Wealthquest Corp Acquires New Holdings in BOK Financial Corporation (NASDAQ:BOKF)

Wealthquest Corp bought a new stake in BOK Financial Corporation (NASDAQ:BOKF - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,793 shares of the bank's stock, valued at approximately $851,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management bought a new position in BOK Financial in the 4th quarter valued at about $30,000. True Wealth Design LLC grew its position in BOK Financial by 66.9% in the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank's stock valued at $30,000 after buying an additional 113 shares in the last quarter. Venturi Wealth Management LLC grew its position in BOK Financial by 33.8% in the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock valued at $42,000 after buying an additional 100 shares in the last quarter. US Bancorp DE grew its position in BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock valued at $116,000 after buying an additional 121 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in BOK Financial by 538.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock valued at $126,000 after acquiring an additional 997 shares during the last quarter. Institutional investors own 34.44% of the company's stock.

BOK Financial Trading Up 0.1%

BOKF stock traded up $0.06 during mid-day trading on Friday, reaching $97.09. 383,746 shares of the stock traded hands, compared to its average volume of 166,407. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57. BOK Financial Corporation has a 52-week low of $85.08 and a 52-week high of $121.58. The company has a market cap of $6.24 billion, a P/E ratio of 11.16 and a beta of 0.87. The stock's fifty day moving average is $94.43 and its 200-day moving average is $101.69.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). The company had revenue of $500.37 million during the quarter, compared to analysts' expectations of $520.86 million. BOK Financial had a return on equity of 9.51% and a net margin of 16.39%. As a group, sell-side analysts expect that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Thursday, May 15th. BOK Financial's dividend payout ratio (DPR) is 26.21%.

Analyst Ratings Changes

BOKF has been the subject of a number of research analyst reports. Hovde Group cut their price target on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Barclays cut their price target on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Stephens cut their price target on shares of BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. DA Davidson cut their price target on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company cut 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 report on Wednesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, BOK Financial currently has a consensus rating of "Hold" and a consensus target price of $111.00.

BOK Financial 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.