BOK Financial Corporation $BOKF Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System increased its position in shares of BOK Financial Corporation (NASDAQ:BOKF) by 48.0% in the 1st quarter, HoldingsChannel reports. The firm owned 30,945 shares of the bank’s stock after purchasing an additional 10,030 shares during the period. California State Teachers Retirement System’s holdings in BOK Financial were worth $3,963,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Isthmus Partners LLC acquired a new position in BOK Financial during the 4th quarter worth approximately $1,775,000. M&T Bank Corp lifted its holdings in shares of BOK Financial by 1,397.2% in the 4th quarter. M&T Bank Corp now owns 30,767 shares of the bank’s stock valued at $3,645,000 after buying an additional 28,712 shares during the period. SG Americas Securities LLC boosted its stake in shares of BOK Financial by 352.3% in the first quarter. SG Americas Securities LLC now owns 24,026 shares of the bank’s stock valued at $3,077,000 after buying an additional 18,714 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of BOK Financial in the fourth quarter valued at approximately $957,000. Finally, Norges Bank acquired a new position in BOK Financial during the fourth quarter worth $32,755,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup reiterated a “neutral” rating on shares of BOK Financial in a research report on Thursday, July 23rd. Raymond James Financial lowered shares of BOK Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 1st. Wells Fargo & Company upped their price target on shares of BOK Financial from $130.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Benchmark initiated coverage on shares of BOK Financial in a report on Wednesday, June 24th. They issued a “hold” rating for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, BOK Financial has an average rating of “Hold” and an average target price of $139.45.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $143.80 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.81 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average price is $137.13 and its 200 day moving average price is $132.92. BOK Financial Corporation has a 52 week low of $99.88 and a 52 week high of $146.21. The stock has a market cap of $8.74 billion, a price-to-earnings ratio of 13.55 and a beta of 0.80.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). The business had revenue of $602.54 million for the quarter, compared to analyst estimates of $568.08 million. BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.19 EPS. As a group, research analysts forecast that BOK Financial Corporation will post 10.32 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 19th. BOK Financial’s payout ratio is 23.75%.

Insider Activity

In related news, EVP Brad A. Vincent sold 4,015 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $145.42, for a total transaction of $583,861.30. Following the sale, the executive vice president owned 6,031 shares of the company’s stock, valued at $877,028.02. This trade represents a 39.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 63.53% of the stock is owned by corporate insiders.

BOK Financial Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.