Sei Investments Co. Decreases Stake in BOK Financial Co. (NASDAQ:BOKF)

Sei Investments Co. lowered its position in BOK Financial Co. (NASDAQ:BOKF) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,430 shares of the bank’s stock after selling 3,728 shares during the period. Sei Investments Co.’s holdings in BOK Financial were worth $1,855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in BOKF. American Century Companies Inc. increased its holdings in shares of BOK Financial by 4.9% during the 4th quarter. American Century Companies Inc. now owns 12,277 shares of the bank’s stock valued at $1,307,000 after purchasing an additional 572 shares in the last quarter. Virtu Financial LLC acquired a new stake in BOK Financial in the 4th quarter worth about $259,000. Teacher Retirement System of Texas lifted its holdings in BOK Financial by 98.5% in the 4th quarter. Teacher Retirement System of Texas now owns 18,184 shares of the bank’s stock valued at $1,936,000 after purchasing an additional 9,024 shares in the last quarter. Parallel Advisors LLC raised its holdings in BOK Financial by 8.7% in the 4th quarter. Parallel Advisors LLC now owns 6,399 shares of the bank’s stock valued at $681,000 after acquiring an additional 510 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of BOK Financial in the fourth quarter valued at approximately $30,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Trading Down 4.7 %

Shares of BOK Financial stock opened at $89.91 on Friday. The company’s fifty day moving average is $106.05 and its two-hundred day moving average is $109.05. BOK Financial Co. has a 1 year low of $85.02 and a 1 year high of $121.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. The company has a market capitalization of $5.77 billion, a P/E ratio of 11.06 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Analysts forecast that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.57 per share. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.54%. BOK Financial’s payout ratio is currently 28.04%.

Wall Street Analyst Weigh In

BOKF has been the subject of several recent analyst reports. Barclays started coverage on shares of BOK Financial in a research report on Wednesday. They set an “equal weight” rating and a $115.00 price objective for the company. StockNews.com downgraded BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Royal Bank of Canada boosted their price target on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, Stephens lowered their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, BOK Financial currently has an average rating of “Hold” and an average target price of $118.70.

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.