KLP Kapitalforvaltning AS Takes $514,000 Position in BOK Financial Co. (NASDAQ:BOKF)

KLP Kapitalforvaltning AS 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 & Exchange Commission. The firm acquired 4,827 shares of the bank's stock, valued at approximately $514,000.

Several other institutional investors have also added to or reduced their stakes in BOKF. Picton Mahoney Asset Management bought a new position in shares of BOK Financial in the 4th quarter valued at $30,000. Venturi Wealth Management LLC boosted its stake in BOK Financial by 33.8% in the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock valued at $42,000 after buying an additional 100 shares in the last quarter. US Bancorp DE grew its position in BOK Financial by 12.5% in the fourth 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. KBC Group NV raised its stake in BOK Financial by 32.7% during the fourth quarter. KBC Group NV now owns 1,201 shares of the bank's stock worth $128,000 after acquiring an additional 296 shares in the last quarter. Finally, SageView Advisory Group LLC bought a new position in shares of BOK Financial in the third quarter worth about $200,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BOKF shares. Stephens decreased their price target 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. Barclays decreased their target price on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Tuesday. StockNews.com downgraded shares of BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Finally, Royal Bank of Canada raised their price objective on BOK Financial from $115.00 to $120.00 and gave the company a "sector perform" rating in a report on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $118.20.

BOK Financial Trading Up 0.3 %

NASDAQ:BOKF traded up $0.31 during trading hours on Tuesday, hitting $89.07. 176,240 shares of the company were exchanged, compared to its average volume of 144,153. The company has a fifty day simple moving average of $104.76 and a 200 day simple moving average of $108.69. BOK Financial Co. has a one year low of $85.02 and a one year high of $121.58. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 10.96 and a beta of 0.93. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings data 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 return on equity of 9.86% and a net margin of 15.32%. Sell-side analysts expect that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial's dividend payout ratio is currently 28.04%.

About BOK Financial

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.