Impact Partnership Wealth LLC Buys New Holdings in BOK Financial Corporation $BOKF

Impact Partnership Wealth LLC bought a new stake in BOK Financial Corporation (NASDAQ:BOKF) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 2,823 shares of the bank’s stock, valued at approximately $276,000.

Several other hedge funds have also recently added to or reduced their stakes in BOKF. AQR Capital Management LLC raised its holdings in BOK Financial by 39.8% in the first quarter. AQR Capital Management LLC now owns 579,732 shares of the bank’s stock valued at $59,446,000 after acquiring an additional 165,184 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in BOK Financial by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank’s stock valued at $256,531,000 after acquiring an additional 90,948 shares in the last quarter. Nuveen LLC acquired a new stake in BOK Financial in the first quarter valued at approximately $4,613,000. Northern Trust Corp raised its holdings in BOK Financial by 25.1% in the first quarter. Northern Trust Corp now owns 182,347 shares of the bank’s stock valued at $18,991,000 after acquiring an additional 36,630 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in BOK Financial by 13.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 269,292 shares of the bank’s stock valued at $27,314,000 after acquiring an additional 32,460 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Performance

Shares of BOKF opened at $104.77 on Friday. 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 firm has a market cap of $6.66 billion, a PE ratio of 12.49 and a beta of 0.88. The company’s 50 day simple moving average is $110.59 and its 200-day simple moving average is $102.33. BOK Financial Corporation has a 12-month low of $85.07 and a 12-month high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, September 8th. The bank reported $2.02 earnings per share (EPS) for the quarter. The business had revenue of $298.49 million for the quarter. BOK Financial had a net margin of 15.98% and a return on equity of 9.35%. As a group, equities analysts predict that BOK Financial Corporation will post 8.83 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of BOK Financial from a “hold” rating to a “sell” rating in a report on Sunday, October 19th. Hovde Group increased their price target on shares of BOK Financial from $110.00 to $123.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. DA Davidson lifted their price target on shares of BOK Financial from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group set a $135.00 price target on shares of BOK Financial and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods cut their price target on shares of BOK Financial from $118.00 to $116.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 22nd. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, BOK Financial presently has a consensus rating of “Hold” and an average price target of $115.55.

About BOK Financial

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.