Why Philip Lengyel Sold 5,000 Stock of Steel Connect, Inc. (STCN)?; Bok Financial (BOKF)’s Sentiment Is 1.18

April 17, 2018 - By Martha Paddon

BOK Financial Corporation (NASDAQ:BOKF) Logo

Bok Financial Corp (BOKF) investors sentiment increased to 1.18 in 2017 Q4. It’s up 0.18, from 1 in 2017Q3. The ratio has increased, as 71 investment professionals started new or increased equity positions, while 60 decreased and sold their holdings in Bok Financial Corp. The investment professionals in our database now have: 21.12 million shares, up from 19.93 million shares in 2017Q3. Also, the number of investment professionals holding Bok Financial Corp in top ten equity positions was flat from 1 to 1 for the same number . Sold All: 18 Reduced: 42 Increased: 47 New Position: 24.

Analysts await BOK Financial Corporation (NASDAQ:BOKF) to report earnings on April, 25 before the open. They expect $1.52 earnings per share, up 12.59% or $0.17 from last year’s $1.35 per share. BOKF’s profit will be $99.51M for 16.87 P/E if the $1.52 EPS becomes a reality. After $1.29 actual earnings per share reported by BOK Financial Corporation for the previous quarter, Wall Street now forecasts 17.83% EPS growth.

George Kaiser Family Foundation holds 85.95% of its portfolio in BOK Financial Corporation for 2.81 million shares. Reinhart Partners Inc. owns 260,623 shares or 2.38% of their US portfolio. Moreover, Skba Capital Management Llc has 2.23% invested in the company for 173,710 shares. The California-based Aristotle Capital Management Llc has invested 1.42% in the stock. Avenir Corp, a -based fund reported 142,390 shares.

BOK Financial Corporation, a financial holding company, operates BOKF, NA that provides various financial services and products in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. The company has market cap of $6.72 billion. It operates through three divisions: Commercial Banking, Consumer Banking, and Wealth Management. It has a 20.08 P/E ratio. The Commercial Banking segment offers lending, treasury and cash management services, and customer risk management products for small businesses, middle market, and larger commercial customers.

Since January 1, 0001, it had 0 insider buys, and 2 insider sales for $843,855 activity.

Ratings analysis reveals 20% of BOK Financial’s analysts are positive. Out of 5 Wall Street analysts rating BOK Financial, 1 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $68.0 while the high is $94.0. The stock’s average target of $78.67 is -23.32% below today’s ($102.59) share price. BOKF was included in 5 notes of analysts from October 7, 2016. The firm has “Neutral” rating by Macquarie Research given on Thursday, October 27. On Monday, December 12 the stock rating was upgraded by Hovde Group to “Outperform”. On Thursday, October 27 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of BOK Financial Corporation (NASDAQ:BOKF) earned “Market Perform” rating by Wells Fargo on Monday, January 9. The firm has “Neutral” rating by Wedbush given on Friday, October 7.

The stock increased 0.28% or $0.29 during the last trading session, reaching $102.59. About 98,373 shares traded. BOK Financial Corporation (BOKF) has risen 29.90% since April 17, 2017 and is uptrending. It has outperformed by 18.35% the S&P500.

Investors sentiment increased to 1.24 in Q4 2017. Its up 0.68, from 0.56 in 2017Q3. It improved, as 6 investors sold Steel Connect, Inc. shares while 11 reduced holdings. 13 funds opened positions while 8 raised stakes. 12.54 million shares or 59.85% less from 31.22 million shares in 2017Q3 were reported. Vanguard Gp Incorporated reported 1.31M shares. Credit Agricole S A owns 25 shares. Geode Cap Mngmt Ltd Limited Liability Company has invested 0% of its portfolio in Steel Connect, Inc. (NASDAQ:STCN). Deutsche Commercial Bank Ag invested in 0% or 155,903 shares. Teton Advisors holds 0.37% or 1.63M shares. Connor Clark & Lunn Inv Mngmt Ltd, British Columbia – Canada-based fund reported 35,800 shares. Manufacturers Life Insur The invested in 0% or 3,477 shares. 4 were accumulated by Royal Natl Bank Of Canada. Credit Suisse Ag reported 0% in Steel Connect, Inc. (NASDAQ:STCN). Renaissance Techs Ltd owns 2.00 million shares. Massachusetts-based Stonehearth Limited Liability Company has invested 0% in Steel Connect, Inc. (NASDAQ:STCN). Schneider Mngmt owns 882,419 shares. Northern Tru has 145,981 shares. Acadian Asset Ltd holds 6,294 shares. Goldman Sachs Group Inc holds 0% or 30,560 shares.

Steel Connect, Inc., through its subsidiaries, provides supply chain and logistics services to the consumer electronics, communications, computing, medical devices, software, storage, retail, and other industries. The company has market cap of $118.02 million. It operates through four divisions: Americas, Asia, Europe, and e-Business. It has a 2.58 P/E ratio. The firm offers material planning and factory supply solutions, including sourcing and delivering inbound materials, kitting and assembly of packaging materials and accessories, and managing logistics and delivery schedules into multiple manufacturing sites or partners; and value-added warehousing and distribution services, such as order management, pick, pack, ship, retail connectivity, demand planning, and integrated transportation management services, as well as solutions for the physical programming of digital content comprising software, firmware, upgrades, or promotional material onto various types of flash media.

After the disclosing of a legal form filled with Washington-based SEC; a transaction became apparent. The director of Steel Connect Inc, Philip Lengyel; finalized a transaction in the open market by selling 5,000 shares at the average stock price of $2.0 of the Massachusetts-based company valued at near $10,000 U.S. Dollars. In the last month, he also sold 987 shares with a market value $2,270 USD. Currently, he holds a total of 121,915 shares or 0.20% of Steel Connect Inc’s market cap (share price times the number of shares outstanding).

BOK Financial Corporation (NASDAQ:BOKF) Ratings Chart