Wolverine Asset Management LLC Raises Holdings in BOK Financial Corporation (NASDAQ:BOKF)

Key Points

• Wolverine Asset Management LLC increased its position in BOK Financial Corporation by 29%, now holding 24,840 shares worth approximately $2.59 million.
• BOK Financial reported an EPS of $2.19, exceeding analysts' expectations of $1.98, alongside a quarterly revenue of $525.5 million.
• The firm declared a quarterly dividend of $0.57, with an annualized dividend yield of 2.3%, set to be paid on August 27th.

Wolverine Asset Management LLC boosted its position in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 29.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,840 shares of the bank's stock after purchasing an additional 5,584 shares during the period. Wolverine Asset Management LLC's holdings in BOK Financial were worth $2,587,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BOKF. American Century Companies Inc. raised its stake in 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 during the period. LPL Financial LLC raised its stake in BOK Financial by 77.0% during the 4th quarter. LPL Financial LLC now owns 5,546 shares of the bank's stock valued at $590,000 after purchasing an additional 2,412 shares during the period. JPMorgan Chase & Co. raised its stake in BOK Financial by 4.5% during the 4th quarter. JPMorgan Chase & Co. now owns 22,434 shares of the bank's stock valued at $2,388,000 after purchasing an additional 961 shares during the period. O Shaughnessy Asset Management LLC raised its stake in BOK Financial by 7.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,283 shares of the bank's stock valued at $349,000 after purchasing an additional 218 shares during the period. Finally, Geode Capital Management LLC increased its stake in BOK Financial by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 410,570 shares of the bank's stock worth $43,718,000 after acquiring an additional 5,028 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Stock Up 0.0%

Shares of BOKF traded up $0.04 during trading hours on Wednesday, hitting $104.49. The company had a trading volume of 48,135 shares, compared to its average volume of 193,480. The company has a market capitalization of $6.65 billion, a PE ratio of 12.51 and a beta of 0.88. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. BOK Financial Corporation has a one year low of $85.07 and a one year high of $121.58. The company's fifty day moving average price is $99.93 and its two-hundred day moving average price is $99.99.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Monday, July 21st. The bank reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.21. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%. The company had revenue of $525.50 million for the quarter, compared to analyst estimates of $521.80 million. During the same period in the prior year, the company posted $2.54 EPS. As a group, equities analysts forecast that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, August 13th. BOK Financial's dividend payout ratio is currently 27.31%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BOKF shares. Keefe, Bruyette & Woods lifted their price objective on BOK Financial from $101.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Stephens reduced their price objective on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Barclays boosted their target price on BOK Financial from $110.00 to $115.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. DA Davidson boosted their price objective on BOK Financial from $114.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company set a $110.00 price target on shares of BOK Financial and gave the stock an "equal weight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, BOK Financial has a consensus rating of "Hold" and a consensus target price of $112.58.

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.