Raymond James Financial Inc. bought a new stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 57,664 shares of the bank's stock, valued at approximately $6,138,000. Raymond James Financial Inc. owned 0.09% of BOK Financial at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Picton Mahoney Asset Management purchased a new stake in shares of BOK Financial during the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC grew its holdings in BOK Financial by 33.8% in 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 last quarter. US Bancorp DE increased its position in shares of BOK Financial by 12.5% in the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank's stock valued at $116,000 after acquiring an additional 121 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in shares of BOK Financial by 538.9% during the fourth 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 grew its stake in shares of BOK Financial by 32.7% in the fourth 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 last quarter. 34.44% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
BOKF has been the subject of several research analyst reports. Raymond James set a $105.00 price objective on BOK Financial in a report on Tuesday, April 22nd. StockNews.com downgraded shares of BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. DA Davidson dropped their target price 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. Royal Bank of Canada dropped their price target on BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company lowered their price objective on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $111.60.
Check Out Our Latest Report on BOKF
BOK Financial Stock Performance
Shares of BOKF traded down $0.83 during trading hours on Wednesday, hitting $93.17. The stock had a trading volume of 324,384 shares, compared to its average volume of 154,427. BOK Financial Co. has a 12 month low of $85.08 and a 12 month high of $121.58. The stock has a fifty day moving average price of $98.09 and a 200 day moving average price of $107.10. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. The firm has a market capitalization of $5.98 billion, a PE ratio of 11.46 and a beta of 0.93.
BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $1.86 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 the consensus estimate of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current year.
BOK Financial Profile
(
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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