VELA Investment Management LLC Increases Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

VELA Investment Management LLC lifted its position in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,707 shares of the bank's stock after purchasing an additional 3,165 shares during the quarter. VELA Investment Management LLC's holdings in BOK Financial were worth $2,311,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BOKF. Venturi Wealth Management LLC raised its holdings in 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 last quarter. KBC Group NV grew its stake in BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank's stock valued at $95,000 after purchasing an additional 183 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in BOK Financial during the third quarter worth $142,000. SageView Advisory Group LLC bought a new position in shares of BOK Financial during the 3rd quarter worth approximately $200,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of BOK Financial during the 3rd quarter worth about $202,000. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Trading Down 3.6 %

Shares of BOKF traded down $3.92 during mid-day trading on Tuesday, reaching $104.83. The company's stock had a trading volume of 94,096 shares, compared to its average volume of 144,324. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. BOK Financial Co. has a 52 week low of $84.52 and a 52 week high of $121.58. The company's fifty day moving average price is $109.56 and its two-hundred day moving average price is $109.22. The stock has a market cap of $6.73 billion, a PE ratio of 12.97 and a beta of 1.19.

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BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a yield of 2.17%. BOK Financial's dividend payout ratio is presently 28.04%.

Analysts Set New Price Targets

Several brokerages recently issued reports on BOKF. Wells Fargo & Company boosted their price target on BOK Financial from $105.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada increased their price target on BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. StockNews.com raised BOK Financial from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Finally, Stephens dropped their price target on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, BOK Financial presently has an average rating of "Hold" and an average target price of $116.40.

About BOK Financial

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.