Swiss National Bank Has $4.70 Million Stock Position in BOK Financial Co. (NASDAQ:BOKF)

Swiss National Bank cut its holdings in BOK Financial Co. (NASDAQ:BOKF) by 22.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,174 shares of the bank’s stock after selling 12,500 shares during the period. Swiss National Bank owned approximately 0.07% of BOK Financial worth $4,702,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BOKF. Raymond James Financial Inc. acquired a new position in shares of BOK Financial during the 4th quarter worth approximately $6,138,000. Jacobs Levy Equity Management Inc. increased its stake 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 worth $23,408,000 after acquiring an additional 48,942 shares during the period. Point72 Asset Management L.P. raised its holdings 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 valued at $14,315,000 after acquiring an additional 48,874 shares in the last quarter. Jane Street Group LLC raised 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 acquiring an additional 33,686 shares in the last quarter. Finally, Ieq Capital LLC bought a new stake in shares of BOK Financial during the 4th quarter valued at $2,984,000. 34.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on BOKF. Royal Bank of Canada raised their price target on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their target price on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. StockNews.com lowered shares of BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. 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. Finally, Stephens reduced their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $119.11.

BOK Financial Stock Performance

NASDAQ BOKF opened at $105.24 on Tuesday. BOK Financial Co. has a fifty-two week low of $85.02 and a fifty-two week high of $121.58. The stock has a market cap of $6.76 billion, a PE ratio of 12.94 and a beta of 1.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. The firm’s fifty day moving average price is $107.89 and its two-hundred day moving average price is $109.16.

BOK Financial (NASDAQ:BOKF) last issued its 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 return on equity of 9.86% and a net margin of 15.32%. On average, equities analysts expect that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s payout ratio is 28.04%.

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.