HighTower Advisors LLC Grows Stake in BOK Financial Co. (NASDAQ:BOKF)

HighTower Advisors LLC lifted its holdings in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 166.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,504 shares of the bank's stock after buying an additional 4,692 shares during the period. HighTower Advisors LLC's holdings in BOK Financial were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in BOK Financial in the 4th quarter valued at $6,138,000. Jacobs Levy Equity Management Inc. boosted its position 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 acquiring an additional 48,942 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of BOK Financial by 55.6% in the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank's stock valued at $14,315,000 after purchasing an additional 48,874 shares during the period. Jane Street Group LLC increased 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 during the last quarter. Finally, Ieq Capital LLC purchased a new position in BOK Financial during the fourth quarter worth about $2,984,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Stock Up 0.5 %

Shares of BOKF traded up $0.51 during mid-day trading on Monday, hitting $104.15. 123,206 shares of the company's stock were exchanged, compared to its average volume of 143,582. The stock's 50-day moving average is $107.19 and its 200-day moving average is $109.26. 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 fifty-two week low of $85.02 and a fifty-two week high of $121.58. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 12.81 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its earnings results 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 net margin of 15.32% and a return on equity of 9.86%. On average, sell-side analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

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 dividend on an annualized basis and a yield of 2.19%. BOK Financial's dividend payout ratio (DPR) is presently 28.04%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Stephens cut their price target on shares of BOK Financial from $135.00 to $127.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their target price on BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Royal Bank of Canada upped their price target on 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 downgraded BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.