BOK Financial Co. (NASDAQ:BOKF) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC reduced its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 37.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,260 shares of the bank’s stock after selling 105,184 shares during the period. AQR Capital Management LLC owned 0.28% of BOK Financial worth $16,182,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BOKF. Hsbc Holdings PLC lifted its position in shares of BOK Financial by 259.2% in the fourth quarter. Hsbc Holdings PLC now owns 13,021 shares of the bank’s stock valued at $1,113,000 after acquiring an additional 9,396 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of BOK Financial by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock worth $1,076,000 after purchasing an additional 120 shares during the last quarter. TFO Wealth Partners LLC boosted its stake in shares of BOK Financial by 41,350.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,658 shares of the bank’s stock worth $142,000 after purchasing an additional 1,654 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in shares of BOK Financial by 85.9% during the fourth quarter. Rafferty Asset Management LLC now owns 52,983 shares of the bank’s stock worth $4,538,000 after buying an additional 24,482 shares in the last quarter. Finally, BOKF NA lifted its stake in shares of BOK Financial by 0.9% during the fourth quarter. BOKF NA now owns 711,535 shares of the bank’s stock valued at $60,943,000 after buying an additional 6,632 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Trading Down 3.2 %

Shares of BOKF stock opened at $101.23 on Wednesday. BOK Financial Co. has a fifty-two week low of $62.42 and a fifty-two week high of $108.01. The firm’s 50 day moving average price is $102.08 and its two-hundred day moving average price is $95.07. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 14.76 and a beta of 1.18. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The firm had revenue of $871.84 million during the quarter, compared to analysts’ expectations of $520.43 million. During the same period in the prior year, the company earned $2.27 EPS. On average, analysts anticipate that BOK Financial Co. will post 7.78 EPS for the current year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.20 annualized dividend and a dividend yield of 2.17%. BOK Financial’s payout ratio is currently 32.07%.

Analyst Ratings Changes

BOKF has been the subject of several recent analyst reports. DA Davidson lifted their target price on shares of BOK Financial from $97.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Wells Fargo & Company lifted their price objective on BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a research report on Tuesday. Royal Bank of Canada upped their target price on BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price target on BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Finally, Wedbush upped their price objective on shares of BOK Financial from $94.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $109.80.

About BOK Financial

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.