Mercer Global Advisors Inc. ADV Buys Shares of 2,600 BOK Financial Co. (NASDAQ:BOKF)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,600 shares of the bank's stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in BOK Financial in the fourth quarter worth about $23,516,000. Freestone Grove Partners LP acquired a new stake in BOK Financial in the fourth quarter worth about $21,740,000. AQR Capital Management LLC increased its position in BOK Financial by 80.0% in the fourth quarter. AQR Capital Management LLC now owns 414,548 shares of the bank's stock worth $44,129,000 after purchasing an additional 184,261 shares during the period. Dimensional Fund Advisors LP increased its position in BOK Financial by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank's stock worth $252,526,000 after purchasing an additional 98,588 shares during the period. Finally, FIL Ltd acquired a new stake in BOK Financial in the fourth quarter worth about $6,281,000. 34.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

BOKF has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Raymond James set a $105.00 target price on BOK Financial in a research report on Tuesday, April 22nd. Barclays decreased their target price on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. DA Davidson decreased their target price on BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Hovde Group decreased their target price on BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $111.60.

BOK Financial Trading Up 0.2%

Shares of BOKF stock traded up $0.21 on Monday, hitting $97.76. The company had a trading volume of 236,504 shares, compared to its average volume of 159,144. The firm has a market cap of $6.28 billion, a P/E ratio of 12.02 and a beta of 0.87. The stock's 50-day moving average is $95.98 and its two-hundred day moving average is $105.96. 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.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its earnings results on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.15). BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. The business had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. On average, equities research analysts anticipate 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 issued 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 2.33%. BOK Financial's dividend payout ratio is presently 26.21%.

BOK Financial Company 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.