Oakbrook Investments LLC decreased its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,840 shares of the financial services provider’s stock after selling 2,080 shares during the period. Oakbrook Investments LLC’s holdings in Capital One Financial were worth $3,569,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in COF. Davis Selected Advisers grew its holdings in shares of Capital One Financial by 43.7% during the 3rd quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock worth $980,149,000 after acquiring an additional 3,519,332 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Capital One Financial by 229.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,647,291 shares of the financial services provider’s stock worth $139,460,000 after acquiring an additional 1,147,191 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Capital One Financial by 107.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,989,104 shares of the financial services provider’s stock worth $164,340,000 after acquiring an additional 1,031,829 shares during the period. Bank of Montreal Can grew its holdings in shares of Capital One Financial by 289.9% during the 4th quarter. Bank of Montreal Can now owns 1,202,241 shares of the financial services provider’s stock worth $119,721,000 after acquiring an additional 893,928 shares during the period. Finally, Capital World Investors grew its holdings in shares of Capital One Financial by 2.3% during the 2nd quarter. Capital World Investors now owns 38,396,005 shares of the financial services provider’s stock worth $3,172,278,000 after acquiring an additional 849,047 shares during the period. 88.33% of the stock is owned by institutional investors and hedge funds.
COF has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a report on Thursday, January 4th. Barclays upped their target price on Capital One Financial from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Wells Fargo & Co reiterated an “outperform” rating and set a $112.00 target price (up previously from $102.00) on shares of Capital One Financial in a report on Tuesday, January 9th. BMO Capital Markets reiterated a “buy” rating and set a $116.00 target price on shares of Capital One Financial in a report on Friday, October 6th. Finally, Compass Point upgraded Capital One Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $99.52 to $122.00 in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. Capital One Financial currently has a consensus rating of “Hold” and a consensus price target of $102.14.
In related news, insider Michael Slocum sold 8,292 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $91.99, for a total value of $762,781.08. Following the transaction, the insider now directly owns 53,613 shares of the company’s stock, valued at approximately $4,931,859.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 11,055 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $91.18, for a total value of $1,007,994.90. Following the completion of the transaction, the director now directly owns 69,066 shares in the company, valued at $6,297,437.88. The disclosure for this sale can be found here. Insiders sold a total of 445,368 shares of company stock worth $43,323,743 over the last ninety days. 1.73% of the stock is currently owned by insiders.
Capital One Financial Corp. (NYSE COF) traded down $0.62 during trading on Thursday, hitting $103.77. The company had a trading volume of 1,424,848 shares, compared to its average volume of 2,198,309. The stock has a market cap of $50,350.00, a P/E ratio of 14.55, a P/E/G ratio of 1.36 and a beta of 1.28. Capital One Financial Corp. has a 52 week low of $76.05 and a 52 week high of $106.47. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06.
Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.27. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.81 billion. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.03 EPS. research analysts predict that Capital One Financial Corp. will post 7.99 earnings per share for the current fiscal year.
Capital One Financial declared that its board has initiated a stock repurchase plan on Tuesday, December 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
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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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