Diamond Hill Capital Management Inc. reduced its position in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 86.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,992 shares of the bank's stock after selling 289,094 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.07% of BOK Financial worth $4,896,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its stake in BOK Financial by 33.8% in 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 in the last quarter. KBC Group NV increased its stake in BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank's stock worth $95,000 after purchasing an additional 183 shares in the last quarter. US Bancorp DE increased its stake in BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after purchasing an additional 121 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in BOK Financial in the 3rd quarter worth about $142,000. Finally, SageView Advisory Group LLC purchased a new position in BOK Financial in the 3rd quarter worth about $200,000. 34.44% of the stock is owned by institutional investors and hedge funds.
BOK Financial Stock Up 0.9 %
Shares of BOK Financial stock traded up $0.90 during trading on Wednesday, hitting $103.55. 107,629 shares of the stock traded hands, compared to its average volume of 140,724. The stock has a market cap of $6.65 billion, a P/E ratio of 12.74 and a beta of 1.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. BOK Financial Co. has a twelve month low of $85.02 and a twelve month high of $121.58. The company has a fifty day moving average price of $108.16 and a two-hundred day moving average price of $109.17.
BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. Equities research analysts predict that BOK Financial Co. will post 8.83 EPS for the current fiscal year.
BOK Financial Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.20%. BOK Financial's dividend payout ratio (DPR) is currently 28.04%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on BOKF. StockNews.com cut BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday. Royal Bank of Canada raised their price objective on BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 22nd. Stephens decreased their price objective on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. Wells Fargo & Company raised their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods raised their price objective on BOK Financial from $112.00 to $125.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $119.11.
View Our Latest Stock Report on BOKF
BOK Financial Company 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.
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