BOK Financial Co. (NASDAQ:BOKF) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp lowered its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,105,807 shares of the bank’s stock after selling 74,151 shares during the quarter. BOK Financial comprises about 0.7% of Cibc World Markets Corp’s holdings, making the stock its 25th largest position. Cibc World Markets Corp owned 1.72% of BOK Financial worth $117,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of BOKF. Venturi Wealth Management LLC increased its stake in BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock valued at $42,000 after buying an additional 100 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of BOK Financial by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock worth $217,000 after purchasing an additional 107 shares during the period. US Bancorp DE boosted its holdings in shares of BOK Financial by 12.5% during 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. Tidal Investments LLC lifted its stake in BOK Financial by 1.7% in the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after acquiring an additional 147 shares during the last quarter. Finally, KBC Group NV lifted its stake in BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after acquiring an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Performance

BOK Financial stock opened at $101.93 on Monday. The business’s 50-day moving average price is $108.40 and its two-hundred day moving average price is $109.19. BOK Financial Co. has a 12-month low of $85.02 and a 12-month high of $121.58. The stock has a market cap of $6.55 billion, a PE ratio of 12.54 and a beta of 1.20. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57.

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%. As a group, 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. Investors 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 yield of 2.24%. BOK Financial’s dividend payout ratio (DPR) is currently 28.04%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BOKF shares. Royal Bank of Canada boosted their price objective 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. 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 report on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their price target on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens reduced their target price 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 shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.11.

BOK Financial Company 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.