Cibc World Markets Corp Cuts Stock Position in BOK Financial Co. (NASDAQ:BOKF)

Cibc World Markets Corp reduced its stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,105,807 shares of the bank's stock after selling 74,151 shares during the period. BOK Financial makes up approximately 0.7% of Cibc World Markets Corp's investment portfolio, making the stock its 25th biggest holding. Cibc World Markets Corp owned 1.72% of BOK Financial worth $117,713,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in BOK Financial during the fourth quarter valued at $6,138,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of BOK Financial by 28.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank's stock valued at $23,408,000 after purchasing an additional 48,942 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of BOK Financial by 55.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank's stock worth $14,315,000 after acquiring an additional 48,874 shares in the last quarter. Jane Street Group LLC boosted its position in BOK Financial by 309.8% during the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank's stock worth $4,662,000 after purchasing an additional 33,686 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in BOK Financial in the fourth quarter valued at approximately $2,984,000. Hedge funds and other institutional investors own 34.44% of the company's stock.

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BOK Financial Trading Down 0.9 %

BOKF traded down $0.98 during trading hours on Thursday, reaching $102.57. The company's stock had a trading volume of 189,467 shares, compared to its average volume of 140,761. BOK Financial Co. has a fifty-two week low of $85.02 and a fifty-two week 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 stock has a market cap of $6.59 billion, a PE ratio of 12.62 and a beta of 1.20. The business's 50-day moving average is $108.07 and its 200-day moving average is $109.13.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings data 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 return on equity of 9.86% and a net margin of 15.32%. As a group, equities research analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial's payout ratio is 28.04%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BOKF shares. Royal Bank of Canada increased 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. Wells Fargo & Company lifted their price target on BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 3rd. StockNews.com downgraded shares of BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday. Stephens dropped their price objective on shares of BOK Financial from $135.00 to $127.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of BOK Financial from $112.00 to $125.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $119.11.

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.