WBI Investments Inc. Invests $19.98 Million in Capital One (COF) Stock

WBI Investments Inc. acquired a new position in shares of Capital One (NYSE:COF) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 208,509 shares of the financial services provider’s stock, valued at approximately $19,979,000. Capital One comprises about 1.0% of WBI Investments Inc.’s investment portfolio, making the stock its 26th largest position.

Other institutional investors have also modified their holdings of the company. Bedel Financial Consulting Inc. purchased a new position in Capital One during the 1st quarter worth $107,000. Psagot Investment House Ltd. grew its position in Capital One by 98.3% during the 1st quarter. Psagot Investment House Ltd. now owns 1,190 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 590 shares during the last quarter. Cerebellum GP LLC purchased a new position in Capital One during the 4th quarter worth $127,000. Jacobi Capital Management LLC grew its position in Capital One by 98.3% during the 1st quarter. Jacobi Capital Management LLC now owns 1,370 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 679 shares during the last quarter. Finally, Delpha Capital Management LLC purchased a new position in Capital One during the 4th quarter worth $134,000. 88.78% of the stock is currently owned by institutional investors.

COF stock opened at $95.29 on Thursday. The stock has a market cap of $47.06 billion, a P/E ratio of 12.23, a P/E/G ratio of 0.91 and a beta of 1.32. Capital One has a 52 week low of $76.05 and a 52 week high of $106.50. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.02.

Capital One (NYSE:COF) last released its quarterly earnings data on Tuesday, April 24th. The financial services provider reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.31. The firm had revenue of $6.90 million for the quarter, compared to the consensus estimate of $6.93 billion. Capital One had a net margin of 8.38% and a return on equity of 9.23%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.75 earnings per share. equities analysts predict that Capital One will post 10.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 24th. Shareholders of record on Monday, May 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, May 11th. Capital One’s payout ratio is currently 20.54%.

Several analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Capital One in a report on Wednesday, January 24th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $117.00 target price (up previously from $112.00) on shares of Capital One in a report on Wednesday, January 24th. Credit Suisse Group lifted their target price on shares of Capital One from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Buckingham Research lifted their target price on shares of Capital One from $110.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $110.00 target price on shares of Capital One in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $108.52.

In other Capital One news, insider Kevin S. Borgmann sold 4,860 shares of Capital One stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $95.00, for a total transaction of $461,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kevin S. Borgmann sold 12,214 shares of Capital One stock in a transaction dated Thursday, April 26th. The stock was sold at an average price of $92.80, for a total transaction of $1,133,459.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 288,163 shares of company stock valued at $26,936,723. 1.73% of the stock is currently owned by company insiders.

Capital One Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

Institutional Ownership by Quarter for Capital One (NYSE:COF)

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