New York State Common Retirement Fund lifted its holdings in shares of Capital One (NYSE:COF) by 3.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,576,800 shares of the financial services provider’s stock after purchasing an additional 45,900 shares during the period. New York State Common Retirement Fund owned about 0.32% of Capital One worth $151,089,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in COF. Bedel Financial Consulting Inc. bought a new position in shares of Capital One during the 1st quarter valued at $107,000. Psagot Investment House Ltd. grew its holdings in shares of 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 valued at $114,000 after purchasing an additional 590 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of Capital One during the 4th quarter valued at $127,000. Jacobi Capital Management LLC grew its holdings in shares of 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 valued at $128,000 after purchasing an additional 679 shares during the last quarter. Finally, Delpha Capital Management LLC bought a new position in shares of Capital One during the 4th quarter valued at $134,000. 88.78% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on the stock. Wells Fargo & Co reduced their target price on shares of Capital One from $117.00 to $109.00 and set an “outperform” rating on the stock in a report on Thursday, March 29th. Sandler O’Neill set a $113.00 target price on shares of Capital One and gave the company a “buy” rating in a report on Tuesday, April 10th. BMO Capital Markets reduced their target price on shares of Capital One from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Wednesday, April 25th. They noted that the move was a valuation call. ValuEngine lowered shares of Capital One from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. Finally, Instinet lowered shares of Capital One from a “buy” rating to a “neutral” rating and increased their target price for the company from $98.47 to $109.00 in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. Capital One presently has an average rating of “Hold” and a consensus price target of $108.52.
Shares of COF opened at $95.33 on Friday. The stock has a market cap of $46.54 billion, a PE ratio of 12.24, a P/E/G ratio of 0.89 and a beta of 1.32. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.02 and a current ratio of 1.02. Capital One has a 1-year low of $76.05 and a 1-year high of $106.50.
Capital One (NYSE:COF) last announced its earnings results on Tuesday, April 24th. The financial services provider reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.31. The firm had revenue of $6.90 million for the quarter, compared to analyst estimates of $6.93 billion. Capital One had a net margin of 8.38% and a return on equity of 9.23%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 EPS. research analysts expect that Capital One will post 10.07 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, May 24th. Stockholders of record on Monday, May 14th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, May 11th. Capital One’s payout ratio is 20.54%.
In other news, CEO Richard D. Fairbank sold 242,600 shares of Capital One stock in a transaction dated Wednesday, April 25th. The shares were sold at an average price of $93.13, for a total transaction of $22,593,338.00. Following the sale, the chief executive officer now owns 3,011,738 shares of the company’s stock, valued at approximately $280,483,159.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard Scott Blackley sold 10,000 shares of Capital One stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $98.12, for a total transaction of $981,200.00. Following the sale, the chief financial officer now directly owns 38,537 shares in the company, valued at approximately $3,781,250.44. The disclosure for this sale can be found here. Insiders have sold a total of 288,163 shares of company stock worth $26,936,723 in the last ninety days. Insiders own 1.73% of the company’s stock.
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.
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