Voloridge Investment Management LLC Has $263,000 Stock Position in BOK Financial Co. (NASDAQ:BOKF)

Voloridge Investment Management LLC lessened its stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 81.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,466 shares of the bank's stock after selling 10,909 shares during the quarter. Voloridge Investment Management LLC's holdings in BOK Financial were worth $263,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in BOK Financial by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank's stock worth $260,328,000 after purchasing an additional 11,418 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of BOK Financial by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank's stock valued at $252,526,000 after purchasing an additional 98,588 shares during the period. AQR Capital Management LLC raised its position in shares of BOK Financial by 80.0% in the fourth 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 period. Geode Capital Management LLC lifted its stake in shares of BOK Financial by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 410,570 shares of the bank's stock worth $43,718,000 after buying an additional 5,028 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of BOK Financial by 29.4% during the 4th quarter. Millennium Management LLC now owns 252,779 shares of the bank's stock worth $26,908,000 after buying an additional 57,420 shares during the period. Institutional investors own 34.44% of the company's stock.

Wall Street Analysts Forecast Growth

BOKF has been the topic of several recent analyst reports. Wells Fargo & Company dropped 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. Stephens lowered their price target on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen lowered BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Raymond James set a $105.00 price objective on BOK Financial in a research report on Tuesday, April 22nd. Finally, Hovde Group lowered their target price on BOK Financial from $122.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, BOK Financial has a consensus rating of "Hold" and an average target price of $111.00.

BOK Financial Stock Performance

BOK Financial stock traded up $0.02 during trading hours on Friday, hitting $94.63. The stock had a trading volume of 305,862 shares, compared to its average volume of 161,535. The company has a 50-day moving average of $94.38 and a two-hundred day moving average of $104.82. 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 fifty-two week low of $85.08 and a fifty-two week high of $121.58. The company has a market cap of $6.08 billion, a PE ratio of 11.64 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $1.86 EPS 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 analyst estimates of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, equities research analysts anticipate 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 was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, May 15th. BOK Financial's payout ratio is 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.