Trexquant Investment LP lifted its stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 187.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,933 shares of the bank's stock after purchasing an additional 16,270 shares during the period. Trexquant Investment LP's holdings in BOK Financial were worth $2,654,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of BOKF. Vanguard Group Inc. raised its holdings in shares of BOK Financial by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank's stock valued at $260,328,000 after acquiring an additional 11,418 shares during the last quarter. Geode Capital Management LLC raised its stake in BOK Financial by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 410,570 shares of the bank's stock valued at $43,718,000 after purchasing an additional 5,028 shares during the last quarter. Norges Bank purchased a new position in BOK Financial in the 4th quarter valued at $23,516,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in BOK Financial by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,609 shares of the bank's stock worth $8,643,000 after purchasing an additional 564 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of BOK Financial during the fourth quarter worth $6,138,000. Institutional investors and hedge funds own 34.44% of the company's stock.
BOK Financial Price Performance
Shares of BOKF traded down $0.27 during mid-day trading on Friday, reaching $87.86. 231,760 shares of the company's stock were exchanged, compared to its average volume of 148,117. BOK Financial Co. has a 52-week low of $85.02 and a 52-week high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. The company has a 50-day simple moving average of $103.19 and a two-hundred day simple moving average of $108.26. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 10.81 and a beta of 0.93.
BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. On average, sell-side analysts predict that BOK Financial Co. will post 8.83 EPS for the current fiscal year.
BOK Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.60%. BOK Financial's payout ratio is currently 28.04%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Stephens lowered their price target on shares of BOK Financial from $135.00 to $127.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company lowered their target price on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday. Barclays cut 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. Royal Bank of Canada upped their price objective on shares of BOK Financial from $115.00 to $120.00 and gave the company a "sector perform" rating in a report on Wednesday, January 22nd. Finally, StockNews.com downgraded shares of BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $117.00.
Get Our Latest Stock Analysis on BOKF
BOK Financial Profile
(
Free Report)
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.
Featured Articles
Before you consider BOK Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BOK Financial wasn't on the list.
While BOK Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
