BOK Financial Co. (NASDAQ:BOKF) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 22.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 21,001 shares of the bank's stock after selling 6,014 shares during the period. California State Teachers Retirement System's holdings in BOK Financial were worth $2,236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. 111 Capital purchased a new stake in shares of BOK Financial in the fourth quarter valued at about $206,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of BOK Financial in the fourth quarter valued at about $559,000. Jefferies Financial Group Inc. purchased a new stake in shares of BOK Financial in the fourth quarter valued at about $3,896,000. Forum Financial Management LP raised its holdings in shares of BOK Financial by 14.7% in the fourth quarter. Forum Financial Management LP now owns 2,362 shares of the bank's stock valued at $251,000 after buying an additional 302 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of BOK Financial by 42.7% in the fourth quarter. Squarepoint Ops LLC now owns 18,762 shares of the bank's stock valued at $1,997,000 after buying an additional 5,617 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Trading Up 3.0%

Shares of BOK Financial stock opened at $96.46 on Friday. BOK Financial Co. has a 12-month low of $85.08 and a 12-month high of $121.58. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The stock has a market cap of $6.20 billion, a PE ratio of 11.86 and a beta of 0.87. The company has a 50-day moving average of $93.42 and a two-hundred day moving average of $104.12.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its 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 net margin of 15.32% and a return on equity of 9.86%. The company had revenue of $500.37 million during the quarter, compared to analysts' expectations of $520.86 million. On average, research analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th were issued a $0.57 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.36%. BOK Financial's dividend payout ratio (DPR) is presently 26.21%.

Analyst Ratings Changes

BOKF has been the subject of a number of research reports. DA Davidson reduced their target price on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Hovde Group reduced their target price on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada cut 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 report on Wednesday, April 23rd. Stephens cut their price target 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, Wall Street Zen cut shares of 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.

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