Graham Capital Management L.P. Makes New Investment in BOK Financial Co. (NASDAQ:BOKF)

Graham Capital Management L.P. bought a new position in BOK Financial Co. (NASDAQ:BOKF - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,179 shares of the bank's stock, valued at approximately $338,000.

A number of other large investors have also recently bought and sold shares of BOKF. USA Financial Formulas acquired a new stake in shares of BOK Financial in the fourth quarter worth approximately $319,000. Merit Financial Group LLC purchased a new position in BOK Financial in the 4th quarter valued at approximately $256,000. SG Americas Securities LLC grew its holdings in BOK Financial by 433.0% during the 4th quarter. SG Americas Securities LLC now owns 9,216 shares of the bank's stock worth $981,000 after acquiring 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 worth $128,000 after purchasing an additional 296 shares during the last quarter. Finally, Meritage Portfolio Management purchased a new stake in shares of BOK Financial during the fourth quarter worth approximately $444,000. Hedge funds and other institutional investors own 34.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BOKF. Barclays decreased their target price on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada dropped their target price 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. Stephens reduced their price objective on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Raymond James set a $105.00 target price on shares of BOK Financial in a research report on Tuesday, April 22nd. Finally, Hovde Group cut their price target on BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $111.00.

BOK Financial Trading Up 0.0%

NASDAQ BOKF traded up $0.04 on Thursday, hitting $93.58. 37,985 shares of the stock were exchanged, compared to its average volume of 168,650. BOK Financial Co. has a 52-week low of $85.07 and a 52-week high of $121.58. The company's 50-day moving average price is $95.71 and its two-hundred day moving average price is $105.76. 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 has a market capitalization of $6.01 billion, a price-to-earnings ratio of 11.51 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). The company 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%. Research analysts predict that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial's payout ratio is 26.21%.

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.