Raymond James Financial Inc. bought a new stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 57,664 shares of the bank's stock, valued at approximately $6,138,000. Raymond James Financial Inc. owned 0.09% of BOK Financial at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Aigen Investment Management LP acquired a new position in shares of BOK Financial in the fourth quarter worth $275,000. Victory Capital Management Inc. increased its position in BOK Financial by 85.3% in the 4th quarter. Victory Capital Management Inc. now owns 9,245 shares of the bank's stock worth $984,000 after purchasing an additional 4,256 shares during the last quarter. US Bancorp DE raised its stake in shares of BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after purchasing an additional 121 shares in the last quarter. VELA Investment Management LLC lifted its holdings in shares of BOK Financial by 17.1% during the 4th quarter. VELA Investment Management LLC now owns 21,707 shares of the bank's stock valued at $2,311,000 after buying an additional 3,165 shares during the last quarter. Finally, Carlson Capital L.P. bought a new stake in shares of BOK Financial in the 4th quarter valued at approximately $1,096,000. 34.44% of the stock is owned by hedge funds and other institutional investors.
BOK Financial Stock Performance
BOKF stock traded up $0.19 during midday trading on Thursday, hitting $105.58. The stock had a trading volume of 15,632 shares, compared to its average volume of 140,548. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 12.98 and a beta of 1.20. 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 stock has a 50-day simple moving average of $107.67 and a 200 day simple moving average of $109.15. BOK Financial Co. has a 52 week low of $85.02 and a 52 week high of $121.58.
BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, beating 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%. As a group, equities research analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current year.
BOK Financial Dividend Announcement
The business 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. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a dividend yield of 2.16%. BOK Financial's dividend payout ratio is currently 28.04%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in 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 on the stock in a report on Wednesday, January 22nd. StockNews.com lowered BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Keefe, Bruyette & Woods upped their price target on BOK Financial from $112.00 to $125.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Wells Fargo & Company raised their price objective on BOK Financial from $105.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada upped their target price on BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, BOK Financial currently has an average rating of "Hold" and an average price target of $119.11.
Get Our Latest Research Report on BOK Financial
About BOK Financial
(
Free Report)
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.
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