Hexavest Inc. grew its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 558,038 shares of the financial services provider’s stock after purchasing an additional 12,442 shares during the period. Hexavest Inc. owned approximately 0.12% of Capital One Financial worth $55,569,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Acropolis Investment Management LLC increased its holdings in shares of Capital One Financial by 69.1% during the fourth quarter. Acropolis Investment Management LLC now owns 15,118 shares of the financial services provider’s stock valued at $1,505,000 after purchasing an additional 6,176 shares during the period. Harvest Capital Management Inc acquired a new position in shares of Capital One Financial during the fourth quarter valued at $224,000. DnB Asset Management AS increased its holdings in shares of Capital One Financial by 1.4% during the fourth quarter. DnB Asset Management AS now owns 52,038 shares of the financial services provider’s stock valued at $5,182,000 after purchasing an additional 700 shares during the period. Abner Herrman & Brock LLC acquired a new position in shares of Capital One Financial during the fourth quarter valued at $219,000. Finally, Prudential Financial Inc. increased its holdings in shares of Capital One Financial by 21.3% during the third quarter. Prudential Financial Inc. now owns 2,775,787 shares of the financial services provider’s stock valued at $234,999,000 after purchasing an additional 487,880 shares during the period. 88.33% of the stock is currently owned by institutional investors.
Capital One Financial Corp. (COF) traded up $1.28 during trading hours on Friday, hitting $104.42. The company had a trading volume of 2,177,700 shares, compared to its average volume of 2,115,050. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06. Capital One Financial Corp. has a fifty-two week low of $76.05 and a fifty-two week high of $104.46. The firm has a market cap of $51,020.00, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 1.38 and a beta of 1.28.
Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.27. Capital One Financial 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 analyst estimates of $6.81 billion. During the same quarter last year, the company posted $2.03 EPS. Capital One Financial’s revenue for the quarter was up 8.1% on a year-over-year basis. analysts anticipate that Capital One Financial Corp. will post 7.96 EPS for the current year.
Capital One Financial declared that its board has authorized a share buyback plan on Tuesday, December 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
In related news, insider Yajnik Sanjiv sold 156,278 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $100.00, for a total value of $15,627,800.00. Following the completion of the transaction, the insider now owns 199,216 shares in the company, valued at approximately $19,921,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann F. Hackett sold 6,361 shares of the stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $102.00, for a total value of $648,822.00. Following the completion of the transaction, the director now owns 64,372 shares of the company’s stock, valued at approximately $6,565,944. The disclosure for this sale can be found here. Insiders sold a total of 435,282 shares of company stock valued at $42,264,713 in the last quarter. 1.73% of the stock is currently owned by corporate insiders.
A number of brokerages have recently commented on COF. BMO Capital Markets raised their price target on Capital One Financial from $116.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Credit Suisse Group reaffirmed a “hold” rating and set a $92.00 target price on shares of Capital One Financial in a report on Tuesday, December 19th. Piper Jaffray Companies reaffirmed a “sell” rating and set a $81.00 target price on shares of Capital One Financial in a report on Friday, October 27th. Wells Fargo & Co initiated coverage on Capital One Financial in a report on Tuesday, October 10th. They set an “outperform” rating and a $96.00 target price on the stock. Finally, Bank of America lifted their target price on Capital One Financial from $89.00 to $91.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $102.14.
Capital One Financial 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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