US Bancorp DE Increases Stake in BOK Financial Co. (NASDAQ:BOKF)

US Bancorp DE raised its holdings in BOK Financial Co. (NASDAQ:BOKF) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,088 shares of the bank’s stock after buying an additional 121 shares during the quarter. US Bancorp DE’s holdings in BOK Financial were worth $116,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. VELA Investment Management LLC grew its position in shares of BOK Financial by 17.1% in the 4th quarter. VELA Investment Management LLC now owns 21,707 shares of the bank’s stock worth $2,311,000 after buying an additional 3,165 shares during the last quarter. Carlson Capital L.P. bought a new stake in shares of BOK Financial in the 4th quarter worth approximately $1,096,000. Y Intercept Hong Kong Ltd bought a new stake in shares of BOK Financial in the 4th quarter worth approximately $797,000. Wolverine Asset Management LLC grew its position in shares of BOK Financial by 13.5% in the 4th quarter. Wolverine Asset Management LLC now owns 19,256 shares of the bank’s stock worth $2,050,000 after buying an additional 2,294 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new stake in shares of BOK Financial in the 4th quarter worth approximately $447,000. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Stock Up 2.9 %

Shares of NASDAQ:BOKF opened at $101.93 on Monday. The stock has a fifty day simple moving average of $108.40 and a two-hundred day simple moving average of $109.19. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 12.54 and a beta of 1.20. BOK Financial Co. has a 12-month low of $85.02 and a 12-month high of $121.58. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. On average, research analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s payout ratio is 28.04%.

Analyst Upgrades and Downgrades

BOKF has been the topic of a number of recent analyst reports. StockNews.com upgraded BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on 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 lifted their price target on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Stephens dropped their price target on 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 lifted their price target on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, BOK Financial has a consensus rating of “Moderate Buy” and a consensus price target of $119.11.

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.