Reinhart Partners LLC. Sells 34,003 Shares of BOK Financial Corporation $BOKF

Reinhart Partners LLC. trimmed its holdings in BOK Financial Corporation (NASDAQ:BOKF) by 53.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,190 shares of the bank’s stock after selling 34,003 shares during the quarter. Reinhart Partners LLC.’s holdings in BOK Financial were worth $3,576,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of BOK Financial by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,629,362 shares of the bank’s stock worth $293,015,000 after acquiring an additional 59,241 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of BOK Financial in the 3rd quarter worth approximately $123,231,000. First Trust Advisors LP lifted its holdings in shares of BOK Financial by 39.8% in the 3rd quarter. First Trust Advisors LP now owns 527,601 shares of the bank’s stock worth $58,796,000 after acquiring an additional 150,210 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of BOK Financial by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 423,544 shares of the bank’s stock worth $50,184,000 after acquiring an additional 4,927 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of BOK Financial by 1.3% in the 3rd quarter. AQR Capital Management LLC now owns 420,477 shares of the bank’s stock worth $46,808,000 after acquiring an additional 5,260 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BOKF has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of BOK Financial from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Zacks Research lowered shares of BOK Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. DA Davidson boosted their price objective on shares of BOK Financial from $132.00 to $139.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada lifted their target price on shares of BOK Financial from $136.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company lifted their target price on shares of BOK Financial from $115.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Monday, March 30th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $134.91.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 500 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $134.91, for a total value of $67,455.00. Following the sale, the director directly owned 10,436 shares of the company’s stock, valued at $1,407,920.76. This represents a 4.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey A. Reid sold 1,200 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $135.52, for a total transaction of $162,624.00. Following the completion of the sale, the executive vice president directly owned 8,116 shares in the company, valued at $1,099,880.32. This represents a 12.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 5,500 shares of company stock valued at $738,571 in the last three months. 63.53% of the stock is currently owned by company insiders.

BOK Financial Stock Up 2.1%

NASDAQ:BOKF opened at $127.41 on Wednesday. The firm’s 50-day moving average price is $130.78 and its 200-day moving average price is $126.05. The company has a market capitalization of $7.74 billion, a PE ratio of 12.90 and a beta of 0.81. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. BOK Financial Corporation has a 1-year low of $91.35 and a 1-year high of $139.73.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, April 20th. The bank reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.28. The firm had revenue of $553.82 million for the quarter, compared to the consensus estimate of $549.71 million. BOK Financial had a net margin of 18.05% and a return on equity of 9.89%. During the same period in the prior year, the firm earned $1.86 EPS. On average, equities analysts predict that BOK Financial Corporation will post 10.24 EPS for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a $0.63 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.0%. BOK Financial’s dividend payout ratio is currently 25.51%.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.