Wealth Enhancement Advisory Services LLC bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, Holdings Channel reports. The firm bought 21,206 shares of the financial services provider’s stock, valued at approximately $1,737,000.
A number of other institutional investors have also recently bought and sold shares of COF. Bank of New York Mellon Corp raised its position in Capital One Financial Corporation by 10.4% in the first quarter. Bank of New York Mellon Corp now owns 6,411,412 shares of the financial services provider’s stock valued at $555,613,000 after buying an additional 605,038 shares during the last quarter. Toronto Dominion Bank raised its position in Capital One Financial Corporation by 53.0% in the first quarter. Toronto Dominion Bank now owns 133,437 shares of the financial services provider’s stock valued at $11,562,000 after buying an additional 46,227 shares during the last quarter. Parametrica Management Ltd purchased a new position in Capital One Financial Corporation during the first quarter valued at $305,000. Candriam Luxembourg S.C.A. raised its position in Capital One Financial Corporation by 134.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 162,604 shares of the financial services provider’s stock valued at $14,092,000 after buying an additional 93,333 shares during the last quarter. Finally, Bank of Montreal Can raised its position in Capital One Financial Corporation by 17.9% in the first quarter. Bank of Montreal Can now owns 432,909 shares of the financial services provider’s stock valued at $37,516,000 after buying an additional 65,841 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.
Shares of Capital One Financial Corporation (NYSE COF) opened at 84.97 on Monday. The firm’s 50-day moving average is $82.32 and its 200-day moving average is $84.79. Capital One Financial Corporation has a 12-month low of $66.00 and a 12-month high of $96.92. The firm has a market capitalization of $41.13 billion, a price-to-earnings ratio of 12.39 and a beta of 1.19.
Capital One Financial Corporation (NYSE:COF) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.68 billion. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. Capital One Financial Corporation’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.76 earnings per share. Equities research analysts forecast that Capital One Financial Corporation will post $7.53 EPS for the current fiscal year.
Capital One Financial Corporation declared that its board has approved a share repurchase program on Wednesday, June 28th that permits the company to buyback $1.85 billion in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 4.6% of its shares through open market purchases. Shares buyback programs are usually 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. Shareholders of record on Monday, August 7th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.88%. Capital One Financial Corporation’s dividend payout ratio (DPR) is 23.43%.
COF has been the topic of several recent analyst reports. Wedbush lowered shares of Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $94.00 to $80.00 in a report on Wednesday, July 5th. Instinet reiterated a “buy” rating and issued a $101.00 target price (down from $105.00) on shares of Capital One Financial Corporation in a report on Saturday, April 29th. 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 on the stock in a report on Monday, May 1st. Credit Suisse Group reiterated a “hold” rating and issued a $99.00 target price on shares of Capital One Financial Corporation in a report on Friday, April 7th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $85.00 target price (down from $88.00) on shares of Capital One Financial Corporation in a report on Sunday, May 21st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Capital One Financial Corporation has a consensus rating of “Hold” and an average price target of $92.90.
In other Capital One Financial Corporation news, insider Michael Slocum sold 6,276 shares of Capital One Financial Corporation stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $82.16, for a total transaction of $515,636.16. Following the transaction, the insider now directly owns 61,905 shares of the company’s stock, valued at $5,086,114.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Richard D. Fairbank sold 367,419 shares of Capital One Financial Corporation stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total transaction of $31,972,801.38. The disclosure for this sale can be found here. 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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