Ameriprise Financial Inc. Decreases Stake in BOK Financial Co. (NASDAQ:BOKF)

Ameriprise Financial Inc. reduced its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,635 shares of the bank’s stock after selling 3,797 shares during the period. Ameriprise Financial Inc. owned 0.13% of BOK Financial worth $8,584,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BOKF. Picton Mahoney Asset Management acquired a new stake in BOK Financial during the fourth quarter worth about $30,000. Venturi Wealth Management LLC increased its position in BOK Financial by 33.8% during the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock worth $42,000 after purchasing an additional 100 shares during the last quarter. US Bancorp DE increased its position in BOK Financial by 12.5% during the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock worth $116,000 after purchasing an additional 121 shares during the last quarter. Aster Capital Management DIFC Ltd increased its position in BOK Financial by 538.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank’s stock worth $126,000 after purchasing an additional 997 shares during the last quarter. Finally, KBC Group NV increased 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 during the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on BOKF. Barclays cut their price objective on shares of BOK Financial from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada dropped their price target on shares of BOK Financial from $119.00 to $104.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 23rd. DA Davidson dropped their price target 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. Raymond James set a $105.00 price target on shares of BOK Financial in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company dropped 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 research report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $111.60.

BOK Financial Price Performance

Shares of BOKF opened at $96.88 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. BOK Financial Co. has a fifty-two week low of $85.08 and a fifty-two week high of $121.58. The company has a market cap of $6.23 billion, a P/E ratio of 11.92 and a beta of 0.87. The firm’s 50 day moving average price is $95.88 and its 200 day moving average price is $105.84.

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

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.35%. BOK Financial’s dividend payout ratio (DPR) is 26.21%.

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.