Voya Investment Management LLC Sells 197 Shares of BOK Financial Co. (NASDAQ:BOKF)

Voya Investment Management LLC decreased its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,755 shares of the bank’s stock after selling 197 shares during the period. Voya Investment Management LLC’s holdings in BOK Financial were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of BOK Financial by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank’s stock valued at $260,328,000 after purchasing an additional 11,418 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in BOK Financial by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank’s stock worth $252,526,000 after acquiring an additional 98,588 shares in the last quarter. Geode Capital Management LLC boosted its holdings in BOK Financial by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 410,570 shares of the bank’s stock worth $43,718,000 after acquiring an additional 5,028 shares in the last quarter. Norges Bank bought a new position in BOK Financial in the fourth quarter worth approximately $23,516,000. Finally, First Trust Advisors LP boosted its holdings in BOK Financial by 51.7% in the fourth quarter. First Trust Advisors LP now owns 158,637 shares of the bank’s stock worth $16,887,000 after acquiring an additional 54,075 shares in the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $98.76 on Tuesday. The company has a market cap of $6.35 billion, a PE ratio of 12.15 and a beta of 0.87. BOK Financial Co. has a 52 week low of $85.08 and a 52 week high of $121.58. The business has a 50 day moving average price of $96.21 and a 200-day moving average price of $106.22. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.15). The business had revenue of $500.37 million for the quarter, compared to analysts’ expectations of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Equities analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 15th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial’s payout ratio is 26.21%.

Analyst Ratings Changes

Several research analysts have issued reports on BOKF shares. DA Davidson cut their price target on BOK Financial from $122.00 to $114.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Hovde Group cut their price target on BOK Financial from $122.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Stephens cut their price target on BOK Financial from $124.00 to $110.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 23rd. Barclays cut their price target on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company cut their price target on BOK Financial from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $111.60.

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.