Capstone Asset Management Co. reduced its stake in shares of Capital One Financial Corporation (NYSE:COF) by 3.1% during the second quarter, Holdings Channel reports. The institutional investor owned 45,158 shares of the financial services provider’s stock after selling 1,458 shares during the period. Capstone Asset Management Co.’s holdings in Capital One Financial Corporation were worth $3,731,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised its stake in Capital One Financial Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock valued at $161,000 after buying an additional 11 shares in the last quarter. Trust Co. of Virginia VA raised its stake in Capital One Financial Corporation by 0.8% in the first quarter. Trust Co. of Virginia VA now owns 4,578 shares of the financial services provider’s stock valued at $397,000 after buying an additional 35 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Capital One Financial Corporation by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,472 shares of the financial services provider’s stock valued at $121,000 after buying an additional 36 shares in the last quarter. Hugh Johnson Advisors LLC raised its stake in Capital One Financial Corporation by 0.3% in the first quarter. Hugh Johnson Advisors LLC now owns 21,317 shares of the financial services provider’s stock valued at $1,847,000 after buying an additional 54 shares in the last quarter. Finally, Teza Capital Management LLC raised its stake in Capital One Financial Corporation by 3.5% in the first quarter. Teza Capital Management LLC now owns 2,948 shares of the financial services provider’s stock valued at $255,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 88.42% of the company’s stock.
Capital One Financial Corporation (NYSE:COF) opened at 81.57 on Wednesday. Capital One Financial Corporation has a 52 week low of $65.00 and a 52 week high of $96.92. The stock has a 50 day moving average price of $80.78 and a 200-day moving average price of $84.92. The company has a market capitalization of $39.34 billion, a PE ratio of 12.38 and a beta of 1.19.
Capital One Financial Corporation (NYSE:COF) last announced its earnings results on Tuesday, April 25th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by $0.18. Capital One Financial Corporation had a return on equity of 7.83% and a net margin of 12.96%. The company had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.63 billion. During the same quarter last year, the firm posted $1.84 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, equities analysts predict that Capital One Financial Corporation will post $7.50 earnings per share for the current fiscal year.
Capital One Financial Corporation announced that its board has authorized a stock repurchase program on Wednesday, June 28th that allows the company to repurchase $1.85 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
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Several analysts have issued reports on the company. BMO Capital Markets restated a “buy” rating and issued a $103.00 price objective on shares of Capital One Financial Corporation in a research note on Tuesday, June 20th. Oppenheimer Holdings, Inc. set a $82.00 price objective on Capital One Financial Corporation and gave the company a “sell” rating in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $106.00 price objective on shares of Capital One Financial Corporation in a research note on Friday, June 16th. Zacks Investment Research downgraded Capital One Financial Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Instinet raised Capital One Financial Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $97.00 to $105.00 in a research report on Wednesday, March 29th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $92.90.
In related news, insider Michael Slocum sold 6,276 shares of the company’s stock in a transaction on Friday, May 5th. The shares were 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 directly owns 61,905 shares in the company, valued at $5,086,114.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.73% of the stock is currently owned by insiders.
Capital One Financial Corporation Company 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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