Jefferies Financial Group Inc. purchased a new position in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 36,600 shares of the bank's stock, valued at approximately $3,896,000. Jefferies Financial Group Inc. owned about 0.06% of BOK Financial as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management purchased a new position in BOK Financial during the 4th quarter worth approximately $30,000. Venturi Wealth Management LLC lifted its position 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 acquiring an additional 100 shares during the period. US Bancorp DE lifted its position 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 acquiring an additional 121 shares during the period. Aster Capital Management DIFC Ltd lifted its position 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 acquiring an additional 997 shares during the period. Finally, KBC Group NV lifted its position 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 acquiring an additional 296 shares during the period. Hedge funds and other institutional investors own 34.44% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on BOKF. Barclays decreased their price objective on 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. StockNews.com cut BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Royal Bank of Canada decreased their price objective on BOK Financial from $119.00 to $104.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Finally, DA Davidson reduced their price target on BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $111.60.
Read Our Latest Stock Analysis on BOKF
BOK Financial Price Performance
Shares of BOKF traded up $0.20 during mid-day trading on Friday, hitting $97.55. The company's stock had a trading volume of 167,393 shares, compared to its average volume of 158,833. The firm has a 50-day simple moving average of $95.98 and a 200 day simple moving average of $105.96. The firm has a market capitalization of $6.27 billion, a P/E ratio of 12.00 and a beta of 0.87. BOK Financial Co. has a 1-year low of $85.08 and a 1-year high of $121.58. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57.
BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.15). The firm had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. Analysts predict that BOK Financial Co. will post 8.83 EPS for the current fiscal year.
BOK Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 15th will be issued a dividend of $0.57 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.28 annualized dividend and a yield of 2.34%. 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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