Teacher Retirement System of Texas Purchases 9,024 Shares of BOK Financial Co. (NASDAQ:BOKF)

Teacher Retirement System of Texas increased its holdings in BOK Financial Co. (NASDAQ:BOKF) by 98.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,184 shares of the bank’s stock after acquiring an additional 9,024 shares during the quarter. Teacher Retirement System of Texas’ holdings in BOK Financial were worth $1,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in BOK Financial by 8.7% during the fourth quarter. Parallel Advisors LLC now owns 6,399 shares of the bank’s stock valued at $681,000 after buying an additional 510 shares during the period. Picton Mahoney Asset Management purchased a new position in shares of BOK Financial in the 4th quarter valued at $30,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of BOK Financial in the 4th quarter worth $1,242,000. HighTower Advisors LLC lifted its position in shares of BOK Financial by 166.9% during the fourth quarter. HighTower Advisors LLC now owns 7,504 shares of the bank’s stock valued at $799,000 after buying an additional 4,692 shares during the last quarter. Finally, King Luther Capital Management Corp raised its stake in shares of BOK Financial by 15.2% during the 4th quarter. King Luther Capital Management Corp now owns 9,475 shares of the bank’s stock worth $1,009,000 after acquiring an additional 1,250 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BOKF has been the topic of several analyst reports. StockNews.com lowered shares of BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Royal Bank of Canada upped their target price on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Stephens cut their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price target on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $119.11.

BOK Financial Price Performance

NASDAQ:BOKF opened at $105.27 on Friday. The firm’s fifty day moving average is $107.55 and its two-hundred day moving average is $109.13. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 12.95 and a beta of 1.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. BOK Financial Co. has a one year low of $85.02 and a one year high of $121.58.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. Research analysts expect that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) is 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.