BOK Financial Co. (BOKF) Position Lessened by Pratt Collard Advisory Partners LLC

Pratt Collard Advisory Partners LLC lowered its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 21.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,010 shares of the bank’s stock after selling 820 shares during the period. Pratt Collard Advisory Partners LLC’s holdings in BOK Financial were worth $245,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BOKF. SG Americas Securities LLC purchased a new position in shares of BOK Financial in the 3rd quarter valued at $146,000. JPMorgan Chase & Co. raised its stake in shares of BOK Financial by 220.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,741 shares of the bank’s stock valued at $364,000 after acquiring an additional 2,575 shares during the period. Bank of New York Mellon Corp raised its stake in shares of BOK Financial by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 180,720 shares of the bank’s stock valued at $17,579,000 after acquiring an additional 2,233 shares during the period. BlackRock Inc. raised its stake in shares of BOK Financial by 14.2% in the 3rd quarter. BlackRock Inc. now owns 1,302,807 shares of the bank’s stock valued at $126,737,000 after acquiring an additional 161,830 shares during the period. Finally, Credit Suisse AG raised its stake in shares of BOK Financial by 72.2% in the 3rd quarter. Credit Suisse AG now owns 16,739 shares of the bank’s stock valued at $1,628,000 after acquiring an additional 7,021 shares during the period. 39.24% of the stock is currently owned by institutional investors.

Shares of BOK Financial stock traded up $0.44 during trading hours on Tuesday, reaching $85.51. The company’s stock had a trading volume of 1,975 shares, compared to its average volume of 170,546. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.93 and a current ratio of 0.94. BOK Financial Co. has a one year low of $69.96 and a one year high of $106.65. The company has a market cap of $6.22 billion, a P/E ratio of 12.60, a PEG ratio of 1.81 and a beta of 1.22.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, January 30th. The bank reported $1.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.05). BOK Financial had a return on equity of 12.04% and a net margin of 24.15%. The business had revenue of $422.14 million during the quarter, compared to the consensus estimate of $423.33 million. During the same quarter in the previous year, the business posted $1.29 earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts predict that BOK Financial Co. will post 7.36 earnings per share for the current year.

In other BOK Financial news, Director George B. Kaiser purchased 3,000 shares of BOK Financial stock in a transaction dated Thursday, February 7th. The shares were bought at an average cost of $85.83 per share, for a total transaction of $257,490.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 54.90% of the company’s stock.

BOKF has been the subject of a number of recent analyst reports. Wells Fargo & Co lowered their price target on shares of BOK Financial from $100.00 to $85.00 and set a “market perform” rating for the company in a report on Thursday, January 3rd. ValuEngine raised shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, January 4th. BidaskClub raised shares of BOK Financial from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. Finally, SunTrust Banks raised their price target on shares of BOK Financial to $92.00 and gave the company a “hold” rating in a report on Thursday, January 31st. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $102.95.

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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.

Further Reading: Put Option

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Institutional Ownership by Quarter for BOK Financial (NASDAQ:BOKF)

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