Squarepoint Ops LLC Boosts Holdings in BOK Financial Co. (NASDAQ:BOKF)

Squarepoint Ops LLC grew its stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,762 shares of the bank's stock after acquiring an additional 5,617 shares during the quarter. Squarepoint Ops LLC's holdings in BOK Financial were worth $1,997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BOKF. SG Americas Securities LLC increased its stake in BOK Financial by 433.0% during the 4th quarter. SG Americas Securities LLC now owns 9,216 shares of the bank's stock valued at $981,000 after purchasing an additional 7,487 shares in the last quarter. KBC Group NV grew its holdings in shares of BOK Financial by 32.7% during the fourth quarter. KBC Group NV now owns 1,201 shares of the bank's stock valued at $128,000 after buying an additional 296 shares during the last quarter. Meritage Portfolio Management acquired a new position in shares of BOK Financial in the 4th quarter valued at $444,000. Entropy Technologies LP purchased a new position in BOK Financial in the 4th quarter worth $671,000. Finally, Sanctuary Advisors LLC lifted its position in BOK Financial by 5.2% during the 4th quarter. Sanctuary Advisors LLC now owns 6,051 shares of the bank's stock worth $672,000 after acquiring an additional 298 shares during the period. 34.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Jefferies Financial Group initiated coverage on BOK Financial in a report on Wednesday, May 21st. They issued a "hold" rating and a $105.00 price objective on the stock. Barclays cut 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 report on Tuesday, April 8th. Hovde Group decreased their price objective 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. Royal Bank of Canada dropped their price objective on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company reduced their target price on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, BOK Financial presently has an average rating of "Hold" and a consensus target price of $111.00.

BOK Financial Stock Performance

BOKF stock traded down $0.14 during midday trading on Monday, hitting $94.28. 305,947 shares of the stock traded hands, compared to its average volume of 162,112. BOK Financial Co. has a 1-year low of $85.08 and a 1-year high of $121.58. 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 stock's fifty day simple moving average is $94.16 and its 200-day simple moving average is $104.53. The firm has a market cap of $6.06 billion, a P/E ratio of 11.60 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). The business had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, analysts expect that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, May 15th. BOK Financial's dividend payout ratio (DPR) is presently 26.21%.

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.