21,335 BOK Financial Corporation $BOKF Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. boosted its position in shares of BOK Financial Corporation (NASDAQ:BOKF) by 1,456.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,800 shares of the bank’s stock after buying an additional 21,335 shares during the quarter. Jefferies Financial Group Inc.’s holdings in BOK Financial were worth $2,882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BOKF. Raleigh Capital Management Inc. purchased a new stake in shares of BOK Financial during the third quarter worth about $28,000. Pinnacle Holdings LLC bought a new position in BOK Financial during the 2nd quarter valued at approximately $36,000. Fifth Third Bancorp raised its position in BOK Financial by 2,291.7% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock valued at $37,000 after purchasing an additional 275 shares during the last quarter. Versant Capital Management Inc raised its position in BOK Financial by 47.6% during the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock valued at $52,000 after purchasing an additional 121 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in BOK Financial in the 3rd quarter worth approximately $55,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Hovde Group initiated coverage on BOK Financial in a research report on Friday, September 11th. They issued a “market perform” rating and a $143.00 price objective on the stock. Royal Bank Of Canada decreased their target price on BOK Financial from $149.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, October 9th. DA Davidson set a $145.00 price target on BOK Financial and gave the stock a “neutral” rating in a research note on Tuesday, October 20th. Wells Fargo & Company cut shares of BOK Financial from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $148.00 to $135.00 in a report on Tuesday, September 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of BOK Financial in a report on Friday, September 4th. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $143.27.

BOK Financial Stock Down 0.4%

Shares of NASDAQ:BOKF opened at $130.15 on Friday. The firm has a market capitalization of $7.91 billion, a P/E ratio of 11.80 and a beta of 0.78. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a 50 day moving average price of $130.08 and a 200-day moving average price of $132.95. BOK Financial Corporation has a 52-week low of $102.72 and a 52-week high of $146.84.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, October 19th. The bank reported $2.64 EPS for the quarter, beating the consensus estimate of $2.52 by $0.12. The business had revenue of $561.45 million during the quarter, compared to analyst estimates of $571.40 million. BOK Financial had a return on equity of 10.45% and a net margin of 19.53%. The company’s revenue for the quarter was down 34.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.22 earnings per share. As a group, equities research analysts anticipate that BOK Financial Corporation will post 10.41 EPS for the current fiscal year.

BOK Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 18th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.4%. This is a boost from BOK Financial’s previous quarterly dividend of $0.63. The ex-dividend date is Wednesday, November 18th. BOK Financial’s dividend payout ratio is currently 22.85%.

About BOK Financial

BOK Financial is a financial services holding company headquartered in Tulsa, Oklahoma. Its history traces to the founding of Exchange National Bank in Tulsa in 1910. The company operates through banking brands that include Bank of Oklahoma, Bank of Texas and Bank of Albuquerque. BOK Financial provides commercial and consumer banking, including lending, deposit accounts, treasury and cash-management services. It also offers wealth management, investment and brokerage services, mortgage lending, and specialized financing for industries such as energy.