AQR Capital Management LLC Increases Stake in BOK Financial Co. (NASDAQ:BOKF)

AQR Capital Management LLC grew its stake in BOK Financial Co. (NASDAQ:BOKF) by 80.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 414,548 shares of the bank’s stock after purchasing an additional 184,261 shares during the period. AQR Capital Management LLC’s holdings in BOK Financial were worth $44,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BOKF. Tidal Investments LLC grew its position in BOK Financial by 1.7% during the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after buying an additional 147 shares during the period. USA Financial Formulas acquired a new stake in shares of BOK Financial during the 4th quarter valued at about $319,000. Merit Financial Group LLC acquired a new stake in shares of BOK Financial during the 4th quarter valued at about $256,000. SG Americas Securities LLC raised its holdings in BOK Financial by 433.0% in the 4th quarter. SG Americas Securities LLC now owns 9,216 shares of the bank’s stock worth $981,000 after purchasing an additional 7,487 shares during the period. Finally, KBC Group NV boosted its position in BOK Financial by 32.7% during the fourth quarter. KBC Group NV now owns 1,201 shares of the bank’s stock worth $128,000 after purchasing an additional 296 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on BOKF. Raymond James set a $105.00 target price on BOK Financial in a research note on Tuesday, April 22nd. StockNews.com downgraded shares of BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Hovde Group cut their target price 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. Wells Fargo & Company decreased their price target on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 9th. Finally, DA Davidson cut their price objective on BOK Financial from $122.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.60.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $96.04 on Friday. The business’s 50 day moving average price is $97.60 and its 200 day moving average price is $106.89. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 11.81 and a beta of 0.93. 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 one year low of $85.08 and a one year high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.15). BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. The firm had revenue of $500.37 million during the quarter, compared to analysts’ expectations of $520.86 million. On average, research analysts predict that BOK Financial Co. will post 8.83 EPS for the current year.

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.