Public Employees Retirement Association of Colorado Has $260,000 Position in BOK Financial Co. (NASDAQ:BOKF)

Public Employees Retirement Association of Colorado lessened its position in BOK Financial Co. (NASDAQ:BOKF) by 12.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,442 shares of the bank’s stock after selling 349 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in BOK Financial were worth $260,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BOKF. Vanguard Group Inc. raised its holdings in shares of BOK Financial by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank’s stock valued at $260,328,000 after purchasing an additional 11,418 shares during the last quarter. Dimensional Fund Advisors LP grew its position 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 valued at $252,526,000 after purchasing an additional 98,588 shares in the last quarter. Geode Capital Management LLC increased its stake in BOK Financial by 1.2% in 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 during the last quarter. Norges Bank bought a new stake in BOK Financial during the 4th quarter worth about $23,516,000. Finally, First Trust Advisors LP boosted its stake in shares of BOK Financial by 51.7% during the 4th quarter. First Trust Advisors LP now owns 158,637 shares of the bank’s stock worth $16,887,000 after buying an additional 54,075 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Performance

Shares of BOKF stock opened at $96.04 on Friday. BOK Financial Co. has a 52 week low of $85.08 and a 52 week high of $121.58. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 11.81 and a beta of 0.93. The company has a 50-day simple moving average of $97.60 and a 200 day simple moving average of $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 (NASDAQ:BOKF) last posted its earnings results on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.15). The firm had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, sell-side analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays dropped their target price on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. 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 report on Wednesday, April 23rd. Royal Bank of Canada lowered their target price on shares of BOK Financial from $119.00 to $104.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 23rd. Raymond James set a $105.00 price target on shares of BOK Financial in a research note on Tuesday, April 22nd. Finally, Hovde Group lowered their price objective on shares of BOK Financial from $122.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $111.60.

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.