Tulsa Wealth Advisors INC Buys New Position in BOK Financial Corporation $BOKF

Tulsa Wealth Advisors INC purchased a new position in shares of BOK Financial Corporation (NASDAQ:BOKF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,241 shares of the bank’s stock, valued at approximately $502,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC lifted its stake in BOK Financial by 173.1% during the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. Pinnacle Holdings LLC bought a new stake in shares of BOK Financial in the 4th quarter worth $31,000. Covestor Ltd grew its stake in shares of BOK Financial by 108.0% in the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock worth $43,000 after acquiring an additional 190 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of BOK Financial in the third quarter valued at about $41,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of BOK Financial by 43,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 440 shares of the bank’s stock valued at $52,000 after purchasing an additional 439 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, EVP Mark B. Wade sold 1,700 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $132.62, for a total transaction of $225,454.00. Following the completion of the transaction, the executive vice president owned 20,361 shares in the company, valued at $2,700,275.82. This trade represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven Bangert sold 500 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $134.91, for a total transaction of $67,455.00. Following the transaction, the director owned 10,436 shares of the company’s stock, valued at $1,407,920.76. This represents a 4.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,500 shares of company stock valued at $738,571 over the last three months. 63.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BOKF has been the topic of several analyst reports. Royal Bank Of Canada boosted their price target on shares of BOK Financial from $136.00 to $145.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. DA Davidson increased their price objective on shares of BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Citigroup increased their price objective on shares of BOK Financial from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of BOK Financial in a research report on Tuesday, June 9th. Finally, Wells Fargo & Company boosted their target price on BOK Financial from $115.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Monday, March 30th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, BOK Financial presently has a consensus rating of “Hold” and an average price target of $134.91.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $130.33 on Friday. The company has a market capitalization of $7.92 billion, a P/E ratio of 13.19 and a beta of 0.81. The business has a fifty day simple moving average of $131.53 and a two-hundred day simple moving average of $128.02. 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 Corporation has a 1 year low of $91.62 and a 1 year high of $139.73.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, April 20th. The bank reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.The firm had revenue of $553.82 million for the quarter, compared to analysts’ expectations of $549.71 million. During the same quarter in the prior year, the firm earned $1.86 EPS. On average, analysts expect that BOK Financial Corporation will post 10.24 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.52 annualized dividend and a yield of 1.9%. BOK Financial’s dividend payout ratio is 25.51%.

About BOK Financial

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.