Gulf International Bank UK Ltd grew its stake in shares of Capital One Financial Corp. (NYSE:COF) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,956 shares of the financial services provider’s stock after purchasing an additional 2,200 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Capital One Financial were worth $15,131,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in COF. Bank of Nova Scotia boosted its position in shares of Capital One Financial by 70.8% during the second quarter. Bank of Nova Scotia now owns 187,907 shares of the financial services provider’s stock valued at $15,525,000 after buying an additional 77,861 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Capital One Financial in the third quarter valued at about $1,635,000. Norinchukin Bank The increased its holdings 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 purchasing an additional 3,743 shares during the period. Private Advisor Group LLC increased its holdings in shares of Capital One Financial by 24.3% in the third quarter. Private Advisor Group LLC now owns 13,372 shares of the financial services provider’s stock valued at $1,160,000 after purchasing an additional 2,613 shares during the period. Finally, Toronto Dominion Bank increased its holdings in shares of Capital One Financial by 49.2% in the third quarter. Toronto Dominion Bank now owns 190,754 shares of the financial services provider’s stock valued at $16,148,000 after purchasing an additional 62,865 shares during the period. 88.33% of the stock is owned by hedge funds and other institutional investors.
Shares of Capital One Financial Corp. (NYSE:COF) traded up $0.31 during mid-day trading on Wednesday, reaching $104.73. The company’s stock had a trading volume of 1,240,282 shares, compared to its average volume of 2,189,410. The stock has a market capitalization of $50,360.00, a P/E ratio of 14.69, a P/E/G ratio of 1.39 and a beta of 1.28. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.17. Capital One Financial Corp. has a 52 week low of $76.05 and a 52 week high of $106.47.
Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.27. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the prior year, the business posted $2.03 earnings per share. Capital One Financial’s revenue for the quarter was up 8.1% on a year-over-year basis. equities research analysts anticipate that Capital One Financial Corp. will post 7.99 EPS for the current year.
Capital One Financial announced that its board has approved a stock repurchase plan on Tuesday, December 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
COF has been the topic of a number of research reports. Piper Jaffray Companies raised Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 price objective on the stock in a report on Monday, December 18th. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Monday, December 18th. Zacks Investment Research downgraded Capital One Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Robert W. Baird restated a “hold” rating and issued a $106.00 target price on shares of Capital One Financial in a research note on Wednesday, January 3rd. Finally, Credit Suisse Group restated a “hold” rating and issued a $92.00 target price on shares of Capital One Financial in a research note on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $102.14.
In related news, Director Ann F. Hackett sold 11,055 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $91.18, for a total value of $1,007,994.90. Following the completion of the sale, the director now owns 69,066 shares of the company’s stock, valued at $6,297,437.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Yajnik Sanjiv sold 156,278 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $100.00, for a total value of $15,627,800.00. Following the completion of the sale, the insider now directly owns 199,216 shares of the company’s stock, valued at approximately $19,921,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 435,282 shares of company stock valued at $42,264,713. Insiders own 1.73% of the company’s stock.
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Capital One Financial Company Profile
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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