Ieq Capital LLC Takes Position in BOK Financial Co. (NASDAQ:BOKF)

Ieq Capital LLC bought a new position in BOK Financial Co. (NASDAQ:BOKF) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 28,028 shares of the bank’s stock, valued at approximately $2,984,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BOKF. Venturi Wealth Management LLC raised its stake in shares of BOK Financial by 33.8% in the fourth 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 period. KBC Group NV increased its holdings in BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after acquiring an additional 183 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in BOK Financial during the 3rd quarter worth approximately $142,000. SageView Advisory Group LLC purchased a new position in BOK Financial during the third quarter valued at approximately $200,000. Finally, CIBC Asset Management Inc bought a new position in shares of BOK Financial in the third quarter worth approximately $202,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Stock Down 1.1 %

Shares of BOKF opened at $108.19 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 $6.95 billion, a price-to-earnings ratio of 13.31 and a beta of 1.19. BOK Financial Co. has a 1 year low of $82.54 and a 1 year high of $121.58. The business’s 50 day simple moving average is $109.98 and its 200-day simple moving average is $108.69.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results 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%. As a group, equities analysts expect that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a $0.57 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.11%. BOK Financial’s dividend payout ratio is currently 28.04%.

Analyst Upgrades and Downgrades

BOKF has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. StockNews.com upgraded BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada upped their price objective on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Stephens decreased their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods upped their price target on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $116.40.

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.