Wealthquest Corp Takes $851,000 Position in BOK Financial Corporation (NASDAQ:BOKF)

Key Points

• Wealthquest Corp has made a new investment in BOK Financial Corporation, acquiring 8,793 shares valued at approximately $851,000 during the first quarter.
• Analyst ratings for BOK Financial have seen several adjustments, with companies like Keefe, Bruyette & Woods raising their price target from $101.00 to $115.00, indicating a generally positive outlook.
• BOK Financial recently announced a quarterly dividend of $0.57 per share, resulting in an annualized dividend of $2.28 and a yield of 2.2%.

Wealthquest Corp purchased 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 (SEC). The fund purchased 8,793 shares of the bank's stock, valued at approximately $851,000.

Other large investors have also recently made changes to their positions in the company. True Wealth Design LLC increased its holdings 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 valued at $30,000 after purchasing an additional 113 shares during the last quarter. Aster Capital Management DIFC Ltd increased 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 purchasing an additional 997 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of BOK Financial by 1,046.7% during the first quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock worth $143,000 after buying an additional 1,256 shares during the period. Sterling Capital Management LLC raised its holdings in shares of 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 buying an additional 495 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in BOK Financial during the 4th quarter valued at about $204,000. 34.44% of the stock is owned by institutional investors.

BOK Financial Stock Performance

BOK Financial stock traded up $0.79 on Tuesday, hitting $100.92. The company's stock had a trading volume of 76,187 shares, compared to its average volume of 194,343. The firm has a market cap of $6.42 billion, a P/E ratio of 12.05 and a beta of 0.88. The company has a quick ratio of 0.77, a current ratio of 0.78 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 has a fifty day moving average price of $99.09 and a 200-day moving average price of $100.35.

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 analysts' consensus estimates of $1.98 by $0.21. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%. The business had revenue of $525.50 million for the quarter, compared to analyst estimates of $521.80 million. During the same quarter last year, the firm earned $2.54 EPS. On average, equities analysts anticipate that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, August 13th. BOK Financial's dividend payout ratio is presently 27.31%.

Wall Street Analyst Weigh In

BOKF has been the topic of a number of recent research reports. DA Davidson upped their price objective on BOK Financial from $114.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on BOK Financial from $104.00 to $110.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Stephens lowered their price objective on shares of 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. Keefe, Bruyette & Woods upped their price objective on BOK Financial from $101.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Finally, Barclays upped their target price on shares of BOK Financial from $110.00 to $115.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average 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.