Martin & Co. Inc. TN Reduces Stake in BOK Financial Co. (NASDAQ:BOKF)

Martin & Co. Inc. TN decreased its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,528 shares of the bank’s stock after selling 632 shares during the period. Martin & Co. Inc. TN’s holdings in BOK Financial were worth $1,866,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. raised its holdings in shares of BOK Financial by 28.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock valued at $23,408,000 after acquiring an additional 48,942 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of BOK Financial by 55.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock valued at $14,315,000 after purchasing an additional 48,874 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of BOK Financial by 7.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock valued at $14,238,000 after purchasing an additional 9,863 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of BOK Financial by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,609 shares of the bank’s stock valued at $8,643,000 after purchasing an additional 564 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of BOK Financial by 309.8% during the 3rd quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock valued at $4,662,000 after purchasing an additional 33,686 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Analysts Set New Price Targets

BOKF has been the topic of several recent research reports. Wedbush reiterated a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a research report on Tuesday, October 22nd. DA Davidson reduced their price target on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company raised their price target 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. StockNews.com upgraded BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada raised their price target 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $116.40.

BOK Financial Price Performance

Shares of BOKF stock opened at $110.57 on Monday. The firm has a market cap of $7.09 billion, a P/E ratio of 13.60 and a beta of 1.19. BOK Financial Co. has a fifty-two week low of $81.96 and a fifty-two week high of $121.58. The business’s 50 day moving average price is $110.66 and its 200-day moving average price is $108.31. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. On average, equities research analysts anticipate that BOK Financial Co. will post 8.75 earnings per share for the current year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Wednesday, February 12th. BOK Financial’s payout ratio is presently 28.04%.

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.