AlphaQuest LLC Acquires 1,538 Shares of BOK Financial Co. (NASDAQ:BOKF)

AlphaQuest LLC raised its holdings in BOK Financial Co. (NASDAQ:BOKF) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,921 shares of the bank’s stock after purchasing an additional 1,538 shares during the period. AlphaQuest LLC’s holdings in BOK Financial were worth $2,121,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of BOK Financial by 7.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock valued at $14,238,000 after buying an additional 9,863 shares in the last quarter. SG Americas Securities LLC increased its stake in BOK Financial by 433.0% during the 4th quarter. SG Americas Securities LLC now owns 9,216 shares of the bank’s stock worth $981,000 after acquiring an additional 7,487 shares during the period. Meritage Portfolio Management acquired a new position in BOK Financial in the 4th quarter valued at $444,000. Merit Financial Group LLC bought a new stake in shares of BOK Financial during the 4th quarter valued at $256,000. Finally, Jane Street Group LLC grew its holdings in shares of BOK Financial by 309.8% during the 3rd quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock worth $4,662,000 after purchasing an additional 33,686 shares in the last quarter. Institutional investors own 34.44% of the company’s stock.

Wall Street Analyst Weigh In

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

BOK Financial Stock Down 0.3 %

Shares of BOKF opened at $102.44 on Friday. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 12.60 and a beta of 1.20. BOK Financial Co. has a 52 week low of $85.02 and a 52 week high of $121.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. The stock has a fifty day moving average of $109.11 and a 200-day moving average of $109.25.

BOK Financial (NASDAQ:BOKF) last issued 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 net margin of 15.32% and a return on equity of 9.86%. As a group, sell-side analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

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.