Freestone Grove Partners LP Makes New Investment in BOK Financial Co. (NASDAQ:BOKF)

Freestone Grove Partners LP bought a new position in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 204,224 shares of the bank's stock, valued at approximately $21,740,000. Freestone Grove Partners LP owned 0.32% of BOK Financial as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Picton Mahoney Asset Management purchased a new stake in BOK Financial in the 4th quarter worth about $30,000. Venturi Wealth Management LLC lifted 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 worth $42,000 after purchasing an additional 100 shares in the last quarter. US Bancorp DE lifted 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 worth $116,000 after purchasing an additional 121 shares in the last quarter. 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 position in 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 purchasing an additional 296 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Stock Performance

Shares of NASDAQ BOKF traded down $1.01 during trading hours on Monday, hitting $95.03. 158,273 shares of the stock were exchanged, compared to its average volume of 155,571. The firm has a market capitalization of $6.10 billion, a P/E ratio of 11.69 and a beta of 0.93. BOK Financial Co. has a one year low of $85.08 and a one 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 company's 50 day moving average is $97.60 and its 200 day moving average is $106.79.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued 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). BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. The business had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. On average, research analysts expect that BOK Financial Co. will post 8.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BOKF shares. Stephens decreased 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. Raymond James set a $105.00 price objective on BOK Financial in a research report on Tuesday, April 22nd. Hovde Group dropped their target price on BOK Financial from $122.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Barclays reduced their price target on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, 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 on the stock in a research report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $111.60.

BOK Financial 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.