Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,950,374 shares of the financial services provider’s stock after selling 48,664 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Capital One Financial were worth $293,798,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in COF. Cerebellum GP LLC bought a new position in shares of Capital One Financial during the 4th quarter worth about $127,000. SeaCrest Wealth Management LLC bought a new position in shares of Capital One Financial during the 4th quarter worth about $141,000. Camelot Portfolios LLC bought a new position in shares of Capital One Financial during the 3rd quarter worth about $201,000. Gould Asset Management LLC CA bought a new position in shares of Capital One Financial during the 3rd quarter worth about $203,000. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Capital One Financial by 48.4% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 2,451 shares of the financial services provider’s stock worth $207,000 after acquiring an additional 799 shares during the period. 89.16% of the stock is owned by institutional investors.
In other news, Director Bradford H. Warner sold 7,000 shares of Capital One Financial stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $94.94, for a total transaction of $664,580.00. Following the completion of the sale, the director now owns 57,085 shares in the company, valued at approximately $5,419,649.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard D. Fairbank sold 485,202 shares of Capital One Financial stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $105.09, for a total transaction of $50,989,878.18. The disclosure for this sale can be found here. Insiders sold a total of 954,948 shares of company stock valued at $97,433,019 in the last 90 days. Corporate insiders own 1.73% of the company’s stock.
Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.23). The company had revenue of $7 billion during the quarter, compared to analyst estimates of $7.12 billion. Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. equities research analysts forecast that Capital One Financial Corp. will post 9.72 earnings per share for the current fiscal year.
Capital One Financial announced that its Board of Directors has approved a stock repurchase program on Tuesday, December 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 12th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, February 9th. Capital One Financial’s payout ratio is presently 42.44%.
COF has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research report on Thursday, January 4th. Barclays increased their target price on shares of Capital One Financial from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Wells Fargo & Co reiterated an “outperform” rating and set a $112.00 target price (up previously from $102.00) on shares of Capital One Financial in a research report on Tuesday, January 9th. Compass Point upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $99.52 to $122.00 in a research report on Friday, December 22nd. Finally, Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $105.95.
About Capital One Financial
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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