Xact Kapitalforvaltning AB raised its stake in Capital One Financial Corp. (NYSE:COF) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,254 shares of the financial services provider’s stock after purchasing an additional 3,968 shares during the period. Xact Kapitalforvaltning AB’s holdings in Capital One Financial were worth $11,975,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. BancorpSouth Bank acquired a new position in shares of Capital One Financial in the fourth quarter valued at about $3,914,000. Huntington National Bank grew its stake in shares of Capital One Financial by 3.8% in the fourth quarter. Huntington National Bank now owns 264,645 shares of the financial services provider’s stock valued at $26,353,000 after acquiring an additional 9,796 shares in the last quarter. Norinchukin Bank The grew its stake in shares of Capital One Financial by 9.5% in the third quarter. Norinchukin Bank The now owns 43,270 shares of the financial services provider’s stock valued at $3,663,000 after acquiring an additional 3,743 shares in the last quarter. Millennium Management LLC grew its stake in shares of Capital One Financial by 13.0% in the fourth quarter. Millennium Management LLC now owns 604,327 shares of the financial services provider’s stock valued at $60,179,000 after acquiring an additional 69,642 shares in the last quarter. Finally, Element Capital Management LLC acquired a new position in shares of Capital One Financial in the fourth quarter valued at about $23,274,000. Hedge funds and other institutional investors own 90.06% of the company’s stock.
In other news, CFO Richard Scott Blackley sold 2,194 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $98.19, for a total value of $215,428.86. Following the completion of the transaction, the chief financial officer now owns 38,537 shares of the company’s stock, valued at $3,783,948.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard D. Fairbank sold 485,202 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $105.09, for a total value of $50,989,878.18. The disclosure for this sale can be found here. Insiders sold 794,349 shares of company stock valued at $82,235,413 in the last three months. Company insiders own 1.73% of the company’s stock.
Capital One Financial stock opened at $97.01 on Thursday. The company has a market cap of $47,981.95, a PE ratio of 28.46, a PEG ratio of 0.88 and a beta of 1.34. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. Capital One Financial Corp. has a fifty-two week low of $76.05 and a fifty-two week high of $106.50.
Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.23). The company had revenue of $7 billion during the quarter, compared to the consensus estimate of $7.12 billion. Capital One Financial had a return on equity of 8.36% and a net margin of 6.89%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $1.45 EPS. equities research analysts forecast that Capital One Financial Corp. will post 9.73 EPS for the current fiscal year.
Capital One Financial declared that its board has initiated a stock buyback plan on Tuesday, December 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were issued a $0.40 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.65%. Capital One Financial’s dividend payout ratio (DPR) is currently 46.38%.
COF has been the topic of several research reports. Wedbush set a $95.00 price target on shares of Capital One Financial and gave the company a “hold” rating in a research note on Monday, December 11th. Piper Jaffray Companies upgraded shares of 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. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Monday, December 18th. Credit Suisse Group reaffirmed a “hold” rating and set a $92.00 price objective on shares of Capital One Financial in a research report on Tuesday, December 19th. Finally, Compass Point raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $99.52 to $122.00 in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $107.00.
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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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