Algebris Investments UK LLP boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 142.0% during the first quarter, Holdings Channel reports. The institutional investor owned 46,450 shares of the financial services provider’s stock after buying an additional 27,256 shares during the period. Capital One Financial Corporation comprises 0.4% of Algebris Investments UK LLP’s investment portfolio, making the stock its 29th largest position. Algebris Investments UK LLP’s holdings in Capital One Financial Corporation were worth $4,025,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Aviva PLC raised its position in shares of Capital One Financial Corporation by 10.0% in the fourth quarter. Aviva PLC now owns 313,514 shares of the financial services provider’s stock valued at $27,354,000 after buying an additional 28,445 shares in the last quarter. Elkfork Partners LLC bought a new stake in shares of Capital One Financial Corporation during the fourth quarter worth $8,415,000. Cypress Capital Management LLC bought a new stake in shares of Capital One Financial Corporation during the fourth quarter worth $442,000. Trexquant Investment LP bought a new stake in shares of Capital One Financial Corporation during the fourth quarter worth $1,876,000. Finally, Keybank National Association OH increased its stake in shares of Capital One Financial Corporation by 2.0% in the fourth quarter. Keybank National Association OH now owns 343,553 shares of the financial services provider’s stock worth $29,971,000 after buying an additional 6,875 shares during the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.
Shares of Capital One Financial Corporation (NYSE COF) traded down 0.34% on Tuesday, hitting $81.45. The stock had a trading volume of 333,153 shares. The firm’s 50-day moving average price is $80.21 and its 200 day moving average price is $85.99. Capital One Financial Corporation has a 52-week low of $58.03 and a 52-week high of $96.92. The firm has a market cap of $39.28 billion, a PE ratio of 12.36 and a beta of 1.21.
Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.93 by $0.18. Capital One Financial Corporation had a net margin of 12.96% and a return on equity of 7.83%. The firm had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.63 billion. During the same period in the previous year, the business earned $1.84 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts predict that Capital One Financial Corporation will post $7.49 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Investors of record on Monday, May 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.96%. The ex-dividend date was Thursday, May 11th. Capital One Financial Corporation’s payout ratio is currently 24.32%.
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A number of equities research analysts recently weighed in on the company. Oppenheimer Holdings, Inc. dropped their price objective on Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 26th. Credit Suisse Group reaffirmed a “hold” rating and set a $99.00 price objective on shares of Capital One Financial Corporation in a research report on Friday, April 7th. Instinet raised Capital One Financial Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $97.00 to $105.00 in a research report on Wednesday, March 29th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $106.00 price objective on shares of Capital One Financial Corporation in a research report on Friday. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $103.00 price objective on shares of Capital One Financial Corporation in a research report on Tuesday. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $92.05.
In related news, insider Michael Slocum sold 6,276 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $82.16, for a total value of $515,636.16. Following the completion of the transaction, the insider now directly owns 61,905 shares of the company’s stock, valued at approximately $5,086,114.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Wassmer sold 734 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $86.88, for a total value of $63,769.92. The disclosure for this sale can be found here. Company insiders own 1.73% of the company’s stock.
About Capital One Financial Corporation
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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