Raymond James Financial Inc. Invests $6.14 Million in BOK Financial Co. (NASDAQ:BOKF)

Raymond James Financial Inc. acquired a new stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 57,664 shares of the bank's stock, valued at approximately $6,138,000. Raymond James Financial Inc. owned approximately 0.09% of BOK Financial as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Venturi Wealth Management LLC lifted its stake in BOK Financial by 33.8% in the 4th 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 boosted its stake in shares of BOK Financial by 12.5% in the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after acquiring an additional 121 shares during the last quarter. KBC Group NV increased its position in shares of 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 purchasing an additional 296 shares in the last quarter. SageView Advisory Group LLC acquired a new position in BOK Financial in the 3rd quarter valued at $200,000. Finally, CIBC Asset Management Inc lifted its holdings in BOK Financial by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank's stock valued at $217,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Trading Down 1.5 %

BOKF stock traded down $1.63 during mid-day trading on Friday, hitting $103.64. 131,154 shares of the company were exchanged, compared to its average volume of 143,768. BOK Financial Co. has a 12-month low of $85.02 and a 12-month high of $121.58. The firm has a market capitalization of $6.66 billion, a P/E ratio of 12.75 and a beta of 1.20. The business has a fifty day simple moving average of $107.55 and a 200-day simple moving average of $109.13. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted 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%. On average, equities research analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.57 per share. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a dividend yield of 2.20%. BOK Financial's dividend payout ratio is presently 28.04%.

Analyst Ratings Changes

BOKF has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 3rd. StockNews.com downgraded shares of BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Stephens decreased their target price on shares of BOK Financial from $135.00 to $127.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price target 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. Finally, Royal Bank of Canada lifted their price objective 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $119.11.

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.