Reinhart Partners LLC. Sells 5,096 Shares of BOK Financial Co. (NASDAQ:BOKF)

Reinhart Partners LLC. trimmed its position in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,500 shares of the bank's stock after selling 5,096 shares during the quarter. Reinhart Partners LLC. owned approximately 0.11% of BOK Financial worth $7,655,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BOKF. Norges Bank purchased a new position in shares of BOK Financial during the fourth quarter valued at approximately $23,516,000. Freestone Grove Partners LP purchased a new position in BOK Financial in the 4th quarter worth approximately $21,740,000. AQR Capital Management LLC raised its holdings in BOK Financial by 80.0% in the 4th quarter. AQR Capital Management LLC now owns 414,548 shares of the bank's stock worth $44,129,000 after acquiring an additional 184,261 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings 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 worth $252,526,000 after acquiring an additional 98,588 shares during the last quarter. Finally, FIL Ltd purchased a new position in BOK Financial in the 4th quarter worth approximately $6,281,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Price Performance

BOKF stock traded up $0.61 during trading on Tuesday, reaching $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 1 year low of $85.08 and a 1 year high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $6.19 billion, a P/E ratio of 11.84 and a beta of 0.87. The company's fifty day moving average is $93.30 and its 200-day moving average is $103.76.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, research analysts expect that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Thursday, May 15th. BOK Financial's dividend payout ratio (DPR) is 26.21%.

Analysts Set New Price Targets

A number of brokerages have recently commented on BOKF. Royal Bank of Canada reduced 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 research note on Wednesday, April 23rd. Jefferies Financial Group started coverage on shares of BOK Financial in a research note on Wednesday, May 21st. They set a "hold" rating and a $105.00 target price for the company. Wells Fargo & Company decreased their target price 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. Hovde Group decreased 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. Finally, Wall Street Zen lowered shares of BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.