XTX Topco Ltd Raises Stake in BOK Financial Co. (NASDAQ:BOKF)

XTX Topco Ltd boosted its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 34.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,594 shares of the bank’s stock after buying an additional 912 shares during the quarter. XTX Topco Ltd’s holdings in BOK Financial were worth $329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BOKF. Covestor Ltd grew its position in BOK Financial by 361.8% during the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after purchasing an additional 369 shares during the period. Olistico Wealth LLC acquired a new stake in BOK Financial during the second quarter worth about $46,000. Bessemer Group Inc. purchased a new position in BOK Financial during the first quarter valued at approximately $86,000. nVerses Capital LLC acquired a new position in BOK Financial in the second quarter valued at approximately $147,000. Finally, TFO Wealth Partners LLC boosted its position 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 in the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. DA Davidson lifted their price objective on shares of BOK Financial from $97.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Hovde Group upped their price objective on shares of BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Royal Bank of Canada raised their target price on BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Finally, Truist Financial raised BOK Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $109.10.

BOK Financial Stock Up 1.4 %

Shares of BOKF opened at $104.22 on Friday. The stock has a 50 day moving average price of $102.21 and a 200 day moving average price of $94.60. BOK Financial Co. has a one year low of $62.42 and a one year high of $108.01. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 15.19 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last released its earnings results 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. The business had revenue of $871.84 million during the quarter, compared to analyst estimates of $520.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Equities research analysts forecast that BOK Financial Co. will post 7.78 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Thursday, August 15th. BOK Financial’s dividend payout ratio (DPR) 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.