BOK Financial Co. (NASDAQ:BOKF) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,041 shares of the bank’s stock after purchasing an additional 107 shares during the period. CIBC Asset Management Inc’s holdings in BOK Financial were worth $217,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BOKF. Jacobs Levy Equity Management Inc. grew its holdings 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 in the last quarter. Point72 Asset Management L.P. grew its holdings 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 in the last quarter. Jane Street Group LLC grew its holdings 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 in the last quarter. Quest Partners LLC acquired a new position in BOK Financial during the 3rd quarter worth $1,923,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings 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 worth $14,238,000 after acquiring an additional 9,863 shares in the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on BOKF shares. Stephens decreased their price objective on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Royal Bank of Canada raised their price objective on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Wells Fargo & Company raised their price target 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. Keefe, Bruyette & Woods raised their price target on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, BOK Financial presently has a consensus rating of “Hold” and a consensus price target of $116.40.

BOK Financial Stock Down 0.5 %

BOK Financial stock opened at $106.75 on Wednesday. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 13.13 and a beta of 1.19. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average price is $109.63 and its two-hundred day moving average price is $108.91. BOK Financial Co. has a 52 week low of $82.54 and a 52 week high of $121.58.

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

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $0.57 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $2.28 annualized dividend and a dividend yield of 2.14%. BOK Financial’s dividend payout ratio is currently 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.