Algert Global LLC Increases Position in BOK Financial Co. (NASDAQ:BOKF)

Algert Global LLC boosted its position in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 19.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,865 shares of the bank's stock after purchasing an additional 5,272 shares during the period. Algert Global LLC's holdings in BOK Financial were worth $3,392,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BOKF. Venturi Wealth Management LLC boosted its stake in shares of 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. CIBC Asset Management Inc boosted its position in BOK Financial by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank's stock worth $217,000 after purchasing an additional 107 shares during the period. US Bancorp DE increased its holdings 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 purchasing an additional 121 shares during the last quarter. Tidal Investments LLC raised its position in shares of BOK Financial by 1.7% in the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank's stock valued at $933,000 after purchasing an additional 147 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of BOK Financial by 7.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,283 shares of the bank's stock worth $349,000 after buying an additional 218 shares during the last quarter. Institutional investors own 34.44% of the company's stock.

BOK Financial Trading Down 0.4 %

Shares of BOKF stock traded down $0.34 on Friday, hitting $95.35. The company had a trading volume of 162,230 shares, compared to its average volume of 157,488. 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's 50-day moving average is $96.34 and its two-hundred day moving average is $106.28. BOK Financial Co. has a twelve month low of $85.08 and a twelve month high of $121.58. The firm has a market cap of $6.13 billion, a P/E ratio of 11.73 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates 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%. On average, equities research analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.39%. BOK Financial's payout ratio is 26.21%.

Analyst Ratings Changes

Several equities research analysts have issued reports on BOKF shares. Royal Bank of Canada cut their price objective on shares of 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 decreased their price objective on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Raymond James set a $105.00 price objective on BOK Financial in a research report on Tuesday, April 22nd. Barclays decreased their price target on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, 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 report on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $111.60.

BOK Financial Company Profile

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.