Cwm LLC Buys 989 Shares of BOK Financial Co. (NASDAQ:BOKF)

Cwm LLC raised its stake in BOK Financial Co. (NASDAQ:BOKF) by 211.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,456 shares of the bank’s stock after purchasing an additional 989 shares during the quarter. Cwm LLC’s holdings in BOK Financial were worth $152,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in BOK Financial by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock worth $199,405,000 after buying an additional 125,950 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of BOK Financial by 4,370,260.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock worth $20,025,000 after acquiring an additional 218,513 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of BOK Financial by 11.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock valued at $11,567,000 after purchasing an additional 13,175 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of BOK Financial by 23.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 39,174 shares of the bank’s stock valued at $3,604,000 after purchasing an additional 7,412 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in BOK Financial by 71.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after purchasing an additional 15,626 shares during the period. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on BOKF shares. Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $112.00 to $123.00 in a research report on Friday, September 20th. DA Davidson dropped their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a research note on Tuesday. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada raised their target price on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, BOK Financial presently has a consensus rating of “Hold” and a consensus target price of $111.90.

BOK Financial Stock Up 0.1 %

Shares of BOK Financial stock opened at $108.01 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27. BOK Financial Co. has a 12-month low of $62.42 and a 12-month high of $114.93. The company has a market cap of $6.97 billion, a P/E ratio of 15.74 and a beta of 1.17. The company’s fifty day simple moving average is $104.68 and its two-hundred day simple moving average is $97.13.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.20. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The company had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. During the same quarter in the previous year, the company earned $2.04 earnings per share. Research analysts anticipate that BOK Financial Co. will post 7.85 EPS for the current year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.04%. BOK Financial’s dividend payout ratio (DPR) is 32.07%.

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.