Cannon Global Investment Management LLC Has $447,000 Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

Cannon Global Investment Management LLC lifted its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 100.0% in the 4th quarter, HoldingsChannel reports. The fund owned 4,200 shares of the bank’s stock after purchasing an additional 2,100 shares during the period. Cannon Global Investment Management LLC’s holdings in BOK Financial were worth $447,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BOKF. Vanguard Group Inc. boosted its holdings in BOK Financial by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank’s stock worth $260,328,000 after acquiring an additional 11,418 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of BOK Financial by 28.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock valued at $23,408,000 after purchasing an additional 48,942 shares during the period. Point72 Asset Management L.P. lifted its position in shares of BOK Financial by 55.6% during the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock worth $14,315,000 after acquiring an additional 48,874 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in BOK Financial by 7.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock worth $14,238,000 after purchasing an additional 9,863 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in BOK Financial by 0.7% during the third 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 acquiring an additional 564 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BOKF shares. Stephens reduced their price objective on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped 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. Royal Bank of Canada upped their price objective on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. StockNews.com lowered BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, Wells Fargo & Company upped 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. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $119.11.

BOK Financial Trading Down 0.5 %

BOKF stock opened at $102.02 on Monday. The firm has a market cap of $6.55 billion, a PE ratio of 12.55 and a beta of 1.20. The firm has a fifty day moving average price of $107.91 and a 200 day moving average price of $109.14. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. BOK Financial Co. has a fifty-two week low of $85.02 and a fifty-two week high of $121.58.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data 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 9.86%. Sell-side analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s dividend payout ratio is currently 28.04%.

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.