Aster Capital Management DIFC Ltd Acquires 997 Shares of BOK Financial Co. (NASDAQ:BOKF)

Aster Capital Management DIFC Ltd boosted its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 538.9% during the 4th quarter, HoldingsChannel reports. The fund owned 1,182 shares of the bank’s stock after purchasing an additional 997 shares during the period. Aster Capital Management DIFC Ltd’s holdings in BOK Financial were worth $126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in BOK Financial by 4.4% during the fourth quarter. Russell Investments Group Ltd. now owns 59,008 shares of the bank’s stock valued at $6,281,000 after acquiring an additional 2,471 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of BOK Financial during the 4th quarter worth about $686,000. Wells Fargo & Company MN grew its holdings in BOK Financial by 3.6% during the 4th quarter. Wells Fargo & Company MN now owns 89,180 shares of the bank’s stock valued at $9,493,000 after purchasing an additional 3,059 shares during the last quarter. Nicolet Advisory Services LLC purchased a new stake in BOK Financial in the 4th quarter worth about $233,000. Finally, Trexquant Investment LP lifted its stake in BOK Financial by 187.8% in the fourth quarter. Trexquant Investment LP now owns 24,933 shares of the bank’s stock worth $2,654,000 after purchasing an additional 16,270 shares during the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Stock Performance

BOKF stock opened at $89.07 on Wednesday. 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 1-year low of $85.02 and a 1-year high of $121.58. The business has a 50-day moving average price of $104.76 and a 200 day moving average price of $108.69. The company has a market capitalization of $5.72 billion, a P/E ratio of 10.96 and a beta of 0.93.

BOK Financial (NASDAQ:BOKF) 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%. As a group, equities research analysts forecast that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s payout ratio is 28.04%.

Analysts Set New Price Targets

BOKF has been the topic of a number of analyst reports. Royal Bank of Canada upped 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. Barclays reduced their target price on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday. StockNews.com lowered shares of BOK Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Finally, Stephens reduced their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $118.20.

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.