BOK Financial Co. (NASDAQ:BOKF) Stock Position Reduced by Rafferty Asset Management LLC

Rafferty Asset Management LLC lessened its holdings in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,166 shares of the bank's stock after selling 3,979 shares during the period. Rafferty Asset Management LLC's holdings in BOK Financial were worth $2,998,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management purchased a new stake in BOK Financial during the fourth quarter worth $30,000. Venturi Wealth Management LLC boosted its position in BOK Financial by 33.8% during the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock worth $42,000 after purchasing an additional 100 shares in the last quarter. US Bancorp DE boosted its position in BOK Financial by 12.5% during the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after purchasing an additional 121 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its position in BOK Financial by 538.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock worth $126,000 after purchasing an additional 997 shares in the last quarter. Finally, KBC Group NV boosted its position in BOK Financial by 32.7% during the fourth quarter. KBC Group NV now owns 1,201 shares of the bank's stock worth $128,000 after purchasing an additional 296 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Barclays decreased their target price on 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. Wells Fargo & Company decreased their target price on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. DA Davidson reduced their price objective on BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada reduced their price objective on BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Jefferies Financial Group started coverage on BOK Financial in a research report on Wednesday. They issued a "hold" rating and a $105.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $111.00.

BOK Financial Stock Down 0.6%

Shares of BOKF stock traded down $0.53 during trading hours on Friday, reaching $92.90. The company had a trading volume of 130,250 shares, compared to its average volume of 160,310. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. BOK Financial Co. has a twelve month low of $85.08 and a twelve month high of $121.58. The company has a market capitalization of $5.97 billion, a P/E ratio of 11.43 and a beta of 0.87. The stock's fifty day simple moving average is $95.33 and its 200 day simple moving average is $105.44.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted 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 analyst estimates of $520.86 million. As a group, sell-side analysts expect that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.45%. BOK Financial's dividend payout ratio (DPR) 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.