8,449 Shares in BOK Financial Co. (NASDAQ:BOKF) Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC bought a new stake in BOK Financial Co. (NASDAQ:BOKF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 8,449 shares of the bank’s stock, valued at approximately $724,000.

Several other hedge funds have also recently bought and sold shares of BOKF. Schonfeld Strategic Advisors LLC grew its holdings in shares of BOK Financial by 4.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock valued at $26,012,000 after purchasing an additional 14,639 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in BOK Financial by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 250,596 shares of the bank’s stock worth $20,043,000 after buying an additional 4,514 shares during the period. Cambiar Investors LLC boosted its position in BOK Financial by 3.5% during the 4th quarter. Cambiar Investors LLC now owns 130,781 shares of the bank’s stock worth $11,201,000 after buying an additional 4,433 shares during the period. AQR Capital Management LLC boosted its position in BOK Financial by 8.8% during the 3rd quarter. AQR Capital Management LLC now owns 97,268 shares of the bank’s stock worth $7,770,000 after buying an additional 7,852 shares during the period. Finally, Invesco Ltd. boosted its position in BOK Financial by 50.0% during the 3rd quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock worth $6,804,000 after buying an additional 28,367 shares during the period. 34.44% of the stock is owned by institutional investors.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $81.59, for a total transaction of $244,770.00. Following the completion of the sale, the director now owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 56.94% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup lifted their target price on shares of BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. DA Davidson lifted their target price on shares of BOK Financial from $90.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday. Hovde Group boosted their price target on shares of BOK Financial from $96.00 to $97.00 and gave the stock a “market perform” rating in a research report on Thursday. Raymond James restated an “outperform” rating and issued a $105.00 price target (up previously from $103.00) on shares of BOK Financial in a research report on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $97.10.

BOK Financial Stock Performance

Shares of BOKF stock opened at $90.83 on Friday. The firm has a market capitalization of $5.87 billion, a PE ratio of 13.24 and a beta of 1.21. The firm has a fifty day simple moving average of $87.55 and a two-hundred day simple moving average of $81.51. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52. BOK Financial Co. has a 12 month low of $62.42 and a 12 month high of $93.51.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.72 by $0.19. BOK Financial had a net margin of 13.93% and a return on equity of 10.62%. The business had revenue of $806.91 million for the quarter, compared to the consensus estimate of $473.70 million. During the same period in the prior year, the firm earned $2.43 earnings per share. Analysts forecast that BOK Financial Co. will post 7.43 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Tuesday, February 13th. BOK Financial’s payout ratio is currently 32.07%.

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.