California State Teachers Retirement System Reduces Stock Position in BOK Financial Co. (NASDAQ:BOKF)

California State Teachers Retirement System lessened its stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 22.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,001 shares of the bank's stock after selling 6,014 shares during the quarter. California State Teachers Retirement System's holdings in BOK Financial were worth $2,236,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. 111 Capital purchased a new position in shares of BOK Financial in the 4th quarter worth approximately $206,000. Wealth Enhancement Advisory Services LLC purchased a new stake in BOK Financial during the fourth quarter valued at approximately $559,000. Jefferies Financial Group Inc. acquired a new stake in BOK Financial in the fourth quarter valued at approximately $3,896,000. Forum Financial Management LP grew its holdings in BOK Financial by 14.7% in the fourth quarter. Forum Financial Management LP now owns 2,362 shares of the bank's stock worth $251,000 after purchasing an additional 302 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of BOK Financial by 42.7% during the fourth quarter. Squarepoint Ops LLC now owns 18,762 shares of the bank's stock worth $1,997,000 after purchasing an additional 5,617 shares in the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BOKF shares. Royal Bank of Canada lowered their price objective on 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. DA Davidson lowered their price target on BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Jefferies Financial Group initiated coverage on BOK Financial in a research note on Wednesday, May 21st. They set a "hold" rating and a $105.00 price target on the stock. Wall Street Zen lowered shares of BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Hovde Group lowered their target price 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. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $111.00.

BOK Financial Stock Performance

NASDAQ:BOKF traded up $0.61 during midday trading on Tuesday, hitting $96.28. The company's stock had a trading volume of 147,622 shares, compared to its average volume of 162,768. BOK Financial Co. has a fifty-two week low of $85.08 and a fifty-two week high of $121.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. The firm has a market cap of $6.19 billion, a P/E ratio of 11.84 and a beta of 0.87. The firm's 50 day moving average is $93.30 and its 200-day moving average is $103.76.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced 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). 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 for the quarter, compared to analysts' expectations of $520.86 million. Equities analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Thursday, May 15th. BOK Financial's payout ratio is currently 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.