Jefferies Financial Group Inc. bought a new stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,600 shares of the bank's stock, valued at approximately $3,896,000. Jefferies Financial Group Inc. owned approximately 0.06% of BOK Financial at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Picton Mahoney Asset Management acquired a new position in shares of BOK Financial in the 4th quarter valued at $30,000. Venturi Wealth Management LLC boosted its stake in BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock worth $42,000 after purchasing an additional 100 shares during the period. US Bancorp DE boosted its stake in BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after purchasing an additional 121 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in BOK Financial by 538.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock worth $126,000 after purchasing an additional 997 shares during the period. Finally, KBC Group NV boosted its stake in BOK Financial by 32.7% during the 4th quarter. KBC Group NV now owns 1,201 shares of the bank's stock worth $128,000 after purchasing an additional 296 shares during the period. Institutional investors and hedge funds own 34.44% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on BOKF shares. Wells Fargo & Company decreased their price target on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Raymond James set a $105.00 price objective on shares of BOK Financial in a research report on Tuesday, April 22nd. Hovde Group cut their price objective on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Barclays cut their price objective on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, DA Davidson cut their price objective on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, BOK Financial currently has a consensus rating of "Hold" and an average price target of $111.60.
Check Out Our Latest Stock Report on BOKF
BOK Financial Stock Performance
Shares of BOK Financial stock traded up $0.20 during trading on Friday, hitting $97.55. 167,393 shares of the stock were exchanged, compared to its average volume of 158,194. BOK Financial Co. has a 12 month low of $85.08 and a 12 month high of $121.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. The stock has a market cap of $6.27 billion, a PE ratio of 12.00 and a beta of 0.87. The stock's fifty day moving average is $96.01 and its 200 day moving average is $106.04.
BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.15). BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. The firm had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. As a group, sell-side analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current year.
BOK Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial's dividend payout ratio is presently 26.21%.
About BOK Financial
(
Free Report)
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.
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