Point72 DIFC Ltd Purchases New Shares in BOK Financial Co. (NASDAQ:BOKF)

Point72 DIFC Ltd acquired a new stake in BOK Financial Co. (NASDAQ:BOKF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,561 shares of the bank’s stock, valued at approximately $143,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BOKF. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BOK Financial during the 2nd quarter worth about $39,000. Covestor Ltd grew its position in shares of BOK Financial by 361.8% in the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after purchasing an additional 369 shares during the period. Olistico Wealth LLC bought a new stake in shares of BOK Financial during the second quarter worth $46,000. Bessemer Group Inc. bought a new stake in BOK Financial in the 1st quarter valued at $86,000. Finally, TFO Wealth Partners LLC boosted its stake in BOK Financial by 41,350.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,658 shares of the bank’s stock worth $142,000 after purchasing an additional 1,654 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BOKF. Wedbush boosted their price objective on shares of BOK Financial from $94.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods raised their price objective on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Royal Bank of Canada upped their target price on BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Stephens restated an “equal weight” rating and issued a $104.00 price target on shares of BOK Financial in a research note on Tuesday, July 23rd. Finally, Wells Fargo & Company boosted their price target on BOK Financial from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $109.80.

BOK Financial Price Performance

BOKF stock opened at $101.23 on Wednesday. The company’s 50-day moving average price is $102.08 and its two-hundred day moving average price is $95.07. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. BOK Financial Co. has a 12 month low of $62.42 and a 12 month high of $108.01. The firm has a market cap of $6.53 billion, a P/E ratio of 14.76 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The business had revenue of $871.84 million during the quarter, compared to analysts’ expectations of $520.43 million. During the same period in the prior year, the company earned $2.27 EPS. On average, analysts anticipate that BOK Financial Co. will post 7.78 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.20 annualized dividend and a yield of 2.17%. BOK Financial’s dividend payout ratio is presently 32.07%.

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.