Whitener Capital Management Inc. reduced its position in shares of Capital One Financial Corp. (NYSE:COF) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,489 shares of the financial services provider’s stock after selling 275 shares during the period. Whitener Capital Management Inc.’s holdings in Capital One Financial were worth $407,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Capital One Financial by 7.3% during the 1st quarter. FMR LLC now owns 18,589,892 shares of the financial services provider’s stock worth $1,518,608,000 after buying an additional 1,259,001 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Capital One Financial by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 6,275,759 shares of the financial services provider’s stock worth $473,568,000 after buying an additional 370,154 shares during the period. Sound Shore Management Inc. CT boosted its holdings in shares of Capital One Financial by 10.3% during the 1st quarter. Sound Shore Management Inc. CT now owns 2,311,111 shares of the financial services provider’s stock worth $188,795,000 after buying an additional 215,450 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of Capital One Financial by 3.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,999,416 shares of the financial services provider’s stock worth $163,332,000 after buying an additional 62,063 shares during the period. Finally, Thornburg Investment Management Inc. boosted its holdings in shares of Capital One Financial by 11.1% during the 1st quarter. Thornburg Investment Management Inc. now owns 1,919,406 shares of the financial services provider’s stock worth $156,796,000 after buying an additional 191,205 shares during the period. 88.28% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the stock. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $95.00 to $115.00 in a report on Tuesday, May 14th. BMO Capital Markets set a $141.00 price objective on shares of Capital One Financial and gave the stock a “buy” rating in a report on Friday, July 19th. Morgan Stanley set a $99.00 price objective on shares of Capital One Financial and gave the stock a “hold” rating in a report on Friday, August 9th. Deutsche Bank reaffirmed a “hold” rating and set a $98.00 price objective on shares of Capital One Financial in a report on Monday, July 8th. Finally, Piper Jaffray Companies set a $111.00 price target on shares of Capital One Financial and gave the company a “buy” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. Capital One Financial presently has a consensus rating of “Hold” and an average target price of $105.11.
Shares of NYSE:COF traded up $1.83 during midday trading on Friday, reaching $85.50. 1,797,000 shares of the company’s stock were exchanged, compared to its average volume of 3,468,625. The company’s 50 day simple moving average is $90.79 and its two-hundred day simple moving average is $87.44. The firm has a market capitalization of $39.25 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 0.91 and a beta of 1.24. Capital One Financial Corp. has a 12 month low of $69.90 and a 12 month high of $101.26. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.00 and a current ratio of 1.00.
Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.53. The company had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $7.01 billion. Capital One Financial had a net margin of 17.50% and a return on equity of 10.68%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm earned $3.71 EPS. On average, research analysts anticipate that Capital One Financial Corp. will post 11.49 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, August 2nd. Capital One Financial’s payout ratio is 14.71%.
In related news, insider Michael J. Wassmer sold 8,212 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $95.03, for a total transaction of $780,386.36. Following the completion of the sale, the insider now owns 84,679 shares in the company, valued at approximately $8,047,045.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jory A. Berson sold 13,393 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $1,205,370.00. The disclosure for this sale can be found here. Insiders have sold a total of 55,149 shares of company stock valued at $5,053,283 over the last ninety days. 1.43% of the stock is owned by insiders.
Capital One Financial 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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