Carlson Capital L.P. Acquires New Holdings in BOK Financial Co. (NASDAQ:BOKF)

Carlson Capital L.P. bought a new stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,300 shares of the bank's stock, valued at approximately $1,096,000. BOK Financial comprises approximately 0.6% of Carlson Capital L.P.'s holdings, making the stock its 11th biggest holding.

Several other large investors have also recently bought and sold shares of BOKF. Y Intercept Hong Kong Ltd acquired a new position in BOK Financial in the fourth quarter valued at $797,000. Wolverine Asset Management LLC boosted its stake in BOK Financial by 13.5% in the fourth quarter. Wolverine Asset Management LLC now owns 19,256 shares of the bank's stock valued at $2,050,000 after acquiring an additional 2,294 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in BOK Financial in the fourth quarter valued at $447,000. Handelsbanken Fonder AB boosted its stake in BOK Financial by 11.9% in the fourth quarter. Handelsbanken Fonder AB now owns 6,572 shares of the bank's stock valued at $700,000 after acquiring an additional 700 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in BOK Financial in the fourth quarter valued at $2,984,000. Hedge funds and other institutional investors own 34.44% of the company's stock.

BOK Financial Stock Performance

NASDAQ:BOKF traded up $1.34 during mid-day trading on Friday, reaching $108.96. The stock had a trading volume of 173,822 shares, compared to its average volume of 129,495. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 13.40 and a beta of 1.19. BOK Financial Co. has a twelve month low of $83.22 and a twelve month high of $121.58. The business has a 50 day simple moving average of $109.56 and a 200 day simple moving average of $109.06.

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BOK Financial (NASDAQ:BOKF - Get Free Report) last announced 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 net margin of 15.32% and a return on equity of 9.86%. On average, analysts expect 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 issued a $0.57 dividend. 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 2.09%. BOK Financial's dividend payout ratio (DPR) is presently 28.04%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BOKF shares. 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 research note on Wednesday, January 22nd. StockNews.com upgraded shares of BOK Financial from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Stephens decreased their target price 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. Keefe, Bruyette & Woods increased 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. Finally, Wells Fargo & Company increased their target price on shares of BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $116.40.

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.