Columbus Circle Investors boosted its stake in Capital One (NYSE:COF) by 18.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 339,740 shares of the financial services provider’s stock after purchasing an additional 52,494 shares during the period. Columbus Circle Investors owned about 0.07% of Capital One worth $32,554,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in COF. Bedel Financial Consulting Inc. acquired a new stake in shares of Capital One during the first quarter worth $107,000. Psagot Investment House Ltd. increased its position in shares of Capital One by 98.3% during the first quarter. Psagot Investment House Ltd. now owns 1,190 shares of the financial services provider’s stock worth $114,000 after buying an additional 590 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Capital One during the fourth quarter worth $127,000. Delpha Capital Management LLC acquired a new stake in shares of Capital One during the fourth quarter worth $134,000. Finally, Jacobi Capital Management LLC increased its position in shares of Capital One by 98.3% during the first quarter. Jacobi Capital Management LLC now owns 1,370 shares of the financial services provider’s stock worth $128,000 after buying an additional 679 shares during the period. Hedge funds and other institutional investors own 89.71% of the company’s stock.
In other Capital One news, CFO Richard Scott Blackley sold 10,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $98.12, for a total value of $981,200.00. Following the transaction, the chief financial officer now directly owns 38,537 shares of the company’s stock, valued at $3,781,250.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kleber Santos sold 5,607 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $97.74, for a total transaction of $548,028.18. Following the completion of the transaction, the insider now directly owns 15,894 shares in the company, valued at $1,553,479.56. The disclosure for this sale can be found here. Insiders sold 293,770 shares of company stock valued at $27,484,751 over the last 90 days. Corporate insiders own 1.73% of the company’s stock.
COF has been the subject of several recent analyst reports. Buckingham Research increased their price objective on shares of Capital One from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Wells Fargo reiterated an “outperform” rating and set a $117.00 price objective (up from $112.00) on shares of Capital One in a research report on Wednesday, January 24th. Credit Suisse Group increased their price objective on shares of Capital One from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. BMO Capital Markets reiterated an “outperform” rating and set a $140.00 price objective on shares of Capital One in a research report on Wednesday, January 24th. Finally, Instinet cut shares of Capital One from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $98.47 to $109.00 in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $108.52.
NYSE:COF opened at $96.74 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $46.58 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 0.90 and a beta of 1.32. Capital One has a 12 month low of $94.55 and a 12 month high of $96.54.
Capital One (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.31. The business had revenue of $6.90 million during the quarter, compared to analysts’ expectations of $6.93 billion. Capital One had a net margin of 8.38% and a return on equity of 9.23%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $1.75 earnings per share. research analysts anticipate that Capital One will post 10.08 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 24th. Shareholders of record on Monday, May 14th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, May 11th. Capital One’s payout ratio is 20.54%.
Capital One Company 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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