Dynamic Capital Management Ltd Invests $1,042,000 in BOK Financial Corporation (BOKF)
Dynamic Capital Management Ltd purchased a new position in BOK Financial Corporation (NASDAQ:BOKF) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,107 shares of the company’s stock, valued at approximately $1,042,000.
Other large investors have also bought and sold shares of the company. FMR LLC increased its stake in BOK Financial Corporation by 33.9% in the second quarter. FMR LLC now owns 1,500,000 shares of the company’s stock worth $94,050,000 after buying an additional 379,940 shares during the period. Dimensional Fund Advisors LP increased its stake in BOK Financial Corporation by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,011,606 shares of the company’s stock worth $63,419,000 after buying an additional 102,559 shares during the period. Neuberger Berman Group LLC increased its stake in BOK Financial Corporation by 5.9% in the third quarter. Neuberger Berman Group LLC now owns 1,384,416 shares of the company’s stock worth $95,483,000 after buying an additional 77,429 shares during the period. Keeley Asset Management Corp increased its stake in BOK Financial Corporation by 9.6% in the second quarter. Keeley Asset Management Corp now owns 858,410 shares of the company’s stock worth $53,822,000 after buying an additional 75,050 shares during the period. Finally, Vanguard Group Inc. increased its stake in BOK Financial Corporation by 3.1% in the second quarter. Vanguard Group Inc. now owns 1,974,270 shares of the company’s stock worth $123,787,000 after buying an additional 60,095 shares during the period. 36.04% of the stock is owned by institutional investors and hedge funds.
Shares of BOK Financial Corporation (NASDAQ:BOKF) traded up 1.09% on Friday, reaching $83.50. 114,280 shares of the company traded hands. The firm has a 50-day moving average price of $82.53 and a 200 day moving average price of $71.23. BOK Financial Corporation has a one year low of $44.13 and a one year high of $85.00. The company has a market capitalization of $5.50 billion, a PE ratio of 22.88 and a beta of 0.88.
BOK Financial Corporation (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. BOK Financial Corporation had a net margin of 16.03% and a return on equity of 7.20%. During the same period last year, the firm posted $1.15 earnings per share. Equities analysts forecast that BOK Financial Corporation will post $3.73 EPS for the current fiscal year.
A number of research analysts recently issued reports on BOKF shares. Macquarie upgraded shares of BOK Financial Corporation from an “underperform” rating to a “neutral” rating in a report on Thursday, October 27th. Zacks Investment Research cut shares of BOK Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Wedbush started coverage on shares of BOK Financial Corporation in a report on Thursday, October 6th. They set a “neutral” rating and a $68.00 price objective for the company. Keefe, Bruyette & Woods restated a “market perform” rating on shares of BOK Financial Corporation in a report on Wednesday, October 12th. Finally, RBC Capital Markets restated a “sector perform” rating and set a $74.00 price objective (up previously from $68.00) on shares of BOK Financial Corporation in a report on Thursday, October 27th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $73.14.
In other BOK Financial Corporation news, CFO Steven E. Nell sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $77.11, for a total transaction of $616,880.00. Following the completion of the transaction, the chief financial officer now owns 64,286 shares in the company, valued at approximately $4,957,093.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director V Burns Hargis sold 4,074 shares of the firm’s stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $83.58, for a total transaction of $340,504.92. The disclosure for this sale can be found here. 61.30% of the stock is currently owned by corporate insiders.
About BOK Financial Corporation
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Colorado, Arizona and Kansas/Missouri. Its segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other. The Commercial Banking segment includes lending, treasury and cash management services, and customer risk management products for small businesses, middle market and commercial customers.
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