Virtu Financial LLC bought a new stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,431 shares of the bank's stock, valued at approximately $259,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of BOK Financial during the fourth quarter worth $6,138,000. Jacobs Levy Equity Management Inc. increased its position in 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 in the last quarter. Point72 Asset Management L.P. raised its stake in BOK Financial by 55.6% in the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank's stock valued at $14,315,000 after buying an additional 48,874 shares during the last quarter. Jane Street Group LLC boosted its holdings in BOK Financial by 309.8% in 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 in the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of BOK Financial during the fourth quarter worth about $2,984,000. Hedge funds and other institutional investors own 34.44% of the company's stock.
BOK Financial Stock Performance
BOK Financial stock traded up $0.33 during midday trading on Wednesday, hitting $103.42. 125,661 shares of the company were exchanged, compared to its average volume of 143,355. The business has a fifty day simple moving average of $106.78 and a two-hundred day simple moving average of $109.22. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. The firm has a market capitalization of $6.64 billion, a PE ratio of 12.72 and a beta of 1.20. BOK Financial Co. has a fifty-two week low of $85.02 and a fifty-two week high of $121.58.
BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping analysts' consensus estimates 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, sell-side analysts forecast that BOK Financial Co. will post 8.83 earnings per share for the current year.
BOK Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.20%. BOK Financial's dividend payout ratio (DPR) is currently 28.04%.
Analyst Ratings Changes
Several equities analysts recently commented on BOKF shares. Keefe, Bruyette & Woods increased their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Wells Fargo & Company raised their price target 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 lowered shares of BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Barclays initiated coverage on BOK Financial in a research note on Wednesday. They issued an "equal weight" rating and a $115.00 target price for the company. Finally, Royal Bank of Canada boosted 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. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $118.70.
Read Our Latest Stock Analysis on BOKF
BOK Financial Profile
(
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.
See Also
Before you consider BOK Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BOK Financial wasn't on the list.
While BOK Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
