D. E. Shaw & Co. Inc. Has $1.57 Million Position in BOK Financial Co. (NASDAQ:BOKF)

D. E. Shaw & Co. Inc. cut its position in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 69.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,767 shares of the bank's stock after selling 33,559 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in BOK Financial were worth $1,572,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings in shares of BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of BOK Financial by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank's stock valued at $217,000 after purchasing an additional 107 shares during the last quarter. US Bancorp DE grew its holdings in shares of BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock valued at $116,000 after purchasing an additional 121 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of BOK Financial by 7.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,283 shares of the bank's stock valued at $349,000 after purchasing an additional 218 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of BOK Financial by 5.9% during the 4th quarter. Stifel Financial Corp now owns 4,643 shares of the bank's stock valued at $494,000 after purchasing an additional 258 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Stock Down 3.4%

BOK Financial stock opened at $93.54 on Thursday. 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. The firm's fifty day moving average is $95.71 and its 200 day moving average is $105.76. The company has a market capitalization of $6.01 billion, a PE ratio of 11.51 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $520.86 million. As a group, sell-side analysts predict that BOK Financial Co. will post 8.83 EPS for the current fiscal 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 issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.28 annualized dividend and a yield of 2.44%. BOK Financial's payout ratio is 26.21%.

Analyst Ratings Changes

BOKF has been the topic of several research reports. Barclays decreased their price target on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Raymond James set a $105.00 target price on shares of BOK Financial in a report on Tuesday, April 22nd. DA Davidson reduced their target price on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Finally, Royal Bank of Canada reduced their target price on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $111.00.

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.

Want to see what other hedge funds are holding BOKF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BOK Financial Co. (NASDAQ:BOKF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.