Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 11,669 BOK Financial Co. (NASDAQ:BOKF)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,669 shares of the bank's stock, valued at approximately $1,242,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC grew 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 valued at $42,000 after acquiring an additional 100 shares during the last quarter. CIBC Asset Management Inc grew its stake in BOK Financial by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank's stock valued at $217,000 after acquiring an additional 107 shares during the last quarter. US Bancorp DE grew 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 valued at $116,000 after acquiring an additional 121 shares during the last quarter. Tidal Investments LLC grew its stake in BOK Financial by 1.7% in the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank's stock valued at $933,000 after acquiring an additional 147 shares during the last quarter. Finally, KBC Group NV lifted its holdings in BOK Financial by 25.3% in the 3rd 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. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Trading Down 0.5 %

Shares of BOKF stock traded down $0.55 during trading hours on Friday, hitting $102.02. 340,170 shares of the company were exchanged, compared to its average volume of 141,085. The firm has a market cap of $6.55 billion, a PE ratio of 12.55 and a beta of 1.20. BOK Financial Co. has a 1 year low of $85.02 and a 1 year high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. The firm has a fifty day moving average of $107.91 and a 200 day moving average of $109.10.

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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 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 9.86%. Analysts expect that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently declared 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 was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.23%. BOK Financial's payout ratio is 28.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Wells Fargo & Company upped their target price on shares of BOK Financial from $105.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday, December 3rd. Stephens reduced their target price on shares of BOK Financial from $135.00 to $127.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Royal Bank of Canada upped their target price 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. Finally, Keefe, Bruyette & Woods upped their target price 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. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, BOK Financial presently has a consensus rating of "Hold" and an average price target of $119.11.

BOK Financial Company 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.