Squarepoint Ops LLC Buys 5,617 Shares of BOK Financial Co. (NASDAQ:BOKF)

Squarepoint Ops LLC boosted its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 42.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,762 shares of the bank’s stock after acquiring an additional 5,617 shares during the quarter. Squarepoint Ops LLC’s holdings in BOK Financial were worth $1,997,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Twinbeech Capital LP bought a new stake in BOK Financial during the 4th quarter worth about $1,652,000. Two Sigma Advisers LP grew its holdings in BOK Financial by 33.0% during the 4th quarter. Two Sigma Advisers LP now owns 24,183 shares of the bank’s stock worth $2,574,000 after acquiring an additional 6,000 shares during the last quarter. True Wealth Design LLC grew its holdings in BOK Financial by 66.9% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank’s stock worth $30,000 after acquiring an additional 113 shares during the last quarter. Quantinno Capital Management LP grew its holdings in BOK Financial by 135.3% during the 4th quarter. Quantinno Capital Management LP now owns 16,437 shares of the bank’s stock worth $1,750,000 after acquiring an additional 9,450 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in BOK Financial by 29.4% during the 4th quarter. Millennium Management LLC now owns 252,779 shares of the bank’s stock worth $26,908,000 after acquiring an additional 57,420 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Down 1.7%

BOK Financial stock opened at $93.39 on Thursday. The company’s 50 day simple moving average is $94.79 and its 200 day simple moving average is $105.13. BOK Financial Co. has a fifty-two week low of $85.08 and a fifty-two week high of $121.58. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 11.49 and a beta of 0.87. 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 released its quarterly earnings data on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.15). BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. The firm had revenue of $500.37 million for the quarter, compared to the consensus estimate of $520.86 million. As a group, sell-side analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.57 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.28 annualized dividend and a yield of 2.44%. BOK Financial’s dividend payout ratio (DPR) is currently 26.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BOKF shares. Hovde Group decreased their price objective on shares of BOK Financial from $122.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Stephens reduced their target price on shares of BOK Financial from $124.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen lowered shares of BOK Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Wells Fargo & Company reduced 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, April 9th. Finally, Raymond James set a $105.00 target price on shares of BOK Financial in a research note on Tuesday, April 22nd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, BOK Financial has an average rating of “Hold” and an average target price of $111.00.

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.