Oppenheimer Asset Management Inc. Has $1.11 Million Stock Position in BOK Financial Co. (NASDAQ:BOKF)

Oppenheimer Asset Management Inc. lessened its holdings in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,428 shares of the bank's stock after selling 3,693 shares during the period. Oppenheimer Asset Management Inc.'s holdings in BOK Financial were worth $1,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BOKF. Venturi Wealth Management LLC boosted its position in BOK Financial by 33.8% during the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. KBC Group NV boosted its position in BOK Financial by 25.3% during the third quarter. KBC Group NV now owns 905 shares of the bank's stock valued at $95,000 after purchasing an additional 183 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in BOK Financial during the third quarter valued at $142,000. SageView Advisory Group LLC acquired a new stake in BOK Financial during the third quarter valued at $200,000. Finally, CIBC Asset Management Inc acquired a new stake in BOK Financial during the third quarter valued at $202,000. Institutional investors and hedge funds own 34.44% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BOKF shares. Wells Fargo & Company raised their target price on BOK Financial from $105.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their target price on BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Royal Bank of Canada raised their target price on BOK Financial from $115.00 to $120.00 and gave the company a "sector perform" rating in a report on Wednesday, January 22nd. Stephens cut 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. Finally, StockNews.com upgraded BOK Financial from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $116.40.

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BOK Financial Stock Performance

Shares of BOK Financial stock traded down $0.28 during trading on Friday, reaching $102.44. The company's stock had a trading volume of 96,101 shares, compared to its average volume of 143,538. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. The business's fifty day moving average price is $109.23 and its 200-day moving average price is $109.18. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 12.60 and a beta of 1.20. BOK Financial Co. has a one year low of $85.02 and a one year high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share 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%. As a group, equities research analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial's dividend payout ratio (DPR) is presently 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.