Prudential Financial Inc. Purchases Shares of 18,623 BOK Financial Corporation (BOKF)
Prudential Financial Inc. purchased a new position in shares of BOK Financial Corporation (NASDAQ:BOKF) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,623 shares of the bank’s stock, valued at approximately $1,659,000.
Several other hedge funds also recently added to or reduced their stakes in BOKF. Principal Financial Group Inc. raised its position in shares of BOK Financial by 183.1% during the 2nd quarter. Principal Financial Group Inc. now owns 662,251 shares of the bank’s stock worth $55,716,000 after buying an additional 428,292 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of BOK Financial by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,496,617 shares of the bank’s stock worth $210,041,000 after purchasing an additional 73,025 shares during the last quarter. Chicago Equity Partners LLC acquired a new position in shares of BOK Financial in the 2nd quarter worth approximately $5,517,000. Royce & Associates LP grew its stake in shares of BOK Financial by 12.3% in the 2nd quarter. Royce & Associates LP now owns 465,082 shares of the bank’s stock worth $39,127,000 after purchasing an additional 50,789 shares during the last quarter. Finally, Pegasus Partners Ltd. acquired a new position in shares of BOK Financial in the 2nd quarter worth approximately $3,163,000. Institutional investors own 31.56% of the company’s stock.
BOKF has been the topic of several recent research reports. ValuEngine raised shares of BOK Financial from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Zacks Investment Research raised shares of BOK Financial from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Tuesday, September 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $86.00 price objective (up previously from $85.00) on shares of BOK Financial in a research note on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $89.00 price objective on shares of BOK Financial in a research note on Thursday, October 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $90.00 price objective on shares of BOK Financial in a research note on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $90.50.
BOK Financial Corporation (BOKF) opened at $87.37 on Thursday. The firm has a market cap of $5,770.67, a P/E ratio of 18.48, a PEG ratio of 2.06 and a beta of 1.00. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.82. BOK Financial Corporation has a 1 year low of $73.44 and a 1 year high of $92.08.
BOK Financial (NASDAQ:BOKF) last released its earnings results on Wednesday, October 25th. The bank reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.05). The firm had revenue of $394.16 million during the quarter, compared to analysts’ expectations of $392.05 million. BOK Financial had a return on equity of 9.15% and a net margin of 19.31%. During the same period last year, the business earned $1.13 earnings per share. research analysts predict that BOK Financial Corporation will post 5.35 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were given a $0.45 dividend. This is an increase from BOK Financial’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, November 10th. BOK Financial’s dividend payout ratio (DPR) is 37.74%.
BOK Financial Profile
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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