BOK Financial Co. (NASDAQ:BOKF) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its stake in BOK Financial Co. (NASDAQ:BOKF) by 14.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,141 shares of the bank’s stock after selling 2,332 shares during the quarter. Edgestream Partners L.P.’s holdings in BOK Financial were worth $1,505,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Inceptionr LLC acquired a new position in shares of BOK Financial in the 4th quarter worth $623,000. Raymond James Financial Inc. acquired a new stake in shares of BOK Financial in the fourth quarter worth $6,138,000. Aigen Investment Management LP acquired a new stake in shares of BOK Financial in the fourth quarter worth $275,000. Victory Capital Management Inc. boosted its position in shares of BOK Financial by 85.3% in the fourth quarter. Victory Capital Management Inc. now owns 9,245 shares of the bank’s stock worth $984,000 after buying an additional 4,256 shares during the period. Finally, US Bancorp DE boosted its position in shares of 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 buying an additional 121 shares during the period. 34.44% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Trading Down 3.2 %

BOK Financial stock opened at $99.15 on Tuesday. 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 business’s 50-day simple moving average is $108.95 and its 200-day simple moving average is $109.30. The firm has a market capitalization of $6.37 billion, a PE ratio of 12.20 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.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. Equities research analysts forecast that BOK Financial Co. will post 8.83 earnings per share for the current 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 paid a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.30%. BOK Financial’s payout ratio is presently 28.04%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com raised BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their target price on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Royal Bank of Canada raised their target price on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company raised their target price on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Finally, Stephens reduced their price objective on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, BOK Financial presently has an average rating of “Hold” and a consensus price target 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.