Envestnet Asset Management Inc. Sells 2,987 Shares of BOK Financial Co. (NASDAQ:BOKF)

Envestnet Asset Management Inc. decreased its position in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,105 shares of the bank's stock after selling 2,987 shares during the period. Envestnet Asset Management Inc.'s holdings in BOK Financial were worth $2,034,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BOKF. Tidal Investments LLC boosted its stake in BOK Financial by 1.7% in the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank's stock worth $933,000 after purchasing an additional 147 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of BOK Financial during the 4th quarter valued at about $319,000. Merit Financial Group LLC purchased a new stake in shares of BOK Financial during the 4th quarter valued at about $256,000. SG Americas Securities LLC grew its stake in shares of BOK Financial by 433.0% in the fourth quarter. SG Americas Securities LLC now owns 9,216 shares of the bank's stock worth $981,000 after acquiring an additional 7,487 shares during the period. Finally, KBC Group NV raised its holdings in shares of BOK Financial by 32.7% during the fourth quarter. KBC Group NV now owns 1,201 shares of the bank's stock valued at $128,000 after purchasing an additional 296 shares during the last quarter. Institutional investors own 34.44% of the company's stock.

BOK Financial Trading Up 0.7 %

Shares of BOK Financial stock opened at $92.00 on Monday. The company's fifty day simple moving average is $99.05 and its 200-day simple moving average is $107.39. The stock has a market capitalization of $5.91 billion, a PE ratio of 11.32 and a beta of 0.93. BOK Financial Co. has a 1-year low of $85.08 and a 1-year high of $121.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79.

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 net margin of 15.32% and a return on equity of 9.86%. The firm had revenue of $500.37 million for the quarter, compared to analysts' expectations of $520.86 million. As a group, equities analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial's dividend payout ratio (DPR) is 26.21%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BOKF shares. Stephens dropped their target price on shares of BOK Financial from $124.00 to $110.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Raymond James set a $105.00 target price on shares of BOK Financial in a report on Tuesday, April 22nd. Hovde Group dropped their target price on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company dropped their target price on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Finally, StockNews.com cut shares of BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.

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