Eagle Asset Management Inc. trimmed its stake in Capital One Financial Corp. (NYSE:COF) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 211,697 shares of the financial services provider’s stock after selling 12,698 shares during the quarter. Eagle Asset Management Inc.’s holdings in Capital One Financial were worth $21,037,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Davis Selected Advisers raised its holdings in Capital One Financial by 43.7% in the 3rd quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock valued at $980,149,000 after acquiring an additional 3,519,332 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Capital One Financial by 5.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,317,935 shares of the financial services provider’s stock worth $534,876,000 after acquiring an additional 338,678 shares during the last quarter. LSV Asset Management lifted its holdings in Capital One Financial by 13.2% during the 4th quarter. LSV Asset Management now owns 4,774,254 shares of the financial services provider’s stock worth $475,420,000 after buying an additional 557,665 shares during the period. Pzena Investment Management LLC lifted its holdings in Capital One Financial by 13.5% during the 3rd quarter. Pzena Investment Management LLC now owns 4,588,908 shares of the financial services provider’s stock worth $388,497,000 after buying an additional 547,262 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Capital One Financial by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,504,636 shares of the financial services provider’s stock worth $381,341,000 after buying an additional 90,233 shares during the period. Hedge funds and other institutional investors own 90.09% of the company’s stock.
In other Capital One Financial news, insider Kleber Santos sold 5,607 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $97.74, for a total value of $548,028.18. Following the transaction, the insider now directly owns 15,894 shares in the company, valued at approximately $1,553,479.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank G. LapradeIii sold 83,046 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $95.00, for a total transaction of $7,889,370.00. Following the transaction, the insider now owns 97,346 shares in the company, valued at $9,247,870. The disclosure for this sale can be found here. Insiders have sold a total of 882,201 shares of company stock worth $90,595,354 over the last quarter. 1.73% of the stock is currently owned by insiders.
Shares of Capital One Financial Corp. (COF) traded down $1.62 during mid-day trading on Wednesday, hitting $97.20. 1,988,662 shares of the stock were exchanged, compared to its average volume of 2,384,199. Capital One Financial Corp. has a 12-month low of $76.05 and a 12-month high of $106.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.08. The company has a market cap of $48,050.00, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34.
Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.23). The firm had revenue of $7 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 EPS. sell-side analysts expect that Capital One Financial Corp. will post 9.72 earnings per share for the current fiscal year.
Capital One Financial announced that its board has approved a share buyback plan on Tuesday, December 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, February 9th. Capital One Financial’s dividend payout ratio is 21.45%.
A number of brokerages have recently issued reports on COF. Credit Suisse Group reissued a “neutral” rating on shares of Capital One Financial in a research note on Wednesday, December 27th. Royal Bank of Canada reaffirmed a “buy” rating and set a $110.00 price target on shares of Capital One Financial in a research note on Wednesday, January 24th. Piper Jaffray Companies raised Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 price target on the stock in a research note on Monday, December 18th. Wells Fargo & Co reissued an “outperform” rating and set a $117.00 price objective (up from $112.00) on shares of Capital One Financial in a report on Wednesday, January 24th. Finally, Morgan Stanley boosted their price objective on Capital One Financial from $110.00 to $111.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $107.00.
About Capital One Financial
Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.
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