Dupont Capital Management Corp Invests $962,000 in BOK Financial Corporation (BOKF)
Dupont Capital Management Corp bought a new stake in BOK Financial Corporation (NASDAQ:BOKF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,800 shares of the bank’s stock, valued at approximately $962,000.
Several other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. boosted its stake in BOK Financial Corporation by 56.1% during the 2nd quarter. D.A. Davidson & CO. now owns 3,079 shares of the bank’s stock worth $259,000 after purchasing an additional 1,106 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in BOK Financial Corporation during the 2nd quarter worth $293,000. UBS Group AG boosted its stake in BOK Financial Corporation by 81.3% during the 1st quarter. UBS Group AG now owns 3,670 shares of the bank’s stock worth $288,000 after purchasing an additional 1,646 shares during the period. Amalgamated Bank boosted its stake in BOK Financial Corporation by 3.2% during the 1st quarter. Amalgamated Bank now owns 3,684 shares of the bank’s stock worth $288,000 after purchasing an additional 115 shares during the period. Finally, Virtu KCG Holdings LLC acquired a new stake in BOK Financial Corporation during the 2nd quarter worth $342,000. Institutional investors and hedge funds own 31.65% of the company’s stock.
A number of analysts recently weighed in on the stock. Stephens set a $95.00 price target on shares of BOK Financial Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Zacks Investment Research cut shares of BOK Financial Corporation from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Morgan Stanley reiterated an “equal weight” rating and set a $86.00 price target (up previously from $85.00) on shares of BOK Financial Corporation in a research note on Wednesday, October 4th. BidaskClub cut shares of BOK Financial Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, ValuEngine cut shares of BOK Financial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. BOK Financial Corporation presently has a consensus rating of “Hold” and a consensus target price of $90.50.
BOK Financial Corporation (NASDAQ:BOKF) opened at $82.54 on Friday. The company has a market cap of $5,415.89, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.90 and a current ratio of 0.91. BOK Financial Corporation has a 12-month low of $73.44 and a 12-month high of $92.08.
BOK Financial Corporation (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $1.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.05). The firm had revenue of $394.16 million for the quarter, compared to analysts’ expectations of $392.05 million. BOK Financial Corporation had a return on equity of 9.15% and a net margin of 19.31%. During the same quarter in the previous year, the company posted $1.13 EPS. sell-side analysts expect that BOK Financial Corporation will post 5.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.80 dividend on an annualized basis and a yield of 2.18%. This is an increase from BOK Financial Corporation’s previous quarterly dividend of $0.44. BOK Financial Corporation’s dividend payout ratio is presently 36.90%.
About BOK Financial Corporation
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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