Wolverine Asset Management LLC Has $2.05 Million Holdings in BOK Financial Co. (NASDAQ:BOKF)

Wolverine Asset Management LLC boosted its holdings in BOK Financial Co. (NASDAQ:BOKF) by 13.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,256 shares of the bank’s stock after acquiring an additional 2,294 shares during the period. Wolverine Asset Management LLC’s holdings in BOK Financial were worth $2,050,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of BOK Financial by 7.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock valued at $14,238,000 after buying an additional 9,863 shares in the last quarter. Creative Planning increased its stake in BOK Financial by 130.1% during the 3rd quarter. Creative Planning now owns 11,946 shares of the bank’s stock worth $1,250,000 after acquiring an additional 6,755 shares during the period. Meritage Portfolio Management acquired a new position in BOK Financial in the 4th quarter valued at $444,000. SG Americas Securities LLC lifted its position in shares of BOK Financial by 433.0% during the 4th quarter. SG Americas Securities LLC now owns 9,216 shares of the bank’s stock valued at $981,000 after acquiring an additional 7,487 shares during the period. Finally, Merit Financial Group LLC bought a new position in shares of BOK Financial in the fourth quarter worth $256,000. Institutional investors own 34.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BOKF shares. Wells Fargo & Company upped their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods upped their price target on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. 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 report on Wednesday, January 22nd. StockNews.com upgraded BOK Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada lifted 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. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.40.

BOK Financial Stock Down 1.1 %

Shares of NASDAQ:BOKF opened at $108.19 on Friday. The firm has a market cap of $6.94 billion, a P/E ratio of 13.31 and a beta of 1.19. The business has a fifty day simple moving average of $109.98 and a 200 day simple moving average of $108.60. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. BOK Financial Co. has a 12-month low of $82.54 and a 12-month high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced 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 9.96% and a net margin of 15.32%. Analysts predict 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 will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) is presently 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.