Balyasny Asset Management L.P. Has $324,000 Stake in BOK Financial Co. (NASDAQ:BOKF)

Balyasny Asset Management L.P. trimmed its position in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 76.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,042 shares of the bank's stock after selling 9,984 shares during the period. Balyasny Asset Management L.P.'s holdings in BOK Financial were worth $324,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its position in shares of BOK Financial by 33.8% during the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock worth $42,000 after buying an additional 100 shares during the period. CIBC Asset Management Inc raised its stake in BOK Financial by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank's stock valued at $217,000 after acquiring an additional 107 shares in the last quarter. US Bancorp DE boosted its position in BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after acquiring an additional 121 shares during the period. O Shaughnessy Asset Management LLC boosted its position in BOK Financial by 7.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,283 shares of the bank's stock worth $349,000 after acquiring an additional 218 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of BOK Financial by 5.9% in the fourth quarter. Stifel Financial Corp now owns 4,643 shares of the bank's stock worth $494,000 after purchasing an additional 258 shares in the last quarter. Institutional investors own 34.44% of the company's stock.

BOK Financial Price Performance

Shares of BOKF traded down $0.26 during trading hours on Thursday, hitting $93.28. 21,605 shares of the company were exchanged, compared to its average volume of 158,965. The firm has a fifty day simple moving average of $95.71 and a 200-day simple moving average of $105.76. The company has a market capitalization of $5.99 billion, a PE ratio of 11.47 and a beta of 0.87. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. BOK Financial Co. has a one year low of $85.08 and a one year high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). The company had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. As a group, sell-side analysts predict 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, May 28th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial's dividend payout ratio (DPR) is currently 26.21%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BOKF. Royal Bank of Canada cut their price objective on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. DA Davidson lowered their target price on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Hovde Group reduced their price target on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Stephens decreased their price objective on shares of BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Finally, StockNews.com cut BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $111.00.

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.