Ieq Capital LLC Sells 3,605 Shares of BOK Financial Corporation $BOKF

Key Points

• Ieq Capital LLC reduced its stake in BOK Financial Corporation by 12.9%, currently holding $2.54 million worth of the bank's stock.
• Analyst ratings for BOK Financial show a mix of upgrades and downgrades, with a consensus rating of "Hold" and a target price averaging $112.58.
• BOK Financial recently announced a quarterly dividend of $0.57, translating to an annualized yield of 2.0% based on its payout ratio of 27.31%.

Ieq Capital LLC decreased its holdings in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 12.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,423 shares of the bank's stock after selling 3,605 shares during the period. Ieq Capital LLC's holdings in BOK Financial were worth $2,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of BOKF. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of BOK Financial during the 1st quarter valued at approximately $47,000. Versant Capital Management Inc grew its stake in shares of BOK Financial by 1,046.7% during the 1st quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock valued at $143,000 after acquiring an additional 1,256 shares during the period. 111 Capital bought a new position in shares of BOK Financial during the 4th quarter valued at approximately $206,000. New York State Teachers Retirement System bought a new position in BOK Financial in the 1st quarter worth $218,000. Finally, EntryPoint Capital LLC bought a new position in BOK Financial in the 1st quarter worth $225,000. Institutional investors own 34.44% of the company's stock.

BOK Financial Price Performance

Shares of NASDAQ BOKF traded up $0.82 during midday trading on Thursday, reaching $112.88. 94,904 shares of the stock traded hands, compared to its average volume of 192,192. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77. The stock has a market capitalization of $7.18 billion, a PE ratio of 13.53 and a beta of 0.91. BOK Financial Corporation has a one year low of $85.07 and a one year high of $121.58. The company's 50 day moving average is $104.56 and its 200 day moving average is $99.86.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its earnings results on Monday, July 21st. The bank reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.21. The firm had revenue of $525.50 million during the quarter, compared to the consensus estimate of $521.80 million. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%.During the same period in the prior year, the company earned $2.54 EPS. On average, equities research analysts anticipate that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, August 13th. BOK Financial's dividend payout ratio is currently 27.31%.

Analyst Ratings Changes

Several research analysts recently weighed in on BOKF shares. Royal Bank Of Canada upped their target price on shares of BOK Financial from $104.00 to $110.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. DA Davidson upped their target price on shares of BOK Financial from $114.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wall Street Zen downgraded BOK Financial from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Barclays upped their price target on BOK Financial from $110.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Hovde Group upped their price target on BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, BOK Financial currently has a consensus rating of "Hold" and an average target price of $113.83.

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.