Balyasny Asset Management L.P. Cuts Stake in BOK Financial Co. (NASDAQ:BOKF)

Balyasny Asset Management L.P. decreased its stake 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 and Exchange Commission (SEC). The institutional investor owned 3,042 shares of the bank's stock after selling 9,984 shares during the quarter. Balyasny Asset Management L.P.'s holdings in BOK Financial were worth $324,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in BOK Financial by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank's stock worth $260,328,000 after purchasing an additional 11,418 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of BOK Financial by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank's stock valued at $252,526,000 after acquiring an additional 98,588 shares in the last quarter. AQR Capital Management LLC lifted its stake in BOK Financial by 80.0% in the fourth quarter. AQR Capital Management LLC now owns 414,548 shares of the bank's stock worth $44,129,000 after acquiring an additional 184,261 shares during the period. Geode Capital Management LLC grew its holdings in BOK Financial by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 410,570 shares of the bank's stock worth $43,718,000 after acquiring an additional 5,028 shares in the last quarter. Finally, Norges Bank purchased a new position in BOK Financial during the 4th quarter valued at about $23,516,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BOKF has been the subject of a number of recent research reports. StockNews.com downgraded shares of BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Hovde Group reduced their price target on BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. DA Davidson dropped their price objective on BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Stephens cut their target price on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada decreased their price target on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $111.60.

BOK Financial Stock Performance

BOKF stock traded down $0.88 during midday trading on Tuesday, reaching $96.88. The stock had a trading volume of 163,035 shares, compared to its average volume of 159,159. The firm has a fifty day simple moving average of $95.92 and a two-hundred day simple moving average of $105.91. BOK Financial Co. has a 52-week low of $85.08 and a 52-week high of $121.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. The stock has a market cap of $6.23 billion, a PE ratio of 11.92 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.15). The firm had revenue of $500.37 million during the quarter, compared to analysts' expectations of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. As a group, equities research analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The firm also recently disclosed 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 2.35%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial's payout ratio is 26.21%.

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.