Wetherby Asset Management Inc. decreased its stake in shares of Capital One Financial Corp. (NYSE:COF) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,406 shares of the financial services provider’s stock after selling 722 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Capital One Financial were worth $1,136,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in COF. Lord Abbett & CO. LLC raised its stake in Capital One Financial by 201.8% during the second quarter. Lord Abbett & CO. LLC now owns 150,000 shares of the financial services provider’s stock valued at $12,393,000 after buying an additional 100,300 shares during the last quarter. Shell Asset Management Co. raised its stake in Capital One Financial by 190.2% during the third quarter. Shell Asset Management Co. now owns 86,453 shares of the financial services provider’s stock valued at $7,056,000 after buying an additional 56,659 shares during the last quarter. Fisher Asset Management LLC raised its stake in Capital One Financial by 0.8% during the third quarter. Fisher Asset Management LLC now owns 1,324,145 shares of the financial services provider’s stock valued at $112,102,000 after buying an additional 10,211 shares during the last quarter. Foster & Motley Inc. raised its stake in Capital One Financial by 25.6% during the third quarter. Foster & Motley Inc. now owns 4,108 shares of the financial services provider’s stock valued at $348,000 after buying an additional 837 shares during the last quarter. Finally, Montecito Bank & Trust raised its stake in Capital One Financial by 26.8% during the third quarter. Montecito Bank & Trust now owns 4,211 shares of the financial services provider’s stock valued at $357,000 after buying an additional 891 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.
Shares of Capital One Financial Corp. (COF) opened at $99.53 on Monday. 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. The company has a market capitalization of $48,321.81, a price-to-earnings ratio of 28.85, a P/E/G ratio of 0.91 and a beta of 1.33.
Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.23). The firm 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 business’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 EPS. analysts forecast that Capital One Financial Corp. will post 9.72 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.60 annualized dividend and a yield of 1.61%. Capital One Financial’s dividend payout ratio (DPR) is presently 46.38%.
Capital One Financial announced that its board has approved a share repurchase program on Tuesday, December 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
A number of brokerages have issued reports on COF. Morgan Stanley lifted their price objective on Capital One Financial from $110.00 to $111.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $110.00 price objective on shares of Capital One Financial in a research note on Wednesday, January 24th. Buckingham Research lifted their price objective on Capital One Financial from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Credit Suisse Group lifted their target price on Capital One Financial from $106.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $117.00 target price (up previously from $112.00) on shares of Capital One Financial in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $105.95.
In related news, Director Bradford H. Warner sold 7,000 shares of Capital One Financial stock in a transaction on Monday, December 4th. The stock was sold at an average price of $94.94, for a total transaction of $664,580.00. Following the transaction, the director now directly owns 57,085 shares in the company, valued at $5,419,649.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fairbank sold 485,202 shares of Capital One Financial stock in a transaction 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 have sold 954,948 shares of company stock worth $97,433,019 over the last quarter. 1.73% of the stock is owned by company insiders.
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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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