BOK Financial Co. (NASDAQ:BOKF) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its holdings in BOK Financial Co. (NASDAQ:BOKF) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 229,336 shares of the bank’s stock after acquiring an additional 5,591 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.36% of BOK Financial worth $24,413,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BOKF. Norges Bank purchased a new stake in shares of BOK Financial in the 4th quarter valued at approximately $23,516,000. Freestone Grove Partners LP purchased a new stake in shares of BOK Financial in the 4th quarter valued at approximately $21,740,000. AQR Capital Management LLC grew its stake in shares of BOK Financial by 80.0% in the 4th quarter. AQR Capital Management LLC now owns 414,548 shares of the bank’s stock valued at $44,129,000 after buying an additional 184,261 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of BOK Financial by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank’s stock valued at $252,526,000 after buying an additional 98,588 shares during the period. Finally, FIL Ltd purchased a new stake in shares of BOK Financial in the 4th quarter valued at approximately $6,281,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Stephens dropped their price target on shares of BOK Financial from $124.00 to $110.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 23rd. Royal Bank of Canada dropped their price target on shares of BOK Financial from $119.00 to $104.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 23rd. StockNews.com cut shares of BOK Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Barclays dropped their price target on shares of BOK Financial from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Finally, DA Davidson lowered their price objective on shares of BOK Financial from $122.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and a consensus price target of $111.60.

BOK Financial Price Performance

BOK Financial stock opened at $95.35 on Monday. The firm has a market cap of $6.13 billion, a PE ratio of 11.73 and a beta of 0.87. BOK Financial Co. has a 52-week low of $85.08 and a 52-week high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $96.34 and its two-hundred day moving average is $106.27.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.15). The business had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. On average, research analysts expect that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.39%. BOK Financial’s dividend payout ratio (DPR) is presently 26.21%.

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.