Oppenheimer Asset Management Inc. Sells 3,693 Shares of BOK Financial Co. (NASDAQ:BOKF)

Oppenheimer Asset Management Inc. decreased its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 26.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,428 shares of the bank’s stock after selling 3,693 shares during the period. Oppenheimer Asset Management Inc.’s holdings in BOK Financial were worth $1,110,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC increased its position in BOK Financial by 33.8% during the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock valued at $42,000 after acquiring an additional 100 shares during the last quarter. KBC Group NV increased its position in BOK Financial by 25.3% during the third quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after acquiring an additional 183 shares during the last quarter. Prospera Private Wealth LLC bought a new position in BOK Financial during the third quarter valued at $142,000. SageView Advisory Group LLC bought a new position in BOK Financial during the third quarter valued at $200,000. Finally, CIBC Asset Management Inc bought a new position in BOK Financial during the third quarter valued at $202,000. Institutional investors own 34.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Royal Bank of Canada upped their price target on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Stephens cut their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company upped their price target on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $116.40.

BOK Financial Stock Down 3.7 %

NASDAQ:BOKF opened at $104.74 on Wednesday. BOK Financial Co. has a 1-year low of $84.56 and a 1-year high of $121.58. The company has a 50-day moving average of $109.46 and a 200 day moving average of $109.25. The firm has a market cap of $6.73 billion, a PE ratio of 12.88 and a beta of 1.19. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping 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%. As a group, research analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s payout ratio is 28.04%.

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.