Gotham Asset Management LLC Sells 176 Shares of BOK Financial Co. (NASDAQ:BOKF)

Gotham Asset Management LLC reduced its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 3.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,366 shares of the bank’s stock after selling 176 shares during the period. Gotham Asset Management LLC’s holdings in BOK Financial were worth $465,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management bought a new position in BOK Financial during the 4th quarter valued at about $30,000. Venturi Wealth Management LLC lifted its holdings in BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. US Bancorp DE lifted its holdings in BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock valued at $116,000 after purchasing an additional 121 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in BOK Financial by 538.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank’s stock valued at $126,000 after purchasing an additional 997 shares during the last quarter. Finally, KBC Group NV lifted its holdings in BOK Financial by 32.7% during the 4th 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. 34.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BOKF shares. Hovde Group lowered their price objective on shares of BOK Financial from $122.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company lowered their price objective on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. StockNews.com cut shares of BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Raymond James set a $105.00 price objective on shares of BOK Financial in a research report on Tuesday, April 22nd. Finally, DA Davidson lowered their price objective 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. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $111.60.

BOK Financial Stock Up 0.2%

Shares of NASDAQ:BOKF opened at $97.76 on Tuesday. BOK Financial Co. has a one year low of $85.08 and a one year high of $121.58. The company has a 50 day moving average of $95.92 and a 200-day moving average of $105.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 12.02 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF) last issued its quarterly 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). BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. The business had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. On average, sell-side analysts forecast that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 15th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial’s payout ratio is 26.21%.

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.