BOK Financial Corporation $BOKF Shares Sold by Reinhart Partners LLC.

Key Points

• Reinhart Partners LLC reduced its stake in BOK Financial Corporation by 7.5%, selling 5,485 shares and holding 68,015 shares worth approximately $6.64 million as of its latest SEC filing.
• BOK Financial reported $2.19 EPS for the last quarter, exceeding the consensus estimate of $1.98, with revenues of $525.5 million surpassing expectations as well.
• The company declared a quarterly dividend of $0.57 per share, reflecting an annualized yield of 2.1%, and has seen positive adjustments in target prices from several prominent analysts.

Reinhart Partners LLC. lowered its position in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 68,015 shares of the bank's stock after selling 5,485 shares during the quarter. Reinhart Partners LLC. owned about 0.11% of BOK Financial worth $6,640,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Strs Ohio purchased a new position in shares of BOK Financial in the first quarter valued at $1,915,000. Acadian Asset Management LLC purchased a new stake in BOK Financial in the 1st quarter worth approximately $159,000. Jane Street Group LLC boosted its holdings in BOK Financial by 344.0% in the 1st quarter. Jane Street Group LLC now owns 20,326 shares of the bank's stock valued at $2,117,000 after purchasing an additional 15,748 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in BOK Financial by 14.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,171 shares of the bank's stock valued at $9,391,000 after purchasing an additional 11,057 shares during the period. Finally, Millennium Management LLC grew its position in shares of BOK Financial by 6.4% during the 1st quarter. Millennium Management LLC now owns 268,887 shares of the bank's stock valued at $28,005,000 after purchasing an additional 16,108 shares in the last quarter. 34.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

BOKF has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price objective on BOK Financial from $104.00 to $110.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Citigroup upped their price target on shares of BOK Financial from $97.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Jefferies Financial Group lifted their target price on shares of BOK Financial from $110.00 to $120.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Barclays increased their price target on shares of BOK Financial from $110.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, DA Davidson lifted their target price on BOK Financial from $114.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $113.00.

BOK Financial Stock Down 1.5%

Shares of BOK Financial stock traded down $1.69 during trading on Friday, reaching $111.40. The company's stock had a trading volume of 316,770 shares, compared to its average volume of 198,253. The company has a 50-day simple moving average of $106.91 and a two-hundred day simple moving average of $100.10. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 13.34 and a beta of 0.91. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.70. BOK Financial Corporation has a 1-year low of $85.07 and a 1-year high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its earnings results on Monday, July 21st. The bank reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.21. The firm had revenue of $525.50 million for the quarter, compared to the consensus estimate of $521.80 million. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%.During the same period in the prior year, the firm earned $2.54 EPS. As a group, equities analysts forecast that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.57 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.0%. BOK Financial's dividend payout ratio is currently 27.31%.

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.