BOK Financial Co. (NASDAQ:BOKF) Shares Bought by KBC Group NV

KBC Group NV lifted its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 32.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,201 shares of the bank’s stock after acquiring an additional 296 shares during the quarter. KBC Group NV’s holdings in BOK Financial were worth $128,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BOKF. Jacobs Levy Equity Management Inc. raised its holdings in shares of BOK Financial by 28.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock worth $23,408,000 after acquiring an additional 48,942 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in BOK Financial by 55.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock worth $14,315,000 after buying an additional 48,874 shares during the last quarter. Jane Street Group LLC grew its holdings in BOK Financial by 309.8% in the 3rd quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock valued at $4,662,000 after buying an additional 33,686 shares during the period. Quest Partners LLC acquired a new position in shares of BOK Financial in the 3rd quarter valued at $1,923,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of BOK Financial by 7.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock worth $14,238,000 after purchasing an additional 9,863 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Down 1.4 %

Shares of BOK Financial stock opened at $111.14 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 13.67 and a beta of 1.19. BOK Financial Co. has a twelve month low of $78.99 and a twelve month high of $121.58. The business’s 50 day simple moving average is $111.43 and its 200-day simple moving average is $108.05.

BOK Financial (NASDAQ:BOKF) last posted 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%. Equities research analysts forecast that BOK Financial Co. will post 8.71 earnings per share for the current year.

BOK Financial Dividend Announcement

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 issued a $0.57 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $2.28 annualized dividend and a dividend yield of 2.05%. BOK Financial’s dividend payout ratio (DPR) is 28.04%.

Wall Street Analyst Weigh In

BOKF has been the subject of a number of research reports. StockNews.com upgraded BOK Financial from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. DA Davidson dropped their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada upped their price target on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a research note on Tuesday, October 22nd. Six equities 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, the company presently has a consensus rating of “Hold” and an average target price of $116.40.

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.