Municipal Employees Retirement System of Michigan raised its stake in shares of Capital One Financial Corp. (NYSE:COF) by 18.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 21,660 shares of the financial services provider’s stock after buying an additional 3,350 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Capital One Financial were worth $2,157,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. Davis Selected Advisers boosted its holdings in Capital One Financial by 43.7% in the 3rd quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock worth $980,149,000 after buying an additional 3,519,332 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Capital One Financial by 118.7% in the 4th quarter. TIAA CREF Investment Management LLC now owns 4,156,429 shares of the financial services provider’s stock worth $413,897,000 after buying an additional 2,255,496 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Capital One Financial by 1,256.0% in the 4th quarter. APG Asset Management N.V. now owns 1,851,401 shares of the financial services provider’s stock worth $153,533,000 after buying an additional 1,714,867 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Capital One Financial by 49,032.3% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,479,866 shares of the financial services provider’s stock worth $147,365,000 after purchasing an additional 1,476,854 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted 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 purchasing an additional 1,147,191 shares during the last quarter. Institutional investors and hedge funds own 90.06% of the company’s stock.
Shares of Capital One Financial stock traded down $2.80 during trading hours on Friday, reaching $94.72. 3,041,873 shares of the company were exchanged, compared to its average volume of 2,086,987. Capital One Financial Corp. has a 1 year low of $76.05 and a 1 year high of $106.50. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $46,061.11, a P/E ratio of 12.16, a P/E/G ratio of 0.84 and a beta of 1.31.
Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $7.12 billion. During the same period in the prior year, the company posted $1.45 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. sell-side analysts predict that Capital One Financial Corp. will post 9.81 earnings per share for the current year.
Capital One Financial declared that its board has initiated 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. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In related news, Director Bradford H. Warner sold 3,000 shares of the business’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $95.05, for a total transaction of $285,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kleber Santos sold 1,711 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $97.00, for a total transaction of $165,967.00. Following the transaction, the insider now owns 15,894 shares of the company’s stock, valued at approximately $1,541,718. The disclosure for this sale can be found here. In the last quarter, insiders have sold 585,692 shares of company stock valued at $61,375,379. Insiders own 1.73% of the company’s stock.
Several research analysts have recently weighed in on the company. Credit Suisse Group restated a “neutral” rating on shares of Capital One Financial in a report on Wednesday, December 27th. Royal Bank of Canada restated a “buy” rating and set a $110.00 target price on shares of Capital One Financial in a report on Wednesday, January 24th. Piper Jaffray upgraded 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. Wells Fargo restated 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, Morgan Stanley lifted their price target on shares of Capital One Financial from $110.00 to $111.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $107.32.
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Capital One Financial Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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