Sanctuary Advisors LLC Raises Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

Sanctuary Advisors LLC raised its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,051 shares of the bank’s stock after purchasing an additional 298 shares during the quarter. Sanctuary Advisors LLC’s holdings in BOK Financial were worth $672,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. increased its position in BOK Financial by 28.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock valued at $23,408,000 after purchasing an additional 48,942 shares during the period. Point72 Asset Management L.P. increased its position in BOK Financial by 55.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock valued at $14,315,000 after purchasing an additional 48,874 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in BOK Financial by 7.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock valued at $14,238,000 after purchasing an additional 9,863 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in BOK Financial by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,609 shares of the bank’s stock valued at $8,643,000 after purchasing an additional 564 shares during the period. Finally, Jane Street Group LLC increased its position in BOK Financial by 309.8% during the 3rd quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock valued at $4,662,000 after purchasing an additional 33,686 shares during the period. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $108.96 on Friday. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 13.40 and a beta of 1.19. The firm’s 50-day moving average is $109.56 and its 200 day moving average is $108.98. BOK Financial Co. has a 1 year low of $83.22 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.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (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%. Sell-side analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.09%. 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

A number of brokerages have issued reports on BOKF. Keefe, Bruyette & Woods boosted 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 report on Wednesday, December 4th. Wells Fargo & Company upped their target price 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. StockNews.com raised shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Stephens reduced their target price on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada upped their target price on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $116.40.

BOK Financial Company 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.