Hussman Strategic Advisors Inc. Purchases New Shares in BOK Financial Co. (NASDAQ:BOKF)

Hussman Strategic Advisors Inc. purchased a new stake in BOK Financial Co. (NASDAQ:BOKF) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 4,200 shares of the bank’s stock, valued at approximately $447,000.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning boosted its stake in BOK Financial by 130.1% in the 3rd quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after purchasing an additional 6,755 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in BOK Financial by 7.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock valued at $14,238,000 after purchasing an additional 9,863 shares during the period. Meritage Portfolio Management bought a new stake in BOK Financial in the 4th quarter valued at $444,000. SG Americas Securities LLC boosted its stake in BOK Financial by 433.0% in the 4th quarter. SG Americas Securities LLC now owns 9,216 shares of the bank’s stock valued at $981,000 after purchasing an additional 7,487 shares during the period. Finally, Merit Financial Group LLC bought a new stake in BOK Financial in the 4th quarter valued at $256,000. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Stock Performance

Shares of BOKF opened at $109.34 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 13.45 and a beta of 1.19. The stock has a 50 day moving average of $110.14 and a 200 day moving average of $108.52. BOK Financial Co. has a 12 month low of $82.26 and a 12 month high of $121.58.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. As a group, sell-side analysts forecast that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Wednesday, February 12th. BOK Financial’s dividend payout ratio is currently 28.04%.

Analysts Set New Price Targets

BOKF has been the subject of several recent research reports. StockNews.com upgraded BOK Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their target price 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. 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. Wells Fargo & Company upped their target price 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 cut their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $116.40.

BOK Financial Company 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.