Schwab Charles Investment Management Inc. Has $232.50 Million Holdings in Capital One (NYSE:COF)

Schwab Charles Investment Management Inc. raised its holdings in shares of Capital One (NYSE:COF) by 6.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,426,464 shares of the financial services provider’s stock after purchasing an additional 149,719 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.50% of Capital One worth $232,504,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in shares of Capital One by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 4,936,404 shares of the financial services provider’s stock valued at $490,494,000 after buying an additional 100,004 shares in the last quarter. Pzena Investment Management LLC lifted its stake in Capital One by 4.7% during the 1st quarter. Pzena Investment Management LLC now owns 4,877,701 shares of the financial services provider’s stock valued at $467,381,000 after acquiring an additional 217,177 shares during the period. LSV Asset Management lifted its stake in Capital One by 13.2% during the 4th quarter. LSV Asset Management now owns 4,774,254 shares of the financial services provider’s stock valued at $475,420,000 after acquiring an additional 557,665 shares during the period. TIAA CREF Investment Management LLC lifted its stake in Capital One by 118.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 4,156,429 shares of the financial services provider’s stock valued at $413,897,000 after acquiring an additional 2,255,496 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Capital One by 18.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,967,323 shares of the financial services provider’s stock valued at $395,066,000 after purchasing an additional 624,534 shares in the last quarter. Institutional investors and hedge funds own 89.71% of the company’s stock.

In related news, insider Kleber Santos sold 5,607 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $97.74, for a total transaction of $548,028.18. Following the transaction, the insider now directly owns 15,894 shares of the company’s stock, valued at approximately $1,553,479.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Scott Blackley sold 2,194 shares of Capital One stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $98.19, for a total value of $215,428.86. Following the sale, the chief financial officer now owns 38,537 shares in the company, valued at $3,783,948.03. The disclosure for this sale can be found here. Insiders sold a total of 293,770 shares of company stock worth $27,484,751 over the last ninety days. Corporate insiders own 1.73% of the company’s stock.



Several research firms have recently weighed in on COF. Credit Suisse Group lifted their target price on shares of Capital One from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $110.00 target price on shares of Capital One in a research note on Wednesday, January 24th. BMO Capital Markets lowered their price target on shares of Capital One from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 25th. They noted that the move was a valuation call. Wells Fargo lowered their price target on shares of Capital One from $117.00 to $109.00 and set an “outperform” rating on the stock in a research report on Thursday, March 29th. Finally, Sandler O’Neill set a $113.00 target price on shares of Capital One and gave the company a “buy” rating in a research report on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $108.52.

Capital One traded down $0.20, reaching $96.54, during midday trading on Friday, MarketBeat reports. 60,976 shares of the company were exchanged, compared to its average volume of 2,522,367. The stock has a market cap of $46.58 billion, a PE ratio of 12.42, a P/E/G ratio of 0.90 and a beta of 1.32. Capital One has a 1 year low of $94.55 and a 1 year high of $96.54. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.02.

Capital One (NYSE:COF) last issued its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.31. Capital One had a return on equity of 9.23% and a net margin of 8.38%. The firm had revenue of $6.90 million for the quarter, compared to analyst estimates of $6.93 billion. During the same period last year, the company earned $1.75 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. equities analysts predict that Capital One will post 10.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 24th. Stockholders of record on Monday, May 14th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, May 11th. Capital One’s dividend payout ratio is currently 20.54%.

Capital One Company Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

Institutional Ownership by Quarter for Capital One (NYSE:COF)

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