Victory Capital Management Inc. lifted its stake in shares of Capital One Financial Corp. (NYSE:COF) by 8.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 31,042 shares of the financial services provider’s stock after buying an additional 2,320 shares during the quarter. Victory Capital Management Inc.’s holdings in Capital One Financial were worth $3,091,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of COF. Cerebellum GP LLC acquired a new stake in shares of Capital One Financial during the 4th quarter worth about $127,000. Camelot Portfolios LLC acquired a new stake in Capital One Financial in the 3rd quarter worth about $201,000. Gould Asset Management LLC CA acquired a new stake in Capital One Financial in the 3rd quarter worth about $203,000. Bronfman E.L. Rothschild L.P. raised its stake in Capital One Financial by 48.4% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 2,451 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 799 shares in the last quarter. Finally, Verity Asset Management Inc. acquired a new stake in Capital One Financial in the 3rd quarter worth about $208,000. Institutional investors own 88.66% of the company’s stock.
Several analysts have weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Capital One Financial from $116.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Credit Suisse Group reiterated a “hold” rating and issued a $92.00 price objective on shares of Capital One Financial in a research note on Tuesday, December 19th. Royal Bank of Canada reiterated a “buy” rating and issued a $110.00 price objective on shares of Capital One Financial in a research note on Wednesday, January 24th. Piper Jaffray Companies reiterated a “sell” rating and issued a $81.00 price objective on shares of Capital One Financial in a research note on Friday, October 27th. Finally, Bank of America lifted their price objective on shares of Capital One Financial from $89.00 to $91.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. Capital One Financial currently has an average rating of “Hold” and an average price target of $105.95.
Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.23). The firm had revenue of $7 billion during the quarter, compared to analyst estimates of $7.12 billion. Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. Capital One Financial’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 earnings per share. sell-side analysts predict that Capital One Financial Corp. will post 9.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 12th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 9th. Capital One Financial’s payout ratio is presently 46.38%.
Capital One Financial announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In related news, Director Ann F. Hackett sold 6,361 shares of Capital One Financial stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $102.00, for a total transaction of $648,822.00. Following the sale, the director now directly owns 64,372 shares of the company’s stock, valued at approximately $6,565,944. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann F. Hackett sold 7,000 shares of Capital One Financial stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $98.00, for a total transaction of $686,000.00. Following the sale, the director now directly owns 65,011 shares in the company, valued at $6,371,078. The disclosure for this sale can be found here. Insiders have sold a total of 954,948 shares of company stock worth $97,433,019 over the last ninety days. 1.73% of the stock is currently owned by insiders.
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Capital One Financial Company Profile
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.
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