HighTower Advisors LLC Has $799,000 Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

HighTower Advisors LLC lifted its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 166.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,504 shares of the bank’s stock after buying an additional 4,692 shares during the period. HighTower Advisors LLC’s holdings in BOK Financial were worth $799,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of BOKF. Raymond James Financial Inc. bought a new position in BOK Financial in the 4th quarter valued at approximately $6,138,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of BOK Financial by 28.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock worth $23,408,000 after buying an additional 48,942 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of 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 during the last quarter. Jane Street Group LLC boosted its holdings in shares of 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 acquiring an additional 33,686 shares in the last quarter. Finally, Ieq Capital LLC bought a new stake in BOK Financial during the 4th quarter worth $2,984,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on BOKF. Wells Fargo & Company upped their target price on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Stephens lowered their price objective on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com lowered shares of BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, Royal Bank of Canada raised their price target on shares of 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, BOK Financial currently has an average rating of “Hold” and an average target price of $119.11.

BOK Financial Stock Down 0.1 %

Shares of NASDAQ BOKF opened at $105.27 on Friday. The company’s 50 day moving average price is $107.55 and its 200-day moving average price is $109.13. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. BOK Financial Co. has a 52-week low of $85.02 and a 52-week high of $121.58. The company has a market capitalization of $6.76 billion, a P/E ratio of 12.95 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Equities analysts forecast that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

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

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.