King Luther Capital Management Corp Acquires 1,250 Shares of BOK Financial Co. (NASDAQ:BOKF)

King Luther Capital Management Corp boosted its holdings in BOK Financial Co. (NASDAQ:BOKF) by 15.2% in the fourth quarter, HoldingsChannel reports. The firm owned 9,475 shares of the bank’s stock after purchasing an additional 1,250 shares during the period. King Luther Capital Management Corp’s holdings in BOK Financial were worth $1,009,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Venturi Wealth Management LLC grew its position 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 period. KBC Group NV grew its holdings in BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares during the period. US Bancorp DE grew its holdings in BOK Financial by 12.5% in the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock worth $116,000 after purchasing an additional 121 shares during the period. Prospera Private Wealth LLC bought a new stake in BOK Financial in the third quarter valued at $142,000. Finally, SageView Advisory Group LLC acquired a new position in shares of BOK Financial during the third quarter valued at about $200,000. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $99.10 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 $6.36 billion, a PE ratio of 12.19 and a beta of 1.20. The stock’s 50 day moving average price is $108.68 and its 200-day moving average price is $109.20. 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 Announces Dividend

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 was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a yield of 2.30%. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BOKF. Keefe, Bruyette & Woods raised their target price on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Royal Bank of Canada raised their price objective on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. StockNews.com raised BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Stephens cut their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company boosted 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 note on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BOK Financial has an average rating of “Moderate Buy” and a consensus target price of $119.11.

About BOK Financial

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.