Meadow Creek Investment Management LLC increased its holdings in Capital One Financial Corp. (NYSE:COF) by 15.6% in the 4th quarter, HoldingsChannel reports. The fund owned 134,596 shares of the financial services provider’s stock after buying an additional 18,128 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Capital One Financial were worth $13,403,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of COF. Ladenburg Thalmann Financial Services Inc. grew its position in Capital One Financial by 6.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 90,179 shares of the financial services provider’s stock valued at $8,980,000 after purchasing an additional 5,484 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its position in Capital One Financial by 3.9% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 105,681 shares of the financial services provider’s stock valued at $10,523,000 after purchasing an additional 3,929 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Capital One Financial 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 purchasing an additional 2,255,496 shares during the last quarter. Teachers Advisors LLC grew its position in Capital One Financial by 8.0% during the 4th quarter. Teachers Advisors LLC now owns 1,254,352 shares of the financial services provider’s stock valued at $124,908,000 after purchasing an additional 93,216 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in Capital One Financial during the 4th quarter valued at about $162,000. Institutional investors own 90.09% of the company’s stock.
In other news, insider Yajnik Sanjiv sold 156,278 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $100.00, for a total value of $15,627,800.00. Following the transaction, the insider now owns 199,216 shares in the company, valued at approximately $19,921,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann F. Hackett sold 7,000 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $98.00, for a total transaction of $686,000.00. Following the completion of the transaction, the director now owns 65,011 shares in the company, valued at approximately $6,371,078. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 882,201 shares of company stock worth $90,595,354. Insiders own 1.73% of the company’s stock.
Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.23). The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 EPS. sell-side analysts forecast that Capital One Financial Corp. will post 9.72 earnings per share for the current year.
Capital One Financial declared that its Board of Directors has authorized a stock buyback program on Tuesday, December 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, February 9th. Capital One Financial’s payout ratio is presently 21.45%.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Nomura downgraded shares of Capital One Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $111.00 to $109.00 in a research report on Wednesday, February 21st. Instinet downgraded shares of Capital One Financial from a “buy” rating to a “neutral” rating and increased their price objective for the company from $98.47 to $109.00 in a research report on Wednesday, February 21st. Morgan Stanley increased their price objective on shares of Capital One Financial from $110.00 to $111.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reissued a “buy” rating and set a $110.00 price objective on shares of Capital One Financial in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $107.00.
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About Capital One Financial
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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