Hsbc Holdings PLC Makes New Investment in BOK Financial Co. (NASDAQ:BOKF)

Hsbc Holdings PLC bought a new position in BOK Financial Co. (NASDAQ:BOKF - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,397 shares of the bank's stock, valued at approximately $1,434,000.

A number of other large investors have also recently made changes to their positions in the stock. Picton Mahoney Asset Management purchased a new stake in BOK Financial during the fourth quarter valued at $30,000. Venturi Wealth Management LLC boosted its stake in shares of BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock worth $42,000 after purchasing an additional 100 shares during the period. US Bancorp DE grew its stake in shares of BOK Financial by 12.5% during the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank's stock valued at $116,000 after buying an additional 121 shares during the last quarter. Aster Capital Management DIFC Ltd increased its stake in BOK Financial by 538.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock worth $126,000 after buying an additional 997 shares during the period. Finally, KBC Group NV lifted its position in shares of BOK Financial by 32.7% in the 4th 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 period. 34.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BOKF has been the topic of a number of research reports. Wells Fargo & Company cut their price objective on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Hovde Group reduced their price objective on BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. DA Davidson dropped their target price on BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. StockNews.com downgraded BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Finally, Royal Bank of Canada lowered their price target 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. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, BOK Financial presently has an average rating of "Hold" and a consensus target price of $111.60.

BOK Financial Price Performance

Shares of BOKF stock traded up $0.77 during mid-day trading on Thursday, reaching $94.62. The stock had a trading volume of 35,589 shares, compared to its average volume of 156,080. BOK Financial Co. has a 12-month low of $85.08 and a 12-month 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 business has a 50-day simple moving average of $96.79 and a 200 day simple moving average of $106.48. The company has a market cap of $6.08 billion, a P/E ratio of 11.64 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $500.37 million during 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, sell-side analysts anticipate 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 will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.41%. BOK Financial's dividend payout ratio (DPR) is presently 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.