Millennium Management LLC Acquires 16,108 Shares of BOK Financial Corporation $BOKF

Millennium Management LLC raised its holdings in BOK Financial Corporation (NASDAQ:BOKF) by 6.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 268,887 shares of the bank’s stock after purchasing an additional 16,108 shares during the period. Millennium Management LLC’s holdings in BOK Financial were worth $28,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of BOKF. BI Asset Management Fondsmaeglerselskab A S bought a new stake in BOK Financial in the 1st quarter valued at $47,000. Versant Capital Management Inc increased its holdings in BOK Financial by 1,046.7% in the 1st quarter. Versant Capital Management Inc now owns 1,376 shares of the bank’s stock valued at $143,000 after buying an additional 1,256 shares during the period. 111 Capital bought a new stake in BOK Financial in the 4th quarter valued at $206,000. New York State Teachers Retirement System acquired a new stake in shares of BOK Financial in the 1st quarter valued at $218,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of BOK Financial in the 1st quarter valued at $225,000. Institutional investors own 34.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BOKF. Citigroup boosted their target price on shares of BOK Financial from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Hovde Group boosted their target price on shares of BOK Financial from $110.00 to $123.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Wall Street Zen downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $101.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada lifted their price target on BOK Financial from $104.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, BOK Financial presently has an average rating of “Hold” and a consensus price target of $113.83.

BOK Financial Stock Up 0.8%

Shares of NASDAQ BOKF opened at $111.24 on Friday. The firm’s 50-day simple moving average is $106.01 and its 200 day simple moving average is $99.95. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 13.32 and a beta of 0.91. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.70. BOK Financial Corporation has a 12-month low of $85.07 and a 12-month high of $121.58.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, July 21st. The bank reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.21. The company had revenue of $525.50 million for the quarter, compared to analyst estimates of $521.80 million. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. During the same quarter last year, the firm earned $2.54 EPS. On average, research analysts expect that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, August 13th. BOK Financial’s dividend payout ratio (DPR) is currently 27.31%.

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.