Cerity Partners LLC Reduces Stock Position in BOK Financial Corporation (NASDAQ:BOKF)

Cerity Partners LLC cut its stake in shares of BOK Financial Corporation (NASDAQ:BOKF) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,683 shares of the bank’s stock after selling 295 shares during the period. Cerity Partners LLC’s holdings in BOK Financial were worth $800,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BOKF. True Wealth Design LLC lifted its position in BOK Financial by 66.9% during the fourth quarter. True Wealth Design LLC now owns 282 shares of the bank’s stock valued at $30,000 after purchasing an additional 113 shares during the last quarter. Aster Capital Management DIFC Ltd raised its holdings in shares of BOK Financial by 538.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank’s stock valued at $126,000 after acquiring an additional 997 shares in the last quarter. Sterling Capital Management LLC raised its stake in BOK Financial by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,360 shares of the bank’s stock worth $145,000 after buying an additional 495 shares in the last quarter. Versant Capital Management Inc raised its position in shares of BOK Financial by 1,046.7% in the 1st quarter. Versant Capital Management Inc now owns 1,376 shares of the bank’s stock worth $143,000 after acquiring an additional 1,256 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of BOK Financial during the 4th quarter worth approximately $204,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target on BOK Financial from $104.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Hovde Group upped their price target on BOK Financial from $110.00 to $123.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup upped their price objective on shares of BOK Financial from $97.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Stephens reduced their price target on shares of BOK Financial from $124.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 23rd. Finally, DA Davidson increased their price objective on BOK Financial from $114.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $112.58.

BOK Financial Stock Performance

NASDAQ BOKF opened at $107.25 on Thursday. The company has a 50-day simple moving average of $97.66 and a two-hundred day simple moving average of $100.75. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.57. BOK Financial Corporation has a 12-month low of $85.08 and a 12-month high of $121.58. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 12.84 and a beta of 0.86.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, July 21st. The bank reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.21. BOK Financial had a net margin of 15.80% and a return on equity of 9.49%. The company had revenue of $525.50 million during the quarter, compared to analyst estimates of $521.80 million. During the same period in the prior year, the business posted $2.54 earnings per share. On average, equities analysts forecast that BOK Financial Corporation will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Thursday, May 15th. BOK Financial’s dividend payout ratio is presently 27.31%.

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.