BlueMountain Capital Management LLC Boosts Stake in Capital One Financial Corporation (COF)

BlueMountain Capital Management LLC increased its holdings in Capital One Financial Corporation (NYSE:COF) by 141.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 25,098 shares of the financial services provider’s stock after buying an additional 14,720 shares during the period. BlueMountain Capital Management LLC’s holdings in Capital One Financial Corporation were worth $2,074,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Amalgamated Bank boosted its holdings in shares of Capital One Financial Corporation by 60.9% in the 2nd quarter. Amalgamated Bank now owns 54,426 shares of the financial services provider’s stock valued at $4,497,000 after buying an additional 20,608 shares during the period. Nationwide Fund Advisors boosted its holdings in shares of Capital One Financial Corporation by 13.2% in the 2nd quarter. Nationwide Fund Advisors now owns 195,799 shares of the financial services provider’s stock valued at $16,177,000 after buying an additional 22,865 shares during the period. Comerica Securities Inc. boosted its holdings in shares of Capital One Financial Corporation by 2.2% in the 2nd quarter. Comerica Securities Inc. now owns 29,622 shares of the financial services provider’s stock valued at $2,447,000 after buying an additional 627 shares during the period. Norinchukin Bank The boosted its holdings in shares of Capital One Financial Corporation by 10.8% in the 2nd quarter. Norinchukin Bank The now owns 39,527 shares of the financial services provider’s stock valued at $3,266,000 after buying an additional 3,843 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of Capital One Financial Corporation by 8.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,784,740 shares of the financial services provider’s stock valued at $147,455,000 after buying an additional 141,414 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/09/18/bluemountain-capital-management-llc-boosts-stake-in-capital-one-financial-corporation-cof.html.

Shares of Capital One Financial Corporation (COF) opened at 80.04 on Monday. The company has a market capitalization of $38.74 billion, a P/E ratio of 11.67 and a beta of 1.22. Capital One Financial Corporation has a 12-month low of $69.49 and a 12-month high of $96.92. The company has a 50 day moving average of $81.97 and a 200-day moving average of $83.06.

Capital One Financial Corporation (NYSE:COF) last issued its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.06. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.68 billion. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 EPS. On average, equities analysts anticipate that Capital One Financial Corporation will post $7.53 EPS for the current fiscal year.

Capital One Financial Corporation announced that its Board of Directors has authorized a share repurchase plan on Wednesday, June 28th that permits the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

In other news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total value of $31,972,801.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.73% of the stock is currently owned by company insiders.

COF has been the subject of several research reports. Instinet reaffirmed a “buy” rating and issued a $96.00 price target (down from $101.00) on shares of Capital One Financial Corporation in a report on Wednesday, July 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $103.00 price target on shares of Capital One Financial Corporation in a report on Tuesday, June 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $106.00 price target on shares of Capital One Financial Corporation in a report on Friday, June 16th. Morgan Stanley lowered shares of Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $97.00 to $83.00 in a report on Friday, September 8th. Finally, BidaskClub raised shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $92.19.

About Capital One Financial Corporation

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.

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF).

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

Receive News & Ratings for Capital One Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply