Victory Capital Management Inc. Buys 4,256 Shares of BOK Financial Co. (NASDAQ:BOKF)

Victory Capital Management Inc. grew its stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 85.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,245 shares of the bank's stock after purchasing an additional 4,256 shares during the period. Victory Capital Management Inc.'s holdings in BOK Financial were worth $984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV raised its stake in shares of BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank's stock worth $95,000 after buying an additional 183 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of BOK Financial in the 3rd quarter valued at about $202,000. LMR Partners LLP acquired a new stake in shares of BOK Financial in the third quarter valued at about $210,000. Prospera Private Wealth LLC purchased a new stake in BOK Financial during the third quarter worth about $142,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in BOK Financial by 7.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank's stock worth $14,238,000 after buying an additional 9,863 shares during the period. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Trading Up 3.2 %

BOKF traded up $3.22 during trading on Monday, hitting $105.24. The company's stock had a trading volume of 111,307 shares, compared to its average volume of 140,965. The stock has a market cap of $6.76 billion, a PE ratio of 12.94 and a beta of 1.20. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. BOK Financial Co. has a twelve month low of $85.02 and a twelve month high of $121.58. The firm's 50 day moving average price is $107.91 and its 200-day moving average price is $109.14.

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

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Wednesday, February 12th. BOK Financial's dividend payout ratio is currently 28.04%.

Analysts Set New Price Targets

BOKF has been the topic of a number of research reports. Royal Bank of Canada upped their price target on BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective 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. Wells Fargo & Company raised their target price on shares of 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 shares of BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Stephens cut 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. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, BOK Financial presently has a consensus rating of "Hold" and a consensus 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.