Legal & General Group Plc Lowers Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

Legal & General Group Plc lowered its position in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 28.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 22,613 shares of the bank's stock after selling 8,977 shares during the period. Legal & General Group Plc's holdings in BOK Financial were worth $2,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tidal Investments LLC grew its holdings in BOK Financial by 1.7% in the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank's stock valued at $933,000 after buying an additional 147 shares in the last quarter. USA Financial Formulas acquired a new position in BOK Financial in the 4th quarter valued at about $319,000. Merit Financial Group LLC purchased a new stake in shares of BOK Financial in the 4th quarter valued at approximately $256,000. SG Americas Securities LLC increased its holdings in shares of BOK Financial by 433.0% during the 4th quarter. SG Americas Securities LLC now owns 9,216 shares of the bank's stock worth $981,000 after buying an additional 7,487 shares during the last quarter. Finally, KBC Group NV raised its position in shares of BOK Financial by 32.7% during the 4th quarter. KBC Group NV now owns 1,201 shares of the bank's stock valued at $128,000 after buying an additional 296 shares during the period. Institutional investors and hedge funds own 34.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. DA Davidson cut their target price on BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Raymond James set a $105.00 price objective on BOK Financial in a research report on Tuesday, April 22nd. Barclays decreased their target price on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company dropped their price target on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Finally, Hovde Group decreased their price objective on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $111.60.

BOK Financial Stock Performance

BOKF traded down $0.83 on Wednesday, reaching $93.17. The company had a trading volume of 324,384 shares, compared to its average volume of 154,427. The stock has a 50-day moving average price of $98.09 and a 200-day moving average price of $107.10. The stock has a market capitalization of $5.98 billion, a PE ratio of 11.46 and a beta of 0.93. BOK Financial Co. has a 1 year low of $85.08 and a 1 year high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. The firm had revenue of $500.37 million for the quarter, compared to analysts' expectations of $520.86 million. As a group, research analysts forecast that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

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.