BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Capital One Financial Corp. (NYSE:COF) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 204,276 shares of the financial services provider’s stock after buying an additional 2,221 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Capital One Financial were worth $20,342,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. BancorpSouth Bank purchased a new position in Capital One Financial during the 4th quarter worth $3,914,000. Huntington National Bank raised its position in Capital One Financial by 3.8% during the 4th quarter. Huntington National Bank now owns 264,645 shares of the financial services provider’s stock worth $26,353,000 after buying an additional 9,796 shares during the last quarter. Millennium Management LLC raised its position in Capital One Financial by 13.0% during the 4th quarter. Millennium Management LLC now owns 604,327 shares of the financial services provider’s stock worth $60,179,000 after buying an additional 69,642 shares during the last quarter. Element Capital Management LLC purchased a new position in Capital One Financial during the 4th quarter worth $23,274,000. Finally, Fisher Asset Management LLC grew its stake in shares of Capital One Financial by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 1,350,465 shares of the financial services provider’s stock worth $134,479,000 after purchasing an additional 26,320 shares during the period. Institutional investors own 90.06% of the company’s stock.
A number of research firms have recently weighed in on COF. Zacks Investment Research cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a $140.00 price target 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 target on shares of Capital One Financial in a research note on Wednesday, January 3rd. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Capital One Financial in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $110.00 price target on shares of Capital One Financial in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $107.00.
Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 EPS for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.23). The business had revenue of $7 billion during the quarter, compared to analyst estimates of $7.12 billion. Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. Capital One Financial’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share. equities analysts anticipate that Capital One Financial Corp. will post 9.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were paid a $0.40 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.73%. Capital One Financial’s payout ratio is 46.38%.
Capital One Financial declared that its board has initiated a share buyback plan on Tuesday, December 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
In other Capital One Financial news, CEO Richard D. Fairbank sold 485,202 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $105.09, for a total value of $50,989,878.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard Scott Blackley sold 2,194 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $98.19, for a total transaction of $215,428.86. Following the completion of the transaction, the chief financial officer now owns 38,537 shares in the company, valued at $3,783,948.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 638,071 shares of company stock worth $66,607,613. 1.73% of the stock is owned by insiders.
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About Capital One Financial
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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