Y Intercept Hong Kong Ltd Invests $797,000 in BOK Financial Co. (NASDAQ:BOKF)

Y Intercept Hong Kong Ltd bought a new position in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 7,489 shares of the bank's stock, valued at approximately $797,000.

A number of other large investors have also made changes to their positions in the company. Cannon Global Investment Management LLC acquired a new position in BOK Financial in the third quarter valued at about $220,000. Forum Financial Management LP bought a new stake in BOK Financial during the 3rd quarter worth approximately $216,000. Wolverine Asset Management LLC raised its holdings in BOK Financial by 29.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 16,962 shares of the bank's stock worth $1,775,000 after buying an additional 3,901 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of BOK Financial by 10.3% in the third quarter. GSA Capital Partners LLP now owns 5,001 shares of the bank's stock valued at $523,000 after buying an additional 468 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of BOK Financial by 49.3% in the third quarter. Victory Capital Management Inc. now owns 4,989 shares of the bank's stock valued at $522,000 after buying an additional 1,648 shares during the period. Institutional investors own 34.44% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on BOKF shares. Keefe, Bruyette & Woods boosted their price target on BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. StockNews.com upgraded BOK Financial from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. 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 research note on Tuesday, December 3rd. 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. Finally, Royal Bank of Canada increased their target price on shares of BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, BOK Financial currently has an average rating of "Hold" and a consensus target price of $116.40.

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BOK Financial Stock Performance

Shares of BOKF traded down $2.27 during midday trading on Tuesday, reaching $106.48. 74,654 shares of the stock were exchanged, compared to its average volume of 144,133. The stock's 50 day simple moving average is $109.56 and its 200 day simple moving average is $109.22. The company has a market cap of $6.84 billion, a P/E ratio of 13.10 and a beta of 1.19. BOK Financial Co. has a twelve month low of $84.52 and a twelve month 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.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping 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, sell-side 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. Investors of record on Wednesday, February 12th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Wednesday, February 12th. BOK Financial's dividend payout ratio is currently 28.04%.

BOK Financial 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.