276 Shares in BOK Financial Co. (NASDAQ:BOKF) Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management acquired a new stake in BOK Financial Co. (NASDAQ:BOKF) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 276 shares of the bank’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew 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 buying an additional 100 shares in the last quarter. CIBC Asset Management Inc grew its holdings in BOK Financial by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock valued at $217,000 after buying an additional 107 shares in the last quarter. US Bancorp DE grew its holdings in BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock valued at $116,000 after buying an additional 121 shares in the last quarter. Tidal Investments LLC grew its holdings in BOK Financial by 1.7% in the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after buying an additional 147 shares in the last quarter. Finally, KBC Group NV grew its holdings in BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after buying an additional 183 shares in the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Price Performance

BOK Financial stock opened at $103.05 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $6.62 billion, a PE ratio of 12.68 and a beta of 1.20. BOK Financial Co. has a 12 month low of $85.02 and a 12 month high of $121.58. The stock has a 50-day moving average price of $108.28 and a two-hundred day moving average price of $109.18.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Friday, January 17th. The bank reported $2.12 EPS 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%. Analysts expect that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.21%. BOK Financial’s dividend payout ratio is presently 28.04%.

Wall Street Analysts Forecast Growth

BOKF has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their target price 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 downgraded BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday. Stephens dropped 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. Keefe, Bruyette & Woods upped their price objective on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company upped their price objective 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, BOK Financial currently has an average rating of “Hold” and a consensus target price of $119.11.

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.