Renaissance Technologies LLC Purchases 5,500 Shares of BOK Financial Co. (NASDAQ:BOKF)

Renaissance Technologies LLC increased its stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 98.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,077 shares of the bank's stock after buying an additional 5,500 shares during the period. Renaissance Technologies LLC's holdings in BOK Financial were worth $1,179,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC increased its holdings in shares of BOK Financial by 33.8% in the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock valued at $42,000 after acquiring an additional 100 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in BOK Financial by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank's stock worth $217,000 after acquiring an additional 107 shares during the last quarter. US Bancorp DE lifted its holdings in shares of BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after purchasing an additional 121 shares during the last quarter. Tidal Investments LLC boosted its position in BOK Financial by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank's stock valued at $933,000 after purchasing an additional 147 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of BOK Financial by 7.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,283 shares of the bank's stock valued at $349,000 after acquiring an additional 218 shares during the period. Institutional investors own 34.44% of the company's stock.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF traded down $0.34 during trading on Monday, reaching $95.70. The stock had a trading volume of 13,089 shares, compared to its average volume of 167,556. 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 stock has a fifty day simple moving average of $97.60 and a two-hundred day simple moving average of $106.79. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 11.77 and a beta of 0.93. BOK Financial Co. has a 52 week low of $85.07 and a 52 week 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 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. The firm had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. As a group, analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on BOKF shares. Barclays decreased their target price on shares of 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 cut their price objective on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Raymond James set a $105.00 target price on shares of BOK Financial in a research note on Tuesday, April 22nd. Hovde Group reduced their price target 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, Wells Fargo & Company dropped their target price on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, BOK Financial has a consensus rating of "Hold" and a consensus target price of $111.60.

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.