Candriam Luxembourg S.C.A. Increases Stake in Capital One (COF)

Candriam Luxembourg S.C.A. lifted its position in Capital One (NYSE:COF) by 3.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 151,903 shares of the financial services provider’s stock after acquiring an additional 4,434 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Capital One were worth $14,556,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its position in shares of Capital One by 9.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 25,850 shares of the financial services provider’s stock worth $2,476,000 after acquiring an additional 2,281 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of Capital One by 1,404.9% in the 1st quarter. Federated Investors Inc. PA now owns 295,946 shares of the financial services provider’s stock worth $28,358,000 after acquiring an additional 276,281 shares in the last quarter. BlackRock Inc. raised its position in shares of Capital One by 2.3% in the 1st quarter. BlackRock Inc. now owns 29,763,273 shares of the financial services provider’s stock worth $2,851,916,000 after acquiring an additional 661,251 shares in the last quarter. Northern Trust Corp raised its position in shares of Capital One by 0.7% in the 1st quarter. Northern Trust Corp now owns 5,713,153 shares of the financial services provider’s stock worth $547,434,000 after acquiring an additional 37,656 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Capital One in the 1st quarter worth approximately $8,550,000. 88.78% of the stock is owned by hedge funds and other institutional investors.

Shares of COF opened at $96.54 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.02. Capital One has a 12 month low of $76.05 and a 12 month high of $106.50. The firm has a market cap of $46.91 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 0.91 and a beta of 1.32.

Capital One (NYSE:COF) last issued its earnings results on Tuesday, April 24th. The financial services provider reported $2.65 EPS for the quarter, beating the consensus estimate of $2.34 by $0.31. Capital One had a return on equity of 9.23% and a net margin of 8.38%. The business had revenue of $6.90 million for the quarter, compared to the consensus estimate of $6.93 billion. During the same period last year, the business posted $1.75 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. equities research analysts expect that Capital One will post 10.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 24th. Shareholders of record on Monday, May 14th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 11th. This represents a $1.60 annualized dividend and a yield of 1.66%. Capital One’s dividend payout ratio is 20.54%.

In other Capital One news, insider Kevin S. Borgmann sold 12,214 shares of the stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $92.80, for a total transaction of $1,133,459.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kleber Santos sold 5,607 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $97.74, for a total value of $548,028.18. Following the sale, the insider now owns 15,894 shares in the company, valued at $1,553,479.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 293,770 shares of company stock worth $27,484,751. Company insiders own 1.40% of the company’s stock.

Several research analysts have recently issued reports on the company. Wells Fargo reissued an “outperform” rating and issued a $117.00 target price (up previously from $112.00) on shares of Capital One in a research report on Wednesday, January 24th. BMO Capital Markets reissued an “outperform” rating and issued a $140.00 target price on shares of Capital One in a research report on Wednesday, January 24th. Credit Suisse Group increased their target price on Capital One from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Royal Bank of Canada reissued a “buy” rating and issued a $110.00 target price on shares of Capital One in a research report on Wednesday, January 24th. Finally, Buckingham Research increased their target price on Capital One from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $108.52.

About Capital One

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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Institutional Ownership by Quarter for Capital One (NYSE:COF)

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