BOK Financial Co. (NASDAQ:BOKF) Shares Sold by Ariel Investments LLC

Ariel Investments LLC decreased its position in BOK Financial Co. (NASDAQ:BOKF) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,802,681 shares of the bank’s stock after selling 57,109 shares during the quarter. BOK Financial accounts for approximately 2.0% of Ariel Investments LLC’s holdings, making the stock its 21st largest position. Ariel Investments LLC’s holdings in BOK Financial were worth $191,895,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised 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 worth $260,328,000 after acquiring an additional 11,418 shares during the period. Dimensional Fund Advisors LP raised its position in shares of BOK Financial by 4.3% during the 4th 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. AQR Capital Management LLC lifted 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 worth $44,129,000 after purchasing an additional 184,261 shares during the last quarter. Geode Capital Management LLC boosted 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 purchasing an additional 5,028 shares during the period. Finally, Norges Bank bought a new position in BOK Financial during the 4th quarter worth $23,516,000. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Trading Up 2.5 %

NASDAQ BOKF opened at $96.04 on Friday. The firm’s 50 day moving average price is $97.60 and its two-hundred day moving average price is $106.89. 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. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 11.81 and a beta of 0.93.

BOK Financial (NASDAQ:BOKF) last issued its quarterly 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). The business had revenue of $500.37 million for the quarter, compared to analysts’ expectations 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 year.

Wall Street Analyst Weigh In

BOKF has been the subject of several analyst reports. Wells Fargo & Company reduced their price target on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Barclays cut their price objective on shares of BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. DA Davidson decreased their target price on shares of BOK Financial from $122.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Stephens cut their price target on BOK Financial from $124.00 to $110.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 23rd. Finally, StockNews.com downgraded BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, BOK Financial presently has an average rating of “Hold” and a consensus price target of $111.60.

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.