BOK Financial Co. (NASDAQ:BOKF) Shares Bought by KBC Group NV

KBC Group NV lifted its position in BOK Financial Co. (NASDAQ:BOKF) by 32.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,201 shares of the bank’s stock after acquiring an additional 296 shares during the quarter. KBC Group NV’s holdings in BOK Financial were worth $128,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in shares of BOK Financial by 433.0% during the 4th quarter. SG Americas Securities LLC now owns 9,216 shares of the bank’s stock worth $981,000 after purchasing an additional 7,487 shares in the last quarter. Merit Financial Group LLC acquired a new position in BOK Financial during the 4th quarter worth $256,000. USA Financial Formulas acquired a new stake in BOK Financial in the 4th quarter valued at approximately $319,000. Tidal Investments LLC raised its stake in BOK Financial by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after purchasing an additional 147 shares during the last quarter. Finally, XTX Topco Ltd lifted its stake in shares of BOK Financial by 9.6% in the third quarter. XTX Topco Ltd now owns 3,940 shares of the bank’s stock valued at $412,000 after buying an additional 346 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Price Performance

Shares of BOKF stock opened at $111.14 on Friday. BOK Financial Co. has a 12-month low of $78.99 and a 12-month high of $121.58. The firm has a fifty day moving average of $111.43 and a 200-day moving average of $108.05. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 13.67 and a beta of 1.19. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.96%. On average, equities research analysts forecast that BOK Financial Co. will post 8.71 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) is currently 28.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BOKF shares. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a report on Tuesday, October 22nd. DA Davidson dropped their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada raised their target price 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 note on Wednesday, January 22nd. Finally, Wells Fargo & Company upped 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. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, BOK Financial currently has an average rating of “Hold” and an average target price 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.