Northern Trust Corp Buys 7,605 Shares of BOK Financial Co. (NASDAQ:BOKF)

Northern Trust Corp increased its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,717 shares of the bank’s stock after acquiring an additional 7,605 shares during the quarter. Northern Trust Corp owned about 0.23% of BOK Financial worth $15,512,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Picton Mahoney Asset Management bought a new position in shares of BOK Financial during the fourth quarter worth $30,000. Venturi Wealth Management LLC lifted its holdings in BOK Financial by 33.8% during the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock worth $42,000 after acquiring an additional 100 shares in the last quarter. US Bancorp DE lifted its holdings in BOK Financial by 12.5% during the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock worth $116,000 after acquiring an additional 121 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in BOK Financial by 538.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank’s stock worth $126,000 after acquiring an additional 997 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of BOK Financial by 32.7% during the 4th quarter. KBC Group NV now owns 1,201 shares of the bank’s stock valued at $128,000 after purchasing an additional 296 shares in the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Performance

NASDAQ BOKF opened at $98.16 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The firm’s fifty day moving average price is $96.04 and its two-hundred day moving average price is $106.11. BOK Financial Co. has a 1 year low of $85.08 and a 1 year high of $121.58. The firm has a market capitalization of $6.31 billion, a P/E ratio of 12.07 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.15). The firm had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. As a group, research analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current 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 paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial’s dividend payout ratio (DPR) is presently 26.21%.

Wall Street Analyst Weigh In

BOKF has been the topic of several recent analyst reports. Barclays cut their price objective 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. Stephens cut their price target on shares of BOK Financial from $124.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company cut their price objective on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada cut their price objective on shares of BOK Financial from $119.00 to $104.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 23rd. Finally, StockNews.com lowered BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $111.60.

About BOK Financial

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.