State of Alaska Department of Revenue purchased a new position in BOK Financial Co. (NASDAQ:BOKF) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,500 shares of the bank’s stock, valued at approximately $138,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Nationwide Fund Advisors raised its position in shares of BOK Financial by 2.0% in the 2nd quarter. Nationwide Fund Advisors now owns 15,010 shares of the bank’s stock valued at $1,263,000 after purchasing an additional 300 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of BOK Financial by 1.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 52,179 shares of the bank’s stock valued at $4,390,000 after purchasing an additional 954 shares in the last quarter. Legal & General Group Plc raised its position in shares of BOK Financial by 11.2% in the 3rd quarter. Legal & General Group Plc now owns 9,803 shares of the bank’s stock valued at $873,000 after purchasing an additional 984 shares in the last quarter. Teachers Advisors LLC raised its position in shares of BOK Financial by 3.7% in the 2nd quarter. Teachers Advisors LLC now owns 29,983 shares of the bank’s stock valued at $2,522,000 after purchasing an additional 1,072 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of BOK Financial in the 3rd quarter valued at approximately $101,000. Hedge funds and other institutional investors own 32.85% of the company’s stock.

Shares of BOK Financial Co. (NASDAQ:BOKF) opened at $92.54 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.90 and a current ratio of 0.91. The stock has a market capitalization of $5,926.74, a P/E ratio of 17.10, a P/E/G ratio of 1.77 and a beta of 1.01. BOK Financial Co. has a 52-week low of $73.44 and a 52-week high of $98.80.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, January 24th. The bank reported $1.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.05). The firm had revenue of $383.70 million for the quarter, compared to analyst estimates of $391.73 million. BOK Financial had a net margin of 20.14% and a return on equity of 10.05%. During the same period in the prior year, the company posted $1.09 earnings per share. research analysts predict that BOK Financial Co. will post 6.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a dividend of $0.45 per share. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, February 8th. BOK Financial’s dividend payout ratio is currently 35.16%.

A number of equities analysts have issued reports on BOKF shares. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $89.00 target price on shares of BOK Financial in a research report on Thursday, October 19th. Zacks Investment Research lowered BOK Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $92.00 target price on shares of BOK Financial in a research report on Friday, October 27th. ValuEngine lowered BOK Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Morgan Stanley upped their target price on BOK Financial from $85.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. BOK Financial has an average rating of “Hold” and a consensus price target of $97.89.

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About BOK Financial

BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.

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Institutional Ownership by Quarter for BOK Financial (NASDAQ:BOKF)

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