59,005 Shares in BOK Financial Co. (NASDAQ:BOKF) Purchased by FIL Ltd

FIL Ltd bought a new stake in BOK Financial Co. (NASDAQ:BOKF) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 59,005 shares of the bank’s stock, valued at approximately $6,281,000. FIL Ltd owned approximately 0.09% of BOK Financial at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BOKF. Venturi Wealth Management LLC grew its stake in BOK Financial by 33.8% in the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock worth $42,000 after acquiring an additional 100 shares during the period. CIBC Asset Management Inc grew its position in shares of BOK Financial by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock valued at $217,000 after purchasing an additional 107 shares during the period. US Bancorp DE increased its stake in BOK Financial by 12.5% in the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock valued at $116,000 after purchasing an additional 121 shares during the last quarter. Tidal Investments LLC lifted its position in BOK Financial by 1.7% during the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock worth $933,000 after buying an additional 147 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its stake in BOK Financial by 7.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,283 shares of the bank’s stock worth $349,000 after buying an additional 218 shares during the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Stock Down 0.3 %

Shares of BOK Financial stock opened at $87.86 on Friday. The company has a market capitalization of $5.64 billion, a PE ratio of 10.81 and a beta of 0.93. BOK Financial Co. has a 1-year low of $85.02 and a 1-year high of $121.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. The business has a 50-day moving average of $103.19 and a 200-day moving average of $108.26.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. As a group, equities analysts forecast that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s dividend payout ratio is currently 28.04%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BOKF. Barclays cut their price objective on shares of BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada lifted their price target on shares of BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Stephens lowered their price objective on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Wells Fargo & Company cut their target price on BOK Financial from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, StockNews.com downgraded BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $117.00.

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.