Victory Capital Management Inc. Purchases 4,256 Shares of BOK Financial Co. (NASDAQ:BOKF)

Victory Capital Management Inc. lifted its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 85.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,245 shares of the bank’s stock after acquiring an additional 4,256 shares during the period. Victory Capital Management Inc.’s holdings in BOK Financial were worth $984,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its position in shares of BOK Financial by 33.8% during the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock valued at $42,000 after acquiring an additional 100 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of BOK Financial by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock valued at $217,000 after acquiring an additional 107 shares in the last quarter. US Bancorp DE increased its position in shares of BOK Financial by 12.5% during the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock valued at $116,000 after acquiring an additional 121 shares in the last quarter. Tidal Investments LLC increased its position in shares of BOK Financial by 1.7% during the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after acquiring an additional 147 shares in the last quarter. Finally, KBC Group NV boosted its holdings 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 purchasing an additional 183 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Trading Down 0.9 %

Shares of BOK Financial stock opened at $102.57 on Friday. The company’s fifty day simple moving average is $107.96 and its 200-day simple moving average is $109.08. The stock has a market capitalization of $6.59 billion, a PE ratio of 12.62 and a beta of 1.20. BOK Financial Co. has a 1-year low of $85.02 and a 1-year high of $121.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) is 28.04%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Royal Bank of Canada raised their target price 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. Keefe, Bruyette & Woods raised their target price on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com cut shares of BOK Financial from a “buy” rating to a “hold” rating in a report on Monday. Finally, Stephens dropped their target price on shares of 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $119.11.

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.