Several institutional investors have changed their stakes in BOK Financial (BOKF). Point72 Asia invested about $39,000 in the second quarter. Covestor Ltd increased its holdings by 361.8%, owning 471 shares worth $43,000. Olistico Wealth also bought shares worth $46,000, while Bessemer Group acquired a stake valued at $86,000 in the first quarter. Point72 DIFC Ltd invested about $143,000 in the second quarter. Currently, institutional investors hold 34.44% of BOKF stock.
Analyst Ratings Changes
BOKF has received various updates from analysts. Royal Bank of Canada raised the price target to $114 and rated it “sector perform” on July 24. StockNews.com upgraded it to “hold” on July 26. Hovde Group increased their target from $106 to $122 and rated it “outperform.” Keefe, Bruyette & Woods set their target at $110 with a “market perform” rating. Truist Financial upgraded it from “hold” to “buy,” raising the target to $123. Currently, average ratings show seven “holds” and four “buys,” with a consensus target price of $111.10.
View Our Latest Report on BOKF
BOK Financial Stock Up 1.5%
BOKF stock opened at $110.98. Over the past year, it has ranged from a low of $62.42 to a high of $113.06, with a market cap of $7.16 billion and a P/E ratio of 16.18. Its recent earnings report showed an EPS of $2.54, surpassing estimates of $1.89, with revenue of $871.84 million. Analysts forecast BOKF will have an EPS of 7.85 for the current year.
BOK Financial Announces Dividend
On August 30, BOK Financial paid a quarterly dividend of $0.55 per share, amounting to an annual dividend of $2.20, resulting in a 1.98% yield. The dividend payout ratio is 32.07%.
Company Profile
BOK Financial Corporation provides financial services across various states, operating through commercial banking, consumer banking, and wealth management segments.
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