Parallel Advisors LLC Grows Stock Position in BOK Financial Co. (NASDAQ:BOKF)

Parallel Advisors LLC raised its holdings in BOK Financial Co. (NASDAQ:BOKF) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,399 shares of the bank’s stock after buying an additional 510 shares during the period. Parallel Advisors LLC’s holdings in BOK Financial were worth $681,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Picton Mahoney Asset Management acquired a new position in shares of BOK Financial in the 4th quarter valued at approximately $30,000. Venturi Wealth Management LLC raised its position in shares of 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 purchasing an additional 100 shares in the last quarter. KBC Group NV raised its position in shares of 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 purchasing an additional 183 shares in the last quarter. US Bancorp DE raised its position in shares of 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 purchasing an additional 121 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in shares of BOK Financial in the 3rd quarter valued at approximately $142,000. 34.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. 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 lowered BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday. Keefe, Bruyette & Woods upped their price target on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company upped their price target on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Finally, Stephens dropped their price target 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. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $119.11.

BOK Financial Price Performance

Shares of BOKF opened at $102.57 on Friday. BOK Financial Co. has a 12 month low of $85.02 and a 12 month high of $121.58. The company has a market cap of $6.59 billion, a P/E ratio of 12.62 and a beta of 1.20. The stock has a fifty day moving average price of $107.96 and a 200 day moving average price of $109.08. 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 results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts forecast that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a dividend yield of 2.22%. 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.