GSA Capital Partners LLP Acquires 5,978 Shares of BOK Financial Corporation (NASDAQ:BOKF)

Key Points

• GSA Capital Partners LLP increased its stake in BOK Financial Corporation by 70%, acquiring an additional 5,978 shares, bringing its total holdings to 14,517 shares valued at approximately $1.51 million.
• Several institutional investors, including Vanguard Group and AQR Capital Management, have also raised their stakes in BOK Financial, with a notable overall institutional ownership of 34.44%.
• BOK Financial's recent quarterly earnings beat analysts' estimates, reporting $2.19 EPS compared to the consensus of $1.98, and the company is projected to post 8.83 EPS for the current fiscal year.

GSA Capital Partners LLP lifted its stake in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 70.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,517 shares of the bank's stock after acquiring an additional 5,978 shares during the quarter. GSA Capital Partners LLP's holdings in BOK Financial were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC increased its stake in shares of BOK Financial by 66.9% in the fourth quarter. True Wealth Design LLC now owns 282 shares of the bank's stock worth $30,000 after acquiring an additional 113 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its stake in shares of BOK Financial by 538.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock valued at $126,000 after buying an additional 997 shares during the period. Sterling Capital Management LLC lifted its stake in shares of BOK Financial by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,360 shares of the bank's stock valued at $145,000 after buying an additional 495 shares during the period. Versant Capital Management Inc lifted its stake in shares of BOK Financial by 1,046.7% in the first quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock valued at $143,000 after buying an additional 1,256 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in BOK Financial during the fourth quarter worth about $204,000. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Price Performance

Shares of BOK Financial stock traded down $2.96 during midday trading on Friday, reaching $98.57. The company had a trading volume of 240,707 shares, compared to its average volume of 255,051. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 11.80 and a beta of 0.88. The stock has a fifty day simple moving average of $98.94 and a 200 day simple moving average of $100.59. BOK Financial Corporation has a 1-year low of $85.07 and a 1-year high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The bank reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.21. The business had revenue of $525.50 million during the quarter, compared to analyst estimates of $521.80 million. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. During the same quarter last year, the business posted $2.54 earnings per share. As a group, equities research analysts forecast 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 will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.3%. BOK Financial's dividend payout ratio (DPR) is currently 27.31%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of BOK Financial from $101.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Jefferies Financial Group assumed coverage on shares of BOK Financial in a research note on Wednesday, May 21st. They set a "hold" rating and a $105.00 price target for the company. Barclays raised their price target on shares of BOK Financial from $110.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Hovde Group raised their price target on shares of BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, DA Davidson raised their price target on shares of BOK Financial from $114.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $112.58.

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.