Nuveen Asset Management LLC Sells 9,599 Shares of BOK Financial Co. (NASDAQ:BOKF)

Nuveen Asset Management LLC decreased its holdings in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 18.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,251 shares of the bank's stock after selling 9,599 shares during the quarter. Nuveen Asset Management LLC owned about 0.07% of BOK Financial worth $4,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BOKF. Vanguard Group Inc. grew its holdings in shares of BOK Financial by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank's stock valued at $260,328,000 after buying an additional 11,418 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in BOK Financial by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank's stock valued at $252,526,000 after acquiring an additional 98,588 shares in the last quarter. AQR Capital Management LLC boosted its stake in BOK Financial by 80.0% during the 4th quarter. AQR Capital Management LLC now owns 414,548 shares of the bank's stock valued at $44,129,000 after purchasing an additional 184,261 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of BOK Financial by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 410,570 shares of the bank's stock worth $43,718,000 after purchasing an additional 5,028 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of BOK Financial by 29.4% in the fourth quarter. Millennium Management LLC now owns 252,779 shares of the bank's stock worth $26,908,000 after purchasing an additional 57,420 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company's stock.

BOK Financial Stock Performance

Shares of BOKF stock traded down $1.24 during trading hours on Wednesday, reaching $94.22. 12,609 shares of the company traded hands, compared to its average volume of 161,928. The firm has a 50-day moving average price of $93.96 and a 200 day moving average price of $104.47. The company has a market cap of $6.05 billion, a P/E ratio of 11.59 and a beta of 0.87. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. 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 posted its quarterly earnings results on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). The firm had revenue of $500.37 million during the quarter, compared to the consensus estimate of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. As a group, sell-side analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.42%. BOK Financial's dividend payout ratio is presently 26.21%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stephens reduced their price objective on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company reduced 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 note on Wednesday, April 9th. Barclays lowered their price objective 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. Wall Street Zen downgraded shares of BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Raymond James set a $105.00 price target on BOK Financial in a report on Tuesday, April 22nd. Eight 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 stock currently has an average rating of "Hold" and a consensus 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.