Virtu Financial LLC Makes New Investment in BOK Financial Co. (NASDAQ:BOKF)

Virtu Financial LLC bought a new position in shares of BOK Financial Co. (NASDAQ:BOKF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,431 shares of the bank’s stock, valued at approximately $259,000.

A number of other institutional investors have also made changes to their positions in the business. Picton Mahoney Asset Management bought a new position in BOK Financial during the fourth quarter worth $30,000. Venturi Wealth Management LLC lifted its stake in shares of BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock worth $42,000 after buying an additional 100 shares during the last quarter. US Bancorp DE boosted its holdings in shares of BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock worth $116,000 after buying an additional 121 shares during the period. KBC Group NV grew its stake in BOK Financial by 32.7% in the 4th quarter. KBC Group NV now owns 1,201 shares of the bank’s stock valued at $128,000 after buying an additional 296 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new position in BOK Financial in the 3rd quarter valued at about $200,000. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Trading Down 1.5 %

Shares of BOK Financial stock opened at $103.64 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. BOK Financial Co. has a 12-month low of $85.02 and a 12-month high of $121.58. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 12.75 and a beta of 1.20. The firm’s 50-day moving average price is $107.37 and its two-hundred day moving average price is $109.13.

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

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a dividend yield of 2.20%. BOK Financial’s payout ratio is 28.04%.

Analysts Set New Price Targets

Several research firms have recently commented on BOKF. StockNews.com downgraded BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Royal Bank of Canada upped their price objective on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Wells Fargo & Company lifted their target price on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods upped their price target on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens lowered their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research report 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 stock. Based on data from MarketBeat, the company has an average 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.