Y Intercept Hong Kong Ltd Purchases New Stake in BOK Financial Co. (NASDAQ:BOKF)

Y Intercept Hong Kong Ltd purchased a new stake in BOK Financial Co. (NASDAQ:BOKF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,489 shares of the bank’s stock, valued at approximately $797,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BOKF. Venturi Wealth Management LLC increased its holdings in shares of BOK Financial by 33.8% in the fourth 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 last quarter. KBC Group NV grew its position in BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after acquiring an additional 183 shares during the period. Prospera Private Wealth LLC purchased a new position in BOK Financial in the third quarter worth approximately $142,000. SageView Advisory Group LLC purchased a new position in BOK Financial in the third quarter worth approximately $200,000. Finally, CIBC Asset Management Inc purchased a new position in BOK Financial in the third quarter worth approximately $202,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BOKF. Royal Bank of Canada increased their price objective 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. Keefe, Bruyette & Woods increased their price objective on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company increased their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Finally, Stephens lowered their price target on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research report 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, the company currently has an average rating of “Hold” and an average price target of $116.40.

BOK Financial Trading Up 1.2 %

NASDAQ:BOKF opened at $108.96 on Friday. The firm has a market cap of $7.00 billion, a PE ratio of 13.40 and a beta of 1.19. The stock has a fifty day moving average price of $109.56 and a 200 day moving average price of $108.98. BOK Financial Co. has a 12-month low of $83.22 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 released its earnings results 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%. Sell-side analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.09%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

BOK Financial 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.