Carlson Capital L.P. Buys Shares of 10,300 BOK Financial Co. (NASDAQ:BOKF)

Carlson Capital L.P. bought a new stake in BOK Financial Co. (NASDAQ:BOKF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,300 shares of the bank’s stock, valued at approximately $1,096,000. BOK Financial comprises approximately 0.6% of Carlson Capital L.P.’s holdings, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of BOKF. Jacobs Levy Equity Management Inc. increased its stake in 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 purchasing an additional 48,942 shares during the period. Point72 Asset Management L.P. increased its stake in BOK Financial by 55.6% during the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock worth $14,315,000 after purchasing an additional 48,874 shares during the period. Jane Street Group LLC increased its stake in BOK Financial by 309.8% during the third 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 during the period. Ieq Capital LLC purchased a new stake in BOK Financial during the fourth quarter worth about $2,984,000. Finally, Quest Partners LLC purchased a new stake in BOK Financial during the third quarter worth about $1,923,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Stephens cut 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 note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their target price on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company upped their target price on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada upped their target price on shares of BOK Financial from $115.00 to $120.00 and gave the stock 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, BOK Financial currently has an average rating of “Hold” and a consensus target price of $116.40.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $106.60 on Thursday. The firm has a market capitalization of $6.85 billion, a P/E ratio of 13.11 and a beta of 1.19. BOK Financial Co. has a 52 week low of $82.91 and a 52 week high of $121.58. 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 firm’s 50 day moving average is $109.59 and its two-hundred day moving average is $108.89.

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, beating 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%. Research analysts forecast that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s payout ratio is currently 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.