Mackenzie Financial Corp Invests $334,000 in BOK Financial Corporation (NASDAQ:BOKF)

Key Points

• Mackenzie Financial Corp has acquired a new stake in BOK Financial Corporation, purchasing 3,203 shares valued at approximately $334,000 in the first quarter.
• Analysts have raised their price targets for BOK Financial, with Citigroup increasing its target from $97.00 to $100.00, and Hovde Group lifting theirs from $110.00 to $123.00.
• BOK Financial recently announced a quarterly dividend of $0.57, representing a 2.3% dividend yield, with payment scheduled for August 27th to stockholders of record on August 13th.

Mackenzie Financial Corp acquired a new position in BOK Financial Corporation (NASDAQ:BOKF - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,203 shares of the bank's stock, valued at approximately $334,000.

Several other large investors have also recently modified their holdings of the stock. True Wealth Design LLC boosted its position in BOK Financial by 66.9% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank's stock valued at $30,000 after acquiring an additional 113 shares in the last quarter. Versant Capital Management Inc lifted its position in BOK Financial by 1,046.7% in the 1st quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock valued at $143,000 after acquiring an additional 1,256 shares in the last quarter. Sterling Capital Management LLC lifted its position in BOK Financial by 57.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,360 shares of the bank's stock valued at $145,000 after acquiring an additional 495 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in BOK Financial during the 4th quarter valued at $204,000. Finally, 111 Capital purchased a new stake in BOK Financial during the 4th quarter valued at $206,000. Hedge funds and other institutional investors own 34.44% of the company's stock.

BOK Financial Trading Up 3.7%

NASDAQ BOKF traded up $3.77 during trading on Tuesday, hitting $104.51. The stock had a trading volume of 122,967 shares, compared to its average volume of 194,046. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 0.78. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 12.52 and a beta of 0.88. BOK Financial Corporation has a one year low of $85.07 and a one year high of $121.58. The stock has a 50 day simple moving average of $99.75 and a 200 day simple moving average of $99.96.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The bank reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.21. The business had revenue of $525.50 million during the quarter, compared to the consensus estimate 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 firm earned $2.54 earnings per share. Sell-side analysts predict that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $2.28 annualized dividend and a yield of 2.2%. BOK Financial's dividend payout ratio (DPR) is presently 27.31%.

Analysts Set New Price Targets

Several research firms have recently commented on BOKF. Royal Bank Of Canada upped their price objective on BOK Financial from $104.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Citigroup increased their price target on BOK Financial from $97.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Wall Street Zen downgraded shares of BOK Financial from a "hold" rating to a "sell" rating in a report on Saturday. Wells Fargo & Company set a $110.00 price objective on shares of BOK Financial and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Jefferies Financial Group started coverage on shares of BOK Financial in a report on Wednesday, May 21st. They set a "hold" rating and a $105.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, BOK Financial has a consensus rating of "Hold" and a consensus target price of $112.58.

BOK Financial Company 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.