Mercer Global Advisors Inc. ADV Acquires New Shares in BOK Financial Co. (NASDAQ:BOKF)

Mercer Global Advisors Inc. ADV bought a new position in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,600 shares of the bank's stock, valued at approximately $277,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in BOK Financial by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank's stock valued at $260,328,000 after buying an additional 11,418 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 buying an additional 98,588 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of BOK Financial by 80.0% in the 4th quarter. AQR Capital Management LLC now owns 414,548 shares of the bank's stock valued at $44,129,000 after buying an additional 184,261 shares in the last quarter. Geode Capital Management LLC increased its position in BOK Financial by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 410,570 shares of the bank's stock valued at $43,718,000 after buying an additional 5,028 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of BOK Financial during the fourth quarter valued at $23,516,000. Hedge funds and other institutional investors own 34.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BOKF shares. Stephens lowered their price target on shares of BOK Financial from $124.00 to $110.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. DA Davidson reduced their price target on BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. StockNews.com cut shares of BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Jefferies Financial Group started coverage on shares of BOK Financial in a research note on Wednesday. They issued a "hold" rating and a $105.00 price target for the company. Finally, Raymond James set a $105.00 price target on shares of BOK Financial in a research report on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, BOK Financial has an average rating of "Hold" and an average target price of $111.00.

BOK Financial Trading Down 1.5%

BOK Financial stock traded down $1.48 during midday trading on Wednesday, reaching $95.41. The stock had a trading volume of 13,659 shares, compared to its average volume of 158,822. BOK Financial Co. has a twelve month low of $85.08 and a twelve month high of $121.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 11.76 and a beta of 0.87. The firm's fifty day simple moving average is $95.88 and its two-hundred day simple moving average is $105.84.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.15). The company had revenue of $500.37 million for the quarter, compared to the consensus estimate of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Equities analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 15th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, May 15th. BOK Financial's dividend payout ratio is 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.