Swiss National Bank Sells 12,500 Shares of BOK Financial Co. (NASDAQ:BOKF)

Swiss National Bank decreased its position in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 22.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 44,174 shares of the bank's stock after selling 12,500 shares during the quarter. Swiss National Bank owned 0.07% of BOK Financial worth $4,702,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BOKF. Venturi Wealth Management LLC raised its position 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 purchasing an additional 100 shares during the last quarter. US Bancorp DE increased 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 valued at $116,000 after buying an additional 121 shares in the last quarter. KBC Group NV lifted its position in BOK Financial by 32.7% during the 4th quarter. KBC Group NV now owns 1,201 shares of the bank's stock worth $128,000 after buying an additional 296 shares in the last quarter. SageView Advisory Group LLC acquired a new position in BOK Financial during the 3rd quarter worth about $200,000. Finally, CIBC Asset Management Inc increased its position 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 acquiring an additional 107 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BOKF. Wells Fargo & Company increased their price target on shares of BOK Financial from $105.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their target price on BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Royal Bank of Canada upped their price target on BOK Financial from $115.00 to $120.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 22nd. Stephens lowered their price objective on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. Finally, StockNews.com cut BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $119.11.

BOK Financial Trading Down 1.5 %

Shares of BOKF traded down $1.63 during trading hours on Friday, reaching $103.64. The stock had a trading volume of 131,154 shares, compared to its average volume of 143,768. The company has a market cap of $6.66 billion, a P/E ratio of 12.75 and a beta of 1.20. BOK Financial Co. has a 52 week low of $85.02 and a 52 week high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average of $107.55 and a 200 day moving average of $109.13.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping 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, sell-side analysts expect that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.57 per share. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.20%. BOK Financial's dividend payout ratio (DPR) is currently 28.04%.

BOK Financial Company 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.