Jennison Associates LLC Sells 2,409 Shares of Capital One Financial Corporation (COF)

Jennison Associates LLC cut its position in Capital One Financial Corporation (NYSE:COF) by 0.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,034,832 shares of the financial services provider’s stock after selling 2,409 shares during the quarter. Jennison Associates LLC owned about 0.21% of Capital One Financial Corporation worth $87,609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Davis Selected Advisers lifted its position in shares of Capital One Financial Corporation by 112.8% during the 2nd quarter. Davis Selected Advisers now owns 8,061,905 shares of the financial services provider’s stock valued at $666,075,000 after acquiring an additional 4,274,053 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Capital One Financial Corporation by 107.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,989,104 shares of the financial services provider’s stock valued at $164,340,000 after acquiring an additional 1,031,829 shares during the period. Pzena Investment Management LLC lifted its position in shares of Capital One Financial Corporation by 28.1% during the 2nd quarter. Pzena Investment Management LLC now owns 4,041,646 shares of the financial services provider’s stock valued at $333,921,000 after acquiring an additional 885,934 shares during the period. Capital World Investors lifted its position in shares of Capital One Financial Corporation by 2.3% during the 2nd quarter. Capital World Investors now owns 38,396,005 shares of the financial services provider’s stock valued at $3,172,278,000 after acquiring an additional 849,047 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Capital One Financial Corporation by 153.3% during the 2nd quarter. Renaissance Technologies LLC now owns 989,099 shares of the financial services provider’s stock valued at $81,719,000 after acquiring an additional 598,600 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.



Capital One Financial Corporation (NYSE:COF) traded down $0.55 during midday trading on Monday, reaching $86.60. The company had a trading volume of 260,054 shares, compared to its average volume of 2,643,075. Capital One Financial Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $96.92. The firm has a market capitalization of $42,245.46, a PE ratio of 11.50, a P/E/G ratio of 1.30 and a beta of 1.30. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.17.

Capital One Financial Corporation (NYSE:COF) last released its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, topping the consensus estimate of $2.15 by $0.27. Capital One Financial Corporation had a return on equity of 8.25% and a net margin of 13.34%. The business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter last year, the firm posted $2.03 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. sell-side analysts predict that Capital One Financial Corporation will post 7.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Monday, November 13th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.60 annualized dividend and a yield of 1.85%. Capital One Financial Corporation’s dividend payout ratio is currently 22.63%.

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In other Capital One Financial Corporation news, insider Michael Slocum sold 8,292 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $91.99, for a total value of $762,781.08. Following the transaction, the insider now owns 53,613 shares in the company, valued at $4,931,859.87. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ann F. Hackett sold 11,055 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $91.18, for a total value of $1,007,994.90. Following the completion of the transaction, the director now owns 69,066 shares in the company, valued at approximately $6,297,437.88. The disclosure for this sale can be found here. Insiders have sold 43,514 shares of company stock valued at $4,011,299 in the last ninety days. 1.73% of the stock is currently owned by insiders.

COF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods set a $106.00 price objective on Capital One Financial Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Buckingham Research initiated coverage on Capital One Financial Corporation in a research report on Monday, October 2nd. They set a “buy” rating and a $99.00 price objective for the company. BMO Capital Markets restated a “buy” rating and set a $116.00 price objective on shares of Capital One Financial Corporation in a research report on Friday, October 6th. Zacks Investment Research upgraded Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Friday, October 27th. Finally, Morgan Stanley downgraded Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $97.00 to $83.00 in a research report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $95.00.

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.

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

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