AlphaQuest LLC Has $2.78 Million Stock Holdings in BOK Financial Corporation $BOKF

AlphaQuest LLC increased its holdings in shares of BOK Financial Corporation (NASDAQ:BOKF) by 1,003.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 23,461 shares of the bank’s stock after purchasing an additional 21,334 shares during the period. AlphaQuest LLC’s holdings in BOK Financial were worth $2,779,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. M&T Bank Corp increased its stake in BOK Financial by 1,397.2% during the fourth quarter. M&T Bank Corp now owns 30,767 shares of the bank’s stock valued at $3,645,000 after acquiring an additional 28,712 shares during the period. Dimensional Fund Advisors LP increased its stake in BOK Financial by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,629,362 shares of the bank’s stock valued at $293,015,000 after acquiring an additional 59,241 shares during the period. Victory Capital Management Inc. increased its stake in BOK Financial by 18.8% during the third quarter. Victory Capital Management Inc. now owns 234,007 shares of the bank’s stock valued at $26,078,000 after acquiring an additional 36,982 shares during the period. Numerai GP LLC bought a new position in BOK Financial during the third quarter valued at about $1,949,000. Finally, Ritholtz Wealth Management bought a new position in BOK Financial during the fourth quarter valued at about $957,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Analyst Ratings Changes

BOKF has been the topic of several research reports. DA Davidson boosted their price target on BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Zacks Research lowered BOK Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Wells Fargo & Company upped their price objective on BOK Financial from $115.00 to $127.00 and gave the company an “equal weight” rating in a research note on Monday, March 30th. Barclays upped their price objective on BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th. Finally, Citigroup upped their price objective on BOK Financial from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, BOK Financial has a consensus rating of “Hold” and a consensus price target of $134.91.

Insider Buying and Selling at BOK Financial

In other news, EVP Jeffrey A. Reid sold 1,200 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $135.52, for a total value of $162,624.00. Following the transaction, the executive vice president owned 8,116 shares of the company’s stock, valued at $1,099,880.32. This represents a 12.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark B. Wade sold 1,700 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $132.62, for a total value of $225,454.00. Following the completion of the transaction, the executive vice president directly owned 20,361 shares in the company, valued at approximately $2,700,275.82. This trade represents a 7.71% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 5,500 shares of company stock worth $738,571. Insiders own 63.53% of the company’s stock.

BOK Financial Stock Up 1.3%

NASDAQ BOKF opened at $132.43 on Wednesday. The firm has a market cap of $8.05 billion, a PE ratio of 13.40 and a beta of 0.83. BOK Financial Corporation has a one year low of $91.35 and a one year high of $139.73. The stock’s 50 day simple moving average is $130.54 and its 200 day simple moving average is $125.49. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, April 20th. The bank reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.28. The business had revenue of $553.82 million for the quarter, compared to analyst estimates of $549.71 million. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.During the same period in the prior year, the company earned $1.86 EPS. As a group, sell-side analysts forecast that BOK Financial Corporation will post 10.24 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, May 13th. BOK Financial’s dividend payout ratio (DPR) is presently 25.51%.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.