Capital One Financial Corp. (COF) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its stake in Capital One Financial Corp. (NYSE:COF) by 18.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,967,323 shares of the financial services provider’s stock after buying an additional 624,534 shares during the quarter. Capital One Financial makes up approximately 1.0% of Arrowstreet Capital Limited Partnership’s portfolio, making the stock its 21st biggest holding. Arrowstreet Capital Limited Partnership’s holdings in Capital One Financial were worth $395,066,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Davis Selected Advisers increased its stake 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 purchasing an additional 3,519,332 shares in the last quarter. APG Asset Management N.V. increased its stake in shares of Capital One Financial by 1,256.0% during the 4th quarter. APG Asset Management N.V. now owns 1,851,401 shares of the financial services provider’s stock worth $153,533,000 after purchasing an additional 1,714,867 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Capital One Financial by 49,032.3% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,479,866 shares of the financial services provider’s stock worth $147,365,000 after purchasing an additional 1,476,854 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Capital One Financial by 229.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,647,291 shares of the financial services provider’s stock worth $139,460,000 after purchasing an additional 1,147,191 shares in the last quarter. Finally, Cornerstone Investment Partners LLC increased its stake in shares of Capital One Financial by 87.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 2,045,312 shares of the financial services provider’s stock worth $203,672,000 after purchasing an additional 956,815 shares in the last quarter. 89.16% of the stock is owned by institutional investors.

Capital One Financial Corp. (NYSE:COF) opened at $99.53 on Monday. The firm has a market cap of $48,321.81, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 0.91 and a beta of 1.33. Capital One Financial Corp. has a 1-year low of $76.05 and a 1-year high of $106.50. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.23). The company 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%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.45 EPS. equities research analysts expect that Capital One Financial Corp. will post 9.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 12th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.61%. Capital One Financial’s dividend payout ratio (DPR) is presently 46.38%.

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

COF has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research note on Thursday, January 4th. Barclays lifted their target price on shares of Capital One Financial from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $112.00 target price (up from $102.00) on shares of Capital One Financial in a research note on Tuesday, January 9th. Compass Point raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $99.52 to $122.00 in a research note on Friday, December 22nd. Finally, Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Monday, December 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $105.95.

In other Capital One Financial news, CEO Richard D. Fairbank sold 485,202 shares of Capital One Financial stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $105.09, for a total value of $50,989,878.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert M. Alexander sold 5,000 shares of Capital One Financial stock in a transaction on Friday, December 1st. The shares were sold at an average price of $92.18, for a total transaction of $460,900.00. Following the completion of the transaction, the insider now owns 89,603 shares in the company, valued at approximately $8,259,604.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 954,948 shares of company stock worth $97,433,019. 1.73% of the stock is owned by company insiders.

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

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