Keybank National Association OH reduced its holdings in Capital One Financial Co. (NYSE: COF) by 22.5% in the 1st quarter, Holdings Channel.com reports. The fund held 1,873 shares of the financial services provider after selling 543 shares during the quarter. Keybank National Association OH’s holdings in Capital One Financial were worth $246,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Capital One Financial during Q4 for a value of approximately $528,618,000. Robeco Institutional Asset Management BV increased its holding in shares of Capital One Financial by 79.5% in the 1st quarter. Robeco Institutional Asset Management BV now owns 2,515,833 shares of the financial services provider valued at US$330,303,000 after purchasing an additional 1,114,456 shares during the period. Marshall Wace LLP increased its holdings of Capital One Financial shares by 707.1% in Q4. Marshall Wace LLP now owns 1,109,779 shares of the financial services provider valued at $161,019,000 after purchasing an additional 972,274 shares during the period. Fisher Asset Management LLC increased its holdings of Capital One Financial shares by 18.0% in the fourth quarter. Fisher Asset Management LLC now owns 5,836,030 shares of the financial services provider valued at $846,750,000 after purchasing an additional 890,874 shares during the period. Finally, Boston Partners increased its stake in Capital One Financial shares by 8.1% in the 4th quarter. Boston Partners now owns 3,616,479 shares of the financial services provider valued at $525,074,000 after purchasing an additional 271,792 shares during the period. 89.31% of the shares are currently held by institutional investors.
Capital One Financial Stock down 4.7%
Shares of COF Stock opened at $108.93 on Friday. Capital One Financial Co. has a 12-month low of $98.54 and a 12-month high of $177.95. The company has a market cap of $42.81 billion, a PE ratio of 4.28, a price-to-earnings growth ratio of 0.33, and a beta of 1.48. The stock has a 50-day moving average of $113.05 and a 200-day moving average of $131.08. The company has a quick ratio of 0.95, a current ratio of 0.95 and a leverage ratio of 0.79.
Capital One Financial (NYSE: COF – Get a rating) last released its quarterly results on Tuesday, April 26. The financial services provider reported EPS of $5.62 for the quarter, beating analyst consensus estimates of $5.39 by $0.23. Capital One Financial had a return on equity of 18.66% and a net margin of 34.71%. The company posted revenue of $8.17 billion in the quarter, versus analyst estimates of $8.02 billion. In the same period a year earlier, the company earned earnings per share of $7.03. The company’s quarterly revenue increased by 14.9% compared to the same quarter last year. On average, stock analysts predict Capital One Financial Co. will post EPS of 20.12 for the current year.
Capital One Financial announces dividend
The company also recently declared 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. The ex-dividend date was Friday, May 13. This represents a dividend of $2.40 on an annualized basis and a dividend yield of 2.20%. Capital One Financial’s dividend payout ratio (DPR) is currently 9.44%.
Changes to analyst ratings
A number of stock analysts have weighed in on the company recently. Wells Fargo & Company lowered its price target on Capital One Financial from $160.00 to $130.00 and set an “overweight” rating on the stock in a Wednesday, July 13 report. Barclays lowered its price target on Capital One Financial to $170.00 in a research note on Friday. Morgan Stanley lowered its price target on Capital One Financial from $126.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday. Oppenheimer upgraded Capital One Financial from an “outperforming” rating to a “market performing” rating in a Tuesday, July 12 research note. Finally, Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperforming” rating and set a price target of $145.00 for the company in a Friday, June 17 research note. One financial analyst assigned the stock a sell rating, nine assigned a hold rating and twelve assigned the company’s stock a buy rating. According to MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $158.00.
Insider Trading at Capital One Financial
In related news, Insider Sheldon Room sold 14,504 shares of the company in a trade on Thursday, May 26. The stock was sold at an average price of $125.00, for a total value of $1,813,000.00. Following the completion of the transaction, the insider now directly owns 68,337 shares of the company, valued at $8,542,125. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Company insiders hold 1.27% of the company’s shares.
Capital One Financial Company Profile
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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