Brandywine Global Investment Management LLC reduced its stake in Capital One Financial Corp. (NYSE:COF) by 14.6% during the 4th quarter, Holdings Channel reports. The firm owned 435,383 shares of the financial services provider’s stock after selling 74,453 shares during the period. Brandywine Global Investment Management LLC’s holdings in Capital One Financial were worth $43,356,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in shares of Capital One Financial in the 4th quarter worth $127,000. Delpha Capital Management LLC acquired a new stake in Capital One Financial during the 4th quarter worth $134,000. SeaCrest Wealth Management LLC acquired a new stake in Capital One Financial during the 4th quarter worth $141,000. Camelot Portfolios LLC acquired a new stake in Capital One Financial during the 3rd quarter worth $201,000. Finally, Gould Asset Management LLC CA acquired a new stake in Capital One Financial during the 3rd quarter worth $203,000. Institutional investors and hedge funds own 89.15% of the company’s stock.
Several brokerages recently commented on COF. Zacks Investment Research downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research note on Tuesday. Nomura downgraded Capital One Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $111.00 to $109.00 in a research note on Wednesday, February 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Capital One Financial in a research note on Wednesday, January 24th. Robert W. Baird reaffirmed a “hold” rating and set a $106.00 price objective on shares of Capital One Financial in a research note on Wednesday, January 3rd. Finally, Instinet downgraded Capital One Financial from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $98.47 to $109.00 in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $107.00.
Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.23). Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. The firm had revenue of $7 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the business earned $1.45 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities research analysts forecast that Capital One Financial Corp. will post 9.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Friday, February 9th. Capital One Financial’s dividend payout ratio is 21.45%.
Capital One Financial declared that its Board of Directors has authorized a stock buyback plan on Tuesday, December 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, insider Yajnik Sanjiv sold 156,278 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $100.00, for a total value of $15,627,800.00. Following the completion of the transaction, the insider now owns 199,216 shares in the company, valued at approximately $19,921,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann F. Hackett sold 7,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $98.00, for a total value of $686,000.00. Following the completion of the transaction, the director now owns 65,011 shares of the company’s stock, valued at approximately $6,371,078. The disclosure for this sale can be found here. Insiders sold a total of 882,201 shares of company stock worth $90,595,354 in the last three months. Company insiders own 1.73% of the company’s stock.
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Capital One Financial Profile
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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