Greenleaf Trust acquired a new position in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,378 shares of the financial services provider’s stock, valued at approximately $362,000.
A number of other institutional investors also recently bought and sold shares of the company. 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 worth $555,613,000 after buying an additional 605,038 shares during the period. 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 worth $11,562,000 after buying an additional 46,227 shares during the period. Parametrica Management Ltd bought a new position in Capital One Financial Corporation during the first quarter worth approximately $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 worth $14,092,000 after buying an additional 93,333 shares during the period. 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 worth $37,516,000 after buying an additional 65,841 shares during the period. Hedge funds and other institutional investors own 87.56% of the company’s stock.
Shares of Capital One Financial Corporation (NYSE:COF) opened at 83.82 on Thursday. The company has a market capitalization of $40.57 billion, a price-to-earnings ratio of 12.22 and a beta of 1.20. The company has a 50-day moving average price of $83.80 and a 200-day moving average price of $84.47. Capital One Financial Corporation has a 12 month low of $67.99 and a 12 month high of $96.92.
Capital One Financial Corporation (NYSE:COF) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 EPS 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 business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period last year, the business posted $1.76 earnings per share. Capital One Financial Corporation’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Capital One Financial Corporation will post $7.54 EPS for the current year.
Capital One Financial Corporation declared that its board has initiated a stock buyback plan on Wednesday, June 28th that allows the company to buyback $1.85 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.60 annualized dividend and a yield of 1.91%. Capital One Financial Corporation’s dividend payout ratio (DPR) is presently 23.43%.
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COF has been the topic of several recent analyst reports. Wedbush lowered Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $94.00 to $80.00 in a research note on Wednesday, July 5th. Instinet reiterated a “buy” rating and issued a $101.00 price target (down previously from $105.00) on shares of Capital One Financial Corporation in a research note on Saturday, April 29th. Deutsche Bank AG upgraded Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Monday, May 1st. Wells Fargo & Company reissued a “market perform” rating and set a $85.00 price objective (down previously from $88.00) on shares of Capital One Financial Corporation in a report on Sunday, May 21st. Finally, CIBC cut their target price on Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating on the stock in a report on Wednesday, April 26th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $92.76.
In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total value of $31,972,801.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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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