Inceptionr LLC Purchases Shares of 5,854 BOK Financial Co. (NASDAQ:BOKF)

Inceptionr LLC purchased a new stake in shares of BOK Financial Co. (NASDAQ:BOKF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,854 shares of the bank’s stock, valued at approximately $623,000.

A number of other large investors have also made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in shares of BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock valued at $42,000 after purchasing an additional 100 shares during the period. CIBC Asset Management Inc grew its stake in shares of BOK Financial by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock valued at $217,000 after purchasing an additional 107 shares during the period. US Bancorp DE grew its stake in shares of BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock valued at $116,000 after purchasing an additional 121 shares during the period. Tidal Investments LLC grew its stake in shares of BOK Financial by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after acquiring an additional 147 shares during the period. Finally, KBC Group NV grew its stake in shares of BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after acquiring an additional 183 shares during the period. 34.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BOKF shares. Royal Bank of Canada boosted their price objective on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens cut 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. Wells Fargo & Company boosted their price objective on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. Finally, StockNews.com upgraded BOK Financial from a “hold” rating to a “buy” rating in a research note 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’s stock. According to MarketBeat, BOK Financial currently has a consensus rating of “Hold” and a consensus target price of $116.40.

BOK Financial Stock Down 0.3 %

NASDAQ BOKF opened at $102.44 on Friday. The stock’s 50 day moving average is $109.23 and its 200 day moving average is $109.18. 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 Co. has a 12 month low of $85.02 and a 12 month high of $121.58. The stock has a market cap of $6.58 billion, a PE ratio of 12.60 and a beta of 1.20.

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

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued 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 2.23%. BOK Financial’s dividend payout ratio (DPR) 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.