AlphaQuest LLC Sells 19,766 Shares of BOK Financial Corporation $BOKF

AlphaQuest LLC lowered its holdings in BOK Financial Corporation (NASDAQ:BOKF) by 91.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,919 shares of the bank’s stock after selling 19,766 shares during the period. AlphaQuest LLC’s holdings in BOK Financial were worth $187,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Edgestream Partners L.P. boosted its holdings in BOK Financial by 229.0% in the 1st quarter. Edgestream Partners L.P. now owns 46,521 shares of the bank’s stock valued at $4,845,000 after purchasing an additional 32,380 shares during the period. Northern Trust Corp boosted its holdings in BOK Financial by 25.1% in the 1st quarter. Northern Trust Corp now owns 182,347 shares of the bank’s stock valued at $18,991,000 after purchasing an additional 36,630 shares during the period. Wolverine Asset Management LLC boosted its holdings in BOK Financial by 29.0% in the 1st quarter. Wolverine Asset Management LLC now owns 24,840 shares of the bank’s stock valued at $2,587,000 after purchasing an additional 5,584 shares during the period. New York State Teachers Retirement System bought a new stake in BOK Financial in the 1st quarter valued at about $218,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in BOK Financial by 44.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,983 shares of the bank’s stock valued at $391,000 after purchasing an additional 1,220 shares during the period. Institutional investors own 34.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BOKF shares. Wells Fargo & Company cut their price objective on shares of BOK Financial from $110.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, October 22nd. Royal Bank Of Canada upped their price target on shares of BOK Financial from $110.00 to $124.00 and gave the stock a “sector perform” rating in a report on Friday, October 10th. Wall Street Zen downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a report on Sunday, October 19th. Barclays raised shares of BOK Financial to a “hold” rating in a report on Wednesday, October 8th. Finally, Hovde Group upped their price target on shares of BOK Financial from $110.00 to $123.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $115.55.

BOK Financial Price Performance

BOKF stock opened at $104.58 on Monday. The company has a 50 day simple moving average of $110.48 and a 200 day simple moving average of $102.60. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 12.46 and a beta of 0.88. BOK Financial Corporation has a 1 year low of $85.07 and a 1 year high of $121.58. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, September 8th. The bank reported $2.02 earnings per share (EPS) for the quarter. The business had revenue of $298.49 million during the quarter. BOK Financial had a net margin of 15.98% and a return on equity of 9.35%. Research analysts anticipate that BOK Financial Corporation will post 8.83 EPS for the current fiscal year.

BOK Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a dividend of $0.63 per share. The ex-dividend date is Wednesday, November 12th. This represents a $2.52 dividend on an annualized basis and a yield of 2.4%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.57. BOK Financial’s dividend payout ratio is currently 27.18%.

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.