Norges Bank Makes New Investment in BOK Financial Co. (NASDAQ:BOKF)

Norges Bank bought a new stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 220,915 shares of the bank's stock, valued at approximately $23,516,000. Norges Bank owned 0.34% of BOK Financial as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in BOK Financial by 33.7% during the third quarter. BNP Paribas Financial Markets now owns 4,781 shares of the bank's stock valued at $500,000 after purchasing an additional 1,204 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of BOK Financial by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,609 shares of the bank's stock valued at $8,643,000 after buying an additional 564 shares during the period. Centiva Capital LP bought a new position in shares of BOK Financial during the 3rd quarter valued at $440,000. Quantinno Capital Management LP boosted its stake in shares of BOK Financial by 70.6% in the 3rd quarter. Quantinno Capital Management LP now owns 6,987 shares of the bank's stock worth $731,000 after buying an additional 2,891 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of BOK Financial in the third quarter worth $472,000. Hedge funds and other institutional investors own 34.44% of the company's stock.

Analyst Ratings Changes

BOKF has been the topic of a number of recent research reports. Stephens lowered their target price on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. StockNews.com cut shares of BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Barclays cut their target price on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday. Royal Bank of Canada increased their price target on shares of BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company cut their price objective on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $117.00.

BOK Financial Price Performance

Shares of BOKF traded down $0.27 during trading hours on Friday, reaching $87.86. 231,760 shares of the stock traded hands, compared to its average volume of 148,117. BOK Financial Co. has a 52-week low of $85.02 and a 52-week high of $121.58. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The company has a market cap of $5.64 billion, a P/E ratio of 10.81 and a beta of 0.93. The company's 50-day moving average price is $103.19 and its two-hundred day moving average price is $108.26.

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 the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. On average, analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.60%. BOK Financial's payout ratio is 28.04%.

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.