Culbertson A N & Co. Inc. continued to hold its position in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,220 shares of the financial services provider’s stock at the end of the second quarter. Culbertson A N & Co. Inc.’s holdings in Capital One Financial Corporation were worth $266,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its position 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. Guardian Life Insurance Co. of America boosted its stake in shares of 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 during the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Capital One Financial Corporation by 16.6% in the first quarter. SRS Capital Advisors Inc. now owns 2,289 shares of the financial services provider’s stock valued at $198,000 after buying an additional 326 shares during the last quarter. Private Trust Co. NA acquired a new stake in shares of Capital One Financial Corporation during the second quarter valued at approximately $205,000. Finally, Lowe Brockenbrough & Co. Inc. acquired a new stake in shares of Capital One Financial Corporation during the first quarter valued at approximately $207,000. 88.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Capital One Financial Corporation (NYSE:COF) traded up 8.55% during trading on Friday, reaching $87.94. 9,686,959 shares of the company were exchanged. The stock’s 50-day moving average is $80.99 and its 200-day moving average is $84.87. Capital One Financial Corporation has a 52-week low of $65.00 and a 52-week high of $96.92. The firm has a market cap of $42.41 billion, a price-to-earnings ratio of 13.34 and a beta of 1.19. Capital One Financial Corporation also was the recipient of some unusual options trading activity on Thursday. Traders acquired 10,282 put options on the stock. This is an increase of 442% compared to the average daily volume of 1,898 put options.
Capital One Financial Corporation (NYSE:COF) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.97%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. Equities research 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 approved a stock repurchase program on Wednesday, June 28th that allows the company to buyback $1.85 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 4.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
COF has been the subject of several recent research reports. Nomura reiterated a “buy” rating and set a $101.00 target price on shares of Capital One Financial Corporation in a research report on Wednesday, April 26th. Wells Fargo & Company reiterated a “market perform” rating and set a $85.00 target price (down previously from $88.00) on shares of Capital One Financial Corporation in a research report on Sunday, May 21st. Deutsche Bank AG upgraded shares of 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 report on Monday, May 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $106.00 target price on shares of Capital One Financial Corporation in a research report on Wednesday, April 5th. Finally, Rafferty Capital Markets cut shares of Capital One Financial Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has issued 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 other news, insider Michael Slocum sold 6,276 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $82.16, for a total transaction of $515,636.16. Following the completion of the sale, the insider now directly owns 61,905 shares of the company’s stock, valued at $5,086,114.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.73% of the company’s stock.
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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