Jefferies Financial Group Inc. Acquires Shares of 36,600 BOK Financial Co. (NASDAQ:BOKF)

Jefferies Financial Group Inc. acquired a new position in BOK Financial Co. (NASDAQ:BOKF - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.

A number of other large investors have also recently bought and sold shares of the business. Picton Mahoney Asset Management acquired a new stake in shares of BOK Financial in the fourth quarter valued at about $30,000. True Wealth Design LLC grew its position in shares of BOK Financial by 66.9% in the fourth quarter. True Wealth Design LLC now owns 282 shares of the bank's stock valued at $30,000 after purchasing an additional 113 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of BOK Financial by 33.8% in the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. US Bancorp DE grew 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 purchasing an additional 121 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in shares of BOK Financial by 538.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock valued at $126,000 after purchasing an additional 997 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BOKF shares. Royal Bank of Canada lowered 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. Stephens reduced their target price on shares of BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. DA Davidson reduced 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 note on Wednesday, April 23rd. Wall Street Zen cut shares of BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Hovde Group reduced their target price on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $111.00.

BOK Financial Price Performance

NASDAQ:BOKF traded up $0.02 during mid-day trading on Friday, hitting $94.63. The company's stock had a trading volume of 305,862 shares, compared to its average volume of 161,535. BOK Financial Co. has a fifty-two week low of $85.08 and a fifty-two week 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. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 11.64 and a beta of 0.87. The stock has a fifty day moving average of $94.38 and a 200-day moving average of $104.74.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $500.37 million during 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%. As a group, equities analysts forecast 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 was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Thursday, May 15th. BOK Financial's payout ratio is 26.21%.

About BOK Financial

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.