Aigen Investment Management LP Invests $275,000 in BOK Financial Co. (NASDAQ:BOKF)

Aigen Investment Management LP acquired a new position in shares of BOK Financial Co. (NASDAQ:BOKF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,587 shares of the bank’s stock, valued at approximately $275,000.

A number of other institutional investors also recently made changes to their positions in BOKF. Jacobs Levy Equity Management Inc. boosted its holdings in shares of BOK Financial by 28.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock worth $23,408,000 after acquiring an additional 48,942 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of BOK Financial by 55.6% in the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock valued at $14,315,000 after buying an additional 48,874 shares during the period. Jane Street Group LLC boosted its stake in shares of BOK Financial by 309.8% in the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock valued at $4,662,000 after buying an additional 33,686 shares during the period. Ieq Capital LLC bought a new stake in shares of BOK Financial in the fourth quarter valued at approximately $2,984,000. Finally, Quest Partners LLC bought a new stake in shares of BOK Financial in the third quarter valued at approximately $1,923,000. Institutional investors own 34.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BOKF shares. 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. StockNews.com upgraded BOK Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. 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. Keefe, Bruyette & Woods boosted their price target 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. Finally, Royal Bank of Canada boosted their price target 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. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.40.

BOK Financial Stock Down 0.3 %

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

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

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders 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 annualized dividend and a dividend yield of 2.23%. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

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.