Hussman Strategic Advisors Inc. Makes New Investment in BOK Financial Co. (NASDAQ:BOKF)

Hussman Strategic Advisors Inc. bought a new position in shares of BOK Financial Co. (NASDAQ:BOKF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,200 shares of the bank’s stock, valued at approximately $447,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOKF. Jacobs Levy Equity Management Inc. boosted its holdings in BOK Financial by 28.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock worth $23,408,000 after buying an additional 48,942 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in BOK Financial by 55.6% during the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock worth $14,315,000 after buying an additional 48,874 shares during the last quarter. Jane Street Group LLC boosted its holdings in BOK Financial by 309.8% during the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock worth $4,662,000 after buying an additional 33,686 shares during the last quarter. Ieq Capital LLC bought a new position in BOK Financial during the fourth quarter worth about $2,984,000. Finally, Quest Partners LLC bought a new position in BOK Financial during the third quarter worth about $1,923,000. Institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Down 1.3 %

Shares of BOK Financial stock opened at $109.34 on Friday. The business’s 50 day simple moving average is $110.14 and its 200 day simple moving average is $108.52. BOK Financial Co. has a 52-week low of $82.26 and a 52-week high of $121.58. The firm has a market cap of $7.01 billion, a PE ratio of 13.45 and a beta of 1.19. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. On average, analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) is 28.04%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BOKF shares. Wells Fargo & Company lifted their price objective on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Stephens cut their price objective on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. StockNews.com upgraded BOK Financial from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price objective on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada lifted their price objective on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, BOK Financial currently has a consensus rating of “Hold” and an average price target of $116.40.

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.