Y Intercept Hong Kong Ltd Acquires Shares of 7,489 BOK Financial Co. (NASDAQ:BOKF)

Y Intercept Hong Kong Ltd acquired a new stake in BOK Financial Co. (NASDAQ:BOKF) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 7,489 shares of the bank’s stock, valued at approximately $797,000.

Other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in BOK Financial by 33.8% in the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock valued at $42,000 after purchasing an additional 100 shares in the last quarter. KBC Group NV boosted its stake in shares of BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after acquiring an additional 183 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of BOK Financial during the 3rd quarter worth approximately $142,000. SageView Advisory Group LLC purchased a new stake in shares of BOK Financial during the 3rd quarter worth approximately $200,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of BOK Financial during the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Trading Up 1.2 %

Shares of BOKF opened at $108.96 on Friday. The stock has a fifty day moving average of $109.56 and a two-hundred day moving average of $108.98. 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 company has a market capitalization of $7.00 billion, a PE ratio of 13.40 and a beta of 1.19. BOK Financial Co. has a fifty-two week low of $83.22 and a fifty-two week high of $121.58.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results 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%. As a group, analysts forecast that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.09%. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

Analysts Set New Price Targets

Several brokerages have recently commented on BOKF. Wells Fargo & Company boosted their price target on BOK Financial from $105.00 to $112.00 and gave the stock 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 stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com raised BOK Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Stephens cut 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. Finally, Royal Bank of Canada lifted their price objective 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. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $116.40.

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.