Ameriprise Financial Inc. Sells 3,797 Shares of BOK Financial Co. (NASDAQ:BOKF)

Ameriprise Financial Inc. decreased its position in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,635 shares of the bank's stock after selling 3,797 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.13% of BOK Financial worth $8,584,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in BOK Financial in the fourth quarter worth about $23,516,000. Freestone Grove Partners LP purchased a new stake in BOK Financial in the fourth quarter worth about $21,740,000. AQR Capital Management LLC increased its position 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 buying an additional 184,261 shares in the last quarter. Dimensional Fund Advisors LP increased its position in BOK Financial by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank's stock worth $252,526,000 after buying an additional 98,588 shares in the last quarter. Finally, FIL Ltd purchased a new stake in BOK Financial in the fourth quarter worth about $6,281,000. Institutional investors own 34.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BOKF shares. Stephens reduced their price target on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Barclays reduced their price target on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Wall Street Zen cut BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Wells Fargo & Company cut their target price on 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, Jefferies Financial Group initiated coverage on BOK Financial in a research report on Wednesday, May 21st. They set a "hold" rating and a $105.00 target price for the company. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $111.00.

BOK Financial Price Performance

NASDAQ BOKF traded down $0.53 during trading on Monday, hitting $92.90. 130,250 shares of the stock traded hands, compared to its average volume of 160,310. The company has a market capitalization of $5.97 billion, a P/E ratio of 11.43 and a beta of 0.87. The firm has a 50-day simple moving average of $95.11 and a 200-day simple moving average of $105.28. 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 Co. has a 12-month low of $85.08 and a 12-month 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 the consensus estimate of $2.01 by ($0.15). The firm had revenue of $500.37 million for the quarter, compared to analysts' expectations of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. As a group, analysts predict that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.45%. The ex-dividend date is Thursday, May 15th. BOK Financial's dividend payout ratio is presently 26.21%.

BOK Financial 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.