BOK Financial Co. (NASDAQ:BOKF) Holdings Trimmed by Swiss National Bank

Swiss National Bank decreased its stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,174 shares of the bank's stock after selling 12,500 shares during the period. Swiss National Bank owned about 0.07% of BOK Financial worth $4,702,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in BOK Financial during the fourth quarter valued at $6,138,000. Jacobs Levy Equity Management Inc. grew its position in shares of BOK Financial by 28.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank's stock valued at $23,408,000 after buying an additional 48,942 shares during the last quarter. Point72 Asset Management L.P. raised its stake in BOK Financial by 55.6% during the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank's stock worth $14,315,000 after acquiring an additional 48,874 shares during the period. Jane Street Group LLC raised its stake in BOK Financial by 309.8% during the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank's stock worth $4,662,000 after acquiring an additional 33,686 shares during the period. Finally, Ieq Capital LLC bought a new position in BOK Financial in the fourth quarter worth about $2,984,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Stock Performance

Shares of NASDAQ BOKF traded up $0.19 during midday trading on Thursday, reaching $105.58. 15,632 shares of the company traded hands, compared to its average volume of 140,548. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 12.98 and a beta of 1.20. The stock has a 50-day moving average price of $107.67 and a 200 day moving average price of $109.15. BOK Financial Co. has a 52 week low of $85.02 and a 52 week high of $121.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79.

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BOK Financial (NASDAQ:BOKF - Get Free Report) last released its earnings results 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 net margin of 15.32% and a return on equity of 9.86%. Sell-side analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current fiscal 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 issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.16%. BOK Financial's payout ratio is 28.04%.

Analyst Ratings Changes

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

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.