Allspring Global Investments Holdings LLC Has $23.33 Million Stake in BOK Financial Co. (NASDAQ:BOKF)

Allspring Global Investments Holdings LLC raised its stake in BOK Financial Co. (NASDAQ:BOKF) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 218,477 shares of the bank’s stock after buying an additional 379 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BOK Financial were worth $23,329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. KBC Group NV grew its holdings in BOK Financial by 25.3% during the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after buying an additional 183 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in BOK Financial during the 3rd quarter worth $142,000. CWM LLC grew its stake in shares of BOK Financial by 211.8% in the 3rd quarter. CWM LLC now owns 1,456 shares of the bank’s stock worth $152,000 after acquiring an additional 989 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of BOK Financial in the third quarter valued at about $181,000. Finally, SageView Advisory Group LLC bought a new position in shares of BOK Financial during the third quarter valued at about $200,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BOKF shares. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their target price on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. DA Davidson dropped their price target on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Stephens reduced their price objective on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company lifted their target price on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $116.40.

BOK Financial Trading Down 0.1 %

Shares of BOKF opened at $110.57 on Friday. BOK Financial Co. has a fifty-two week low of $81.96 and a fifty-two week high of $121.58. The business has a 50-day moving average of $110.66 and a 200 day moving average of $108.27. The firm has a market cap of $7.09 billion, a P/E ratio of 13.60 and a beta of 1.19. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.96%. As a group, research analysts forecast that BOK Financial Co. will post 8.75 EPS for the current year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $2.28 annualized dividend and a dividend yield of 2.06%. BOK Financial’s dividend payout ratio is currently 28.04%.

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.