s stock worth $260,328,000 after purchasing an additional 11,418 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BOK Financial by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank’s stock valued at $252,526,000 after acquiring an additional 98,588 shares during the period. AQR Capital Management LLC boosted its holdings in BOK Financial by 80.0% in the fourth quarter. AQR Capital Management LLC now owns 414,548 shares of the bank’s stock worth $44,129,000 after acquiring an additional 184,261 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of BOK Financial by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 410,570 shares of the bank’s stock valued at $43,718,000 after buying an additional 5,028 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of BOK Financial by 29.4% during the fourth quarter. Millennium Management LLC now owns 252,779 shares of the bank’s stock valued at $26,908,000 after buying an additional 57,420 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

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.