Cibc World Market Inc. Trims Stock Position in BOK Financial Co. (NASDAQ:BOKF)

Cibc World Market Inc. decreased its position in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 817,000 shares of the bank's stock after selling 250,000 shares during the period. Cibc World Market Inc. owned 1.27% of BOK Financial worth $86,970,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BOK Financial during the 2nd quarter valued at approximately $39,000. KBC Group NV increased its position in BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank's stock worth $95,000 after buying an additional 183 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of BOK Financial in the third quarter valued at $142,000. CWM LLC lifted its position in shares of BOK Financial by 211.8% during the 3rd quarter. CWM LLC now owns 1,456 shares of the bank's stock valued at $152,000 after buying an additional 989 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of BOK Financial during the 3rd quarter worth $181,000. Institutional investors own 34.44% of the company's stock.

BOK Financial Price Performance

NASDAQ BOKF traded up $1.52 during trading on Tuesday, reaching $109.55. The company's stock had a trading volume of 142,255 shares, compared to its average volume of 137,872. The firm has a fifty day moving average of $112.10 and a 200 day moving average of $107.93. BOK Financial Co. has a one year low of $78.99 and a one year high of $121.58. The stock has a market capitalization of $7.02 billion, a PE ratio of 13.47 and a beta of 1.19. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings data 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 net margin of 15.32% and a return on equity of 9.96%. Analysts expect that BOK Financial Co. will post 8.71 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a $0.57 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a yield of 2.08%. BOK Financial's dividend payout ratio is presently 28.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com raised shares of BOK Financial from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Royal Bank of Canada raised their price objective on shares of BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 22nd. DA Davidson reduced their price objective on shares of BOK Financial from $124.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company increased their target price 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, Wedbush reiterated a "neutral" rating and issued a $115.00 price target on shares of BOK Financial in a research report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $116.40.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the sale, the director now owns 44,709 shares of the company's stock, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 59.72% of the company's stock.

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.