Sky Investment Group LLC boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 9.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,380 shares of the financial services provider’s stock after buying an additional 290 shares during the period. Sky Investment Group LLC’s holdings in Capital One Financial Corporation were worth $279,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of COF. BlackRock Inc. increased its position in Capital One Financial Corporation by 3,066.1% in the first quarter. BlackRock Inc. now owns 31,294,690 shares of the financial services provider’s stock valued at $2,711,996,000 after buying an additional 30,306,250 shares in the last quarter. AQR Capital Management LLC increased its position in Capital One Financial Corporation by 71.8% in the first quarter. AQR Capital Management LLC now owns 3,255,551 shares of the financial services provider’s stock valued at $282,126,000 after buying an additional 1,360,057 shares in the last quarter. Prudential Financial Inc. increased its position in Capital One Financial Corporation by 106.6% in the first quarter. Prudential Financial Inc. now owns 2,321,767 shares of the financial services provider’s stock valued at $201,204,000 after buying an additional 1,197,860 shares in the last quarter. Vanguard Group Inc. increased its position in Capital One Financial Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 31,454,174 shares of the financial services provider’s stock valued at $2,725,818,000 after buying an additional 963,101 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Capital One Financial Corporation during the first quarter valued at approximately $63,369,000. 88.42% of the stock is owned by hedge funds and other institutional investors.
Shares of Capital One Financial Corporation (NYSE:COF) traded up 0.32% during midday trading on Wednesday, hitting $81.83. The stock had a trading volume of 93,706 shares. The company has a market cap of $39.47 billion, a P/E ratio of 12.42 and a beta of 1.19. Capital One Financial Corporation has a one year low of $65.00 and a one year high of $96.92. The stock has a 50 day moving average of $80.78 and a 200-day moving average of $84.92.
Capital One Financial Corporation (NYSE:COF) last issued its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by $0.18. The business had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.63 billion. Capital One Financial Corporation had a net margin of 12.96% and a return on equity of 7.83%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.84 EPS. Analysts forecast that Capital One Financial Corporation will post $7.50 EPS for the current fiscal year.
Capital One Financial Corporation declared that its Board of Directors has approved a share repurchase plan on Wednesday, June 28th that allows the company to repurchase $1.85 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
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Several research analysts recently commented on COF shares. Nomura reissued a “buy” rating and issued a $101.00 price objective on shares of Capital One Financial Corporation in a research note on Wednesday, April 26th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $85.00 target price (down from $88.00) on shares of Capital One Financial Corporation in a research note on Sunday, May 21st. Deutsche Bank AG raised Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Monday, May 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $106.00 target price on shares of Capital One Financial Corporation in a research note on Wednesday, April 5th. Finally, Rafferty Capital Markets downgraded Capital One Financial Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $92.90.
In related news, insider Michael Slocum sold 6,276 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $82.16, for a total value of $515,636.16. Following the completion of the transaction, the insider now owns 61,905 shares of the company’s stock, valued at $5,086,114.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.73% of the company’s stock.
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.
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