Ellis Investment Partners LLC Invests $52,000 in BOK Financial Co. (BOKF)

Ellis Investment Partners LLC bought a new position in BOK Financial Co. (NASDAQ:BOKF) during the first quarter, Holdings Channel reports. The firm bought 52,110 shares of the bank’s stock, valued at approximately $52,000.

Other large investors have also recently bought and sold shares of the company. MUFG Securities EMEA plc purchased a new stake in shares of BOK Financial in the fourth quarter worth about $79,000. Hsbc Holdings PLC lifted its position in shares of BOK Financial by 1,098.8% in the fourth quarter. Hsbc Holdings PLC now owns 290,241 shares of the bank’s stock worth $21,284,000 after buying an additional 266,031 shares in the last quarter. Vanguard Group Inc lifted its position in shares of BOK Financial by 2.0% in the third quarter. Vanguard Group Inc now owns 2,653,428 shares of the bank’s stock worth $258,125,000 after buying an additional 52,210 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of BOK Financial by 2.0% in the third quarter. Vanguard Group Inc. now owns 2,653,428 shares of the bank’s stock worth $258,125,000 after buying an additional 52,210 shares in the last quarter. Finally, BB&T Corp lifted its position in shares of BOK Financial by 1.2% in the fourth quarter. BB&T Corp now owns 21,461 shares of the bank’s stock worth $1,574,000 after buying an additional 247 shares in the last quarter. Institutional investors own 39.17% of the company’s stock.

Several equities research analysts have weighed in on the company. BidaskClub raised BOK Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, February 20th. Zacks Investment Research raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. ValuEngine raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Saturday, February 23rd. SunTrust Banks boosted their price objective on BOK Financial to $92.00 and gave the stock a “hold” rating in a research note on Thursday, January 31st. They noted that the move was a valuation call. Finally, Wells Fargo & Co reduced their price objective on BOK Financial from $100.00 to $85.00 and set a “market perform” rating on the stock in a research note on Thursday, January 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $102.95.

In other BOK Financial news, Director George B. Kaiser bought 3,000 shares of the business’s stock in a transaction dated Thursday, February 7th. The shares were purchased at an average price of $85.83 per share, with a total value of $257,490.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 54.90% of the company’s stock.

Shares of NASDAQ BOKF opened at $86.90 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.44. BOK Financial Co. has a 1-year low of $69.96 and a 1-year high of $106.65. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 1.82 and a beta of 1.22.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $1.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by ($0.04). BOK Financial had a return on equity of 12.13% and a net margin of 23.03%. The company had revenue of $435.37 million for the quarter, compared to the consensus estimate of $446.13 million. During the same period in the previous year, the firm earned $1.61 earnings per share. As a group, analysts predict that BOK Financial Co. will post 7.31 EPS for the current fiscal year.

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About BOK Financial

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.

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Institutional Ownership by Quarter for BOK Financial (NASDAQ:BOKF)

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