HighTower Advisors LLC Has $799,000 Position in BOK Financial Co. (NASDAQ:BOKF)

HighTower Advisors LLC boosted its stake in BOK Financial Co. (NASDAQ:BOKF) by 166.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,504 shares of the bank’s stock after purchasing an additional 4,692 shares during the quarter. HighTower Advisors LLC’s holdings in BOK Financial were worth $799,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BOKF. King Luther Capital Management Corp grew its stake in shares of BOK Financial by 15.2% in the 4th quarter. King Luther Capital Management Corp now owns 9,475 shares of the bank’s stock valued at $1,009,000 after buying an additional 1,250 shares during the period. AlphaQuest LLC boosted its holdings in BOK Financial by 8.4% in the fourth quarter. AlphaQuest LLC now owns 19,921 shares of the bank’s stock worth $2,121,000 after acquiring an additional 1,538 shares in the last quarter. Inceptionr LLC acquired a new stake in BOK Financial in the fourth quarter valued at approximately $623,000. Raymond James Financial Inc. bought a new stake in shares of BOK Financial during the fourth quarter valued at approximately $6,138,000. Finally, Aigen Investment Management LP bought a new stake in shares of BOK Financial during the fourth quarter valued at approximately $275,000. 34.44% of the stock is owned by institutional investors.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $105.27 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $6.76 billion, a PE ratio of 12.95 and a beta of 1.20. The stock’s 50 day moving average price is $107.55 and its 200-day moving average price is $109.13. BOK Financial Co. has a twelve month low of $85.02 and a twelve month high of $121.58.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data 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 return on equity of 9.86% and a net margin of 15.32%. On average, equities analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a yield of 2.17%. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

Analyst Ratings Changes

Several analysts recently issued reports on BOKF shares. Royal Bank of Canada lifted their price target on shares of BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. StockNews.com lowered shares of BOK Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company raised their price target on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Finally, Stephens cut their price target 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. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $119.11.

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.