Norris Perne & French LLP MI Has $6.43 Million Holdings in Capital One Financial Corp. (COF)

Norris Perne & French LLP MI lowered its stake in Capital One Financial Corp. (NYSE:COF) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,611 shares of the financial services provider’s stock after selling 1,139 shares during the period. Norris Perne & French LLP MI’s holdings in Capital One Financial were worth $6,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Capital World Investors raised its position in Capital One Financial by 2.3% in 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 purchasing an additional 849,047 shares in the last quarter. Davis Selected Advisers raised its position in shares of Capital One Financial by 43.7% during the 3rd quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock worth $980,149,000 after acquiring an additional 3,519,332 shares in the last quarter. Harris Associates L P raised its position in shares of Capital One Financial by 7.9% during the 2nd quarter. Harris Associates L P now owns 8,063,205 shares of the financial services provider’s stock worth $666,182,000 after acquiring an additional 588,664 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Capital One Financial by 5.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,317,935 shares of the financial services provider’s stock worth $534,876,000 after acquiring an additional 338,678 shares in the last quarter. Finally, Pzena Investment Management LLC raised its position in shares of Capital One Financial by 13.5% during the 3rd quarter. Pzena Investment Management LLC now owns 4,588,908 shares of the financial services provider’s stock worth $388,497,000 after acquiring an additional 547,262 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.

Capital One Financial Corp. (NYSE:COF) traded up $1.11 on Tuesday, reaching $105.49. The company’s stock had a trading volume of 2,407,000 shares, compared to its average volume of 2,296,829. The firm has a market capitalization of $51,240.00, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.04 and a beta of 1.28. Capital One Financial Corp. has a 52 week low of $76.05 and a 52 week high of $106.47. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.06 and a current ratio of 1.07.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share for the quarter, beating the 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 company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the business posted $2.03 EPS. The company’s revenue was up 8.1% on a year-over-year basis. sell-side analysts predict that Capital One Financial Corp. will post 7.98 earnings per share for the current fiscal year.

Capital One Financial declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

In other Capital One Financial news, Director Ann F. Hackett sold 11,055 shares of Capital One Financial 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 transaction, the director now directly owns 69,066 shares in the company, valued at approximately $6,297,437.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradford H. Warner sold 3,000 shares of Capital One Financial stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $99.46, for a total value of $298,380.00. Following the completion of the transaction, the director now owns 53,085 shares in the company, valued at $5,279,834.10. The disclosure for this sale can be found here. Insiders sold a total of 445,368 shares of company stock worth $43,323,743 over the last quarter. Company insiders own 1.73% of the company’s stock.

COF has been the topic of several research analyst reports. BMO Capital Markets reissued a “buy” rating and set a $116.00 target price on shares of Capital One Financial in a research report on Friday, October 6th. Buckingham Research initiated coverage on Capital One Financial in a research report on Monday, October 2nd. They set a “buy” rating and a $99.00 target price on the stock. Zacks Investment Research raised Capital One Financial from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Friday, October 27th. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Monday, December 18th. Finally, Compass Point raised Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the stock from $99.52 to $122.00 in a research report on Friday, December 22nd. 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 stock. The stock has a consensus rating of “Hold” and a consensus target price of $102.14.

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About Capital One Financial

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

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