HBK Sorce Advisory LLC acquired a new position in shares of Capital One Financial Corp. (NYSE:COF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,043 shares of the financial services provider’s stock, valued at approximately $203,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Element Capital Management LLC acquired a new position in Capital One Financial during the 4th quarter worth approximately $23,274,000. Sentinel Trust Co. LBA increased its position in Capital One Financial by 1.2% during the 4th quarter. Sentinel Trust Co. LBA now owns 49,167 shares of the financial services provider’s stock worth $4,896,000 after purchasing an additional 580 shares in the last quarter. Vident Investment Advisory LLC increased its position in Capital One Financial by 7.8% during the 4th quarter. Vident Investment Advisory LLC now owns 31,352 shares of the financial services provider’s stock worth $3,122,000 after purchasing an additional 2,274 shares in the last quarter. Lido Advisors LLC increased its position in Capital One Financial by 21.7% during the 4th quarter. Lido Advisors LLC now owns 2,896 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 516 shares in the last quarter. Finally, Zeke Capital Advisors LLC grew its holdings in Capital One Financial by 94.5% during the 4th quarter. Zeke Capital Advisors LLC now owns 17,903 shares of the financial services provider’s stock worth $1,783,000 after acquiring an additional 8,698 shares during the last quarter. Institutional investors and hedge funds own 90.06% of the company’s stock.
COF has been the topic of a number of research reports. Piper Jaffray Companies raised shares of Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 target price on the stock in a report on Monday, December 18th. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Monday, December 18th. Buckingham Research boosted their target price on shares of Capital One Financial from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Wells Fargo reissued an “outperform” rating and set a $117.00 target price (up from $112.00) on shares of Capital One Financial in a report on Wednesday, January 24th. Finally, Credit Suisse Group boosted their target price on shares of Capital One Financial from $106.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $107.00.
In related news, CEO Richard D. Fairbank sold 485,202 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $105.09, for a total transaction of $50,989,878.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Richard Scott Blackley sold 10,000 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $98.12, for a total transaction of $981,200.00. Following the transaction, the chief financial officer now directly owns 38,537 shares in the company, valued at $3,781,250.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 792,155 shares of company stock worth $82,019,984. Insiders own 1.73% of the company’s stock.
Shares of Capital One Financial Corp. (NYSE COF) opened at $98.65 on Tuesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 1.07. Capital One Financial Corp. has a 12 month low of $76.05 and a 12 month high of $106.50. The company has a market cap of $48,317.49, a price-to-earnings ratio of 28.59, a PEG ratio of 0.89 and a beta of 1.34.
Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 EPS for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.23). Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. The firm had revenue of $7 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. sell-side analysts anticipate that Capital One Financial Corp. will post 9.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Friday, February 9th. Capital One Financial’s dividend payout ratio is currently 46.38%.
Capital One Financial declared that its Board of Directors has initiated a stock buyback program on Tuesday, December 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
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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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