Cobiz Wealth LLC lowered its stake in shares of Capital One Financial Corporation (NYSE:COF) by 5.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,437 shares of the financial services provider’s stock after selling 127 shares during the period. Cobiz Wealth LLC’s holdings in Capital One Financial Corporation were worth $201,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in Capital One Financial Corporation during the fourth quarter valued at approximately $1,640,000. Wealthfront Inc. bought a new stake in Capital One Financial Corporation during the fourth quarter valued at approximately $1,000,000. Kentucky Retirement Systems bought a new stake in Capital One Financial Corporation during the fourth quarter valued at approximately $3,053,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Capital One Financial Corporation during the fourth quarter valued at approximately $1,362,000. Finally, Wsfs Capital Management LLC bought a new stake in Capital One Financial Corporation during the fourth quarter valued at approximately $235,000. 88.30% of the stock is owned by institutional investors and hedge funds.
Capital One Financial Corporation (COF) traded up 0.20% during trading on Friday, hitting $84.97. 3,164,154 shares of the company were exchanged. Capital One Financial Corporation has a 1-year low of $66.00 and a 1-year high of $96.92. The firm’s 50 day moving average price is $82.32 and its 200-day moving average price is $84.79. The stock has a market capitalization of $41.13 billion, a PE ratio of 12.39 and a beta of 1.19.
Capital One Financial Corporation (NYSE:COF) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ 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 7.92%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the prior year, the company earned $1.76 EPS. Capital One Financial Corporation’s quarterly revenue was up 7.2% on a year-over-year basis. Equities analysts predict that Capital One Financial Corporation will post $7.53 EPS for the current year.
Capital One Financial Corporation announced that its board has approved a stock buyback program on Wednesday, June 28th that authorizes the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th will be issued a $0.40 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 annualized dividend and a yield of 1.88%. Capital One Financial Corporation’s dividend payout ratio (DPR) is presently 23.43%.
COF has been the subject of several research reports. Oppenheimer Holdings, Inc. decreased their price target on shares of Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating for the company in a research note on Wednesday, April 26th. Wedbush lowered shares of Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $94.00 to $80.00 in a research note on Wednesday, July 5th. Credit Suisse Group reiterated a “hold” rating and issued a $99.00 price target on shares of Capital One Financial Corporation in a research note on Friday, April 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $106.00 price target on shares of Capital One Financial Corporation in a research note on Friday, June 16th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $103.00 price target on shares of Capital One Financial Corporation in a research note on Tuesday, June 20th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $92.90.
In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total value of $31,972,801.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Slocum sold 6,276 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 61,905 shares in the company, valued at approximately $5,086,114.80. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by corporate 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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