Koshinski Asset Management Inc. reduced its holdings in Capital One Financial Co. (NYSE: COF) by 31.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 444 shares of the financial services provider after selling 200 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Capital One Financial were worth $58,000 at the end of the most recent period.
A number of other hedge funds also changed their stock holdings. Xponance Inc. increased its stake in Capital One Financial by 0.7% in the 1st quarter. Xponance Inc. now owns 38,331 shares of the financial services provider worth $5,032,000 after buying an additional 266 shares last quarter. Mountain Pacific Investment Advisers Inc. ID increased its position in Capital One Financial by 2.3% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 4,848 shares of the financial services provider worth $636,000 after purchasing 110 additional shares during the period. Ellevest Inc. increased its position in Capital One Financial by 25.1% in the first quarter. Ellevest Inc. now owns 2,618 shares of the financial services provider worth $344,000 after purchasing an additional 526 shares during the period. Fifth Third Bancorp increased its position in Capital One Financial by 13.7% in the first quarter. Fifth Third Bancorp now owns 32,785 shares of the financial services provider worth $4,304,000 after purchasing an additional 3,938 shares during the period. Finally, Graypoint LLC increased its position in Capital One Financial by 1.4% in the first quarter. Graypoint LLC now owns 16,766 shares of the financial services provider worth $2,201,000 after purchasing an additional 228 shares during the period. 89.31% of the shares are held by institutional investors and hedge funds.
NYSE COF opened at $106.04 on Thursday. Capital One Financial Co. has a 1-year low of $98.54 and a 1-year high of $177.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt ratio of 0.79. The company has a market capitalization of $41.68 billion, a PE ratio of 4.17, a price-to-earnings growth ratio of 0.31 and a beta of 1.48. The company’s fifty-day simple moving average is $116.75 and its 200-day simple moving average is $134.09.
Capital One Financial (NYSE: COF – Get a rating) last released its quarterly results on Tuesday, April 26. The financial services provider reported earnings per share of $5.62 for the quarter, beating analysts’ consensus estimate of $5.39 by $0.23. Capital One Financial had a net margin of 34.71% and a return on equity of 18.66%. The company posted revenue of $8.17 billion for the quarter, versus a consensus estimate of $8.02 billion. In the same period a year earlier, the company posted earnings per share of $7.03. Capital One Financial’s revenue for the quarter increased 14.9% compared to the same quarter last year. As a group, analysts predict Capital One Financial Co. will post EPS of 20.14 for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Monday, May 16 received a dividend of $0.60 per share. This represents an annualized dividend of $2.40 and a yield of 2.26%. The ex-dividend date was Friday, May 13. Capital One Financial’s payout ratio is 9.44%.
A number of research companies have weighed in on COF. BMO Capital Markets cut its price target on Capital One Financial from $200.00 to $188.00 and set a “buy” rating for the company in a Wednesday, April 27 research report. TheStreet downgraded Capital One Financial from a ‘b’ rating to a ‘c+’ rating in a Wednesday, June 29 research report. Oppenheimer reduced his price target on Capital One Financial from $163.00 to $157.00 in a Wednesday, April 27 research report. Wells Fargo & Company cut its price target on Capital One Financial from $180.00 to $165.00 and set an “overweight” rating for the company in a Wednesday, April 6 research report. To finish, StockNews.com launched coverage on Capital One Financial in a research report on Thursday, March 31. They set a “holding” rating for the company. One research analyst rated the stock with a sell rating, eight gave a hold rating and fourteen issued a buy rating for the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “moderate buy” and a consensus target price of $168.35.
In other Capital One Financial news, an insider Sheldon Hall sold 14,504 shares in a trade on Thursday, May 26. The shares were sold at an average price of $125.00, for a total transaction of $1,813,000.00. Following the transaction, the insider now directly owns 68,337 shares of the company, valued at $8,542,125. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at this link. Company insiders hold 1.27% of the company’s shares.
About Capital One Financial (Get a rating)
Capital One Financial Corporation operates as the financial services holding company for Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada and the United Kingdom. It operates through three segments: Credit Cards, Consumer Banking and Business Banking.
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