Wealthfront Inc. raised its holdings in Capital One Financial Corp. (NYSE:COF) by 14.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,398 shares of the financial services provider’s stock after purchasing an additional 2,654 shares during the quarter. Wealthfront Inc.’s holdings in Capital One Financial were worth $2,131,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in Capital One Financial in the 4th quarter valued at approximately $127,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Capital One Financial during the 4th quarter valued at approximately $141,000. Beach Investment Counsel Inc. PA acquired a new stake in shares of Capital One Financial during the 4th quarter valued at approximately $209,000. Lowe Brockenbrough & Co. Inc. acquired a new stake in shares of Capital One Financial during the 4th quarter valued at approximately $213,000. Finally, Abner Herrman & Brock LLC acquired a new stake in shares of Capital One Financial during the 4th quarter valued at approximately $219,000. 88.66% of the stock is currently owned by institutional investors.
Capital One Financial Corp. (COF) opened at $99.53 on Tuesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.08. Capital One Financial Corp. has a 12-month low of $76.05 and a 12-month high of $106.50. The stock has a market capitalization of $48,250.00, a P/E ratio of 26.40, 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 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.23). Capital One Financial had a return on equity of 8.36% and a net margin of 6.89%. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the firm earned $1.45 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. analysts predict that Capital One Financial Corp. will post 9.72 earnings per share for the current fiscal year.
The business also recently disclosed 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 is Friday, February 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.61%. Capital One Financial’s dividend payout ratio is currently 42.44%.
Capital One Financial declared that its Board of Directors has authorized a stock buyback plan on Tuesday, December 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
A number of equities research analysts have recently issued reports on COF shares. Piper Jaffray Companies upgraded shares of Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 price target for the company in a research report on Monday, December 18th. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Monday, December 18th. Buckingham Research lifted their price target on shares of Capital One Financial from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Wells Fargo & Co reiterated an “outperform” rating and set a $117.00 price target (up from $112.00) on shares of Capital One Financial in a research report on Wednesday, January 24th. Finally, Credit Suisse Group lifted their price target on shares of Capital One Financial from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $105.95.
In other Capital One Financial news, Director Ann F. Hackett sold 7,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $98.00, for a total value of $686,000.00. Following the completion of the transaction, the director now directly owns 65,011 shares in the company, valued at approximately $6,371,078. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard D. Fairbank sold 485,202 shares of the business’s 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 a total of 954,948 shares of company stock valued at $97,433,019 over the last 90 days. Insiders own 1.73% of the company’s stock.
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Capital One Financial 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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