BOK Financial Co. (NASDAQ:BOKF) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 7.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,283 shares of the bank’s stock after acquiring an additional 218 shares during the period. O Shaughnessy Asset Management LLC’s holdings in BOK Financial were worth $349,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BOKF. Picton Mahoney Asset Management acquired a new position in shares of BOK Financial during the 4th quarter worth about $30,000. Venturi Wealth Management LLC raised its holdings 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 during the last quarter. US Bancorp DE lifted its position in shares of BOK Financial by 12.5% in 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. KBC Group NV boosted its stake in shares of BOK Financial by 32.7% in the fourth quarter. KBC Group NV now owns 1,201 shares of the bank’s stock worth $128,000 after acquiring an additional 296 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of BOK Financial by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock worth $217,000 after acquiring an additional 107 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BOKF. Barclays decreased their price objective on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday. Stephens dropped 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 research note on Wednesday, January 22nd. Wells Fargo & Company decreased their target price on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday. StockNews.com lowered BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Royal Bank of Canada lifted 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. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, BOK Financial has a consensus rating of “Hold” and an average price target of $117.00.

BOK Financial Trading Down 0.3 %

NASDAQ BOKF opened at $87.86 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. The stock has a market capitalization of $5.64 billion, a P/E ratio of 10.81 and a beta of 0.93. The firm’s 50-day moving average is $103.19 and its two-hundred day moving average is $108.26. BOK Financial Co. has a 12 month low of $85.02 and a 12 month high of $121.58.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share 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, sell-side analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.60%. The ex-dividend date was Wednesday, February 12th. 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.