Wealth Enhancement Advisory Services LLC Purchases New Shares in BOK Financial Co. (NASDAQ:BOKF)

Wealth Enhancement Advisory Services LLC purchased a new position in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,248 shares of the bank's stock, valued at approximately $559,000.

A number of other large investors also recently bought and sold shares of the business. Picton Mahoney Asset Management bought a new position in BOK Financial during the 4th quarter worth about $30,000. True Wealth Design LLC lifted its holdings in BOK Financial by 66.9% during the fourth quarter. True Wealth Design LLC now owns 282 shares of the bank's stock worth $30,000 after buying an additional 113 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 100 shares during the period. US Bancorp DE raised its position in shares of BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after acquiring an additional 121 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its stake in shares of BOK Financial by 538.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock worth $126,000 after purchasing an additional 997 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company's stock.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF traded up $0.42 during trading on Thursday, hitting $96.06. The stock had a trading volume of 197,172 shares, compared to its average volume of 162,850. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. BOK Financial Co. has a 12-month low of $85.08 and a 12-month high of $121.58. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 11.82 and a beta of 0.87. The stock has a 50-day simple moving average of $93.42 and a two-hundred day simple moving average of $103.70.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.15). The business had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, equities research analysts expect that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.57 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.37%. BOK Financial's payout ratio is currently 26.21%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Hovde Group reduced their target price 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. Jefferies Financial Group began coverage on shares of BOK Financial in a research note on Wednesday, May 21st. They set a "hold" rating and a $105.00 price objective for the company. Royal Bank of Canada lowered their target price on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen downgraded BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Barclays lowered their price objective on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Eight 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, the stock has an average rating of "Hold" and an average 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.