Elk River Wealth Management LLC Has $620,000 Stock Holdings in BOK Financial Corporation $BOKF

Elk River Wealth Management LLC increased its position in shares of BOK Financial Corporation (NASDAQ:BOKF) by 12.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,349 shares of the bank’s stock after buying an additional 696 shares during the quarter. Elk River Wealth Management LLC’s holdings in BOK Financial were worth $620,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Strs Ohio acquired a new stake in BOK Financial during the first quarter worth about $1,915,000. Acadian Asset Management LLC acquired a new stake in BOK Financial during the first quarter worth about $159,000. Jane Street Group LLC grew its position in BOK Financial by 344.0% during the first quarter. Jane Street Group LLC now owns 20,326 shares of the bank’s stock worth $2,117,000 after buying an additional 15,748 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in BOK Financial by 14.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,171 shares of the bank’s stock worth $9,391,000 after buying an additional 11,057 shares in the last quarter. Finally, Millennium Management LLC grew its position in BOK Financial by 6.4% during the first quarter. Millennium Management LLC now owns 268,887 shares of the bank’s stock worth $28,005,000 after buying an additional 16,108 shares in the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $113.09 on Friday. BOK Financial Corporation has a 1 year low of $85.07 and a 1 year high of $121.58. The firm has a 50 day moving average of $106.74 and a 200-day moving average of $100.05. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $7.19 billion, a P/E ratio of 13.54 and a beta of 0.91.

BOK Financial (NASDAQ:BOKF) last posted 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 net margin of 15.80% and a return on equity of 9.39%. The company had revenue of $525.50 million during the quarter, compared to analysts’ expectations of $521.80 million. During the same quarter in the previous year, the company posted $2.54 earnings per share. As a group, sell-side analysts anticipate that BOK Financial Corporation will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, August 13th. BOK Financial’s payout ratio is 27.31%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BOKF. Barclays lifted their price objective on BOK Financial from $110.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Citigroup lifted their price objective on BOK Financial from $97.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. DA Davidson lifted their price objective on BOK Financial from $114.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their price objective on BOK Financial from $101.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Finally, Hovde Group lifted their price objective on BOK Financial from $110.00 to $123.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and an average price target of $113.83.

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.