First Hawaiian Bank lifted its stake in Capital One Financial Corp. (NYSE:COF) by 39.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,490 shares of the financial services provider’s stock after acquiring an additional 5,772 shares during the period. First Hawaiian Bank’s holdings in Capital One Financial were worth $1,549,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Cornerstone Advisors Inc. raised its position in shares of Capital One Financial by 192.0% in the third quarter. Cornerstone Advisors Inc. now owns 587 shares of the financial services provider’s stock worth $56,000 after buying an additional 386 shares in the last quarter. Farmers National Bank purchased a new stake in Capital One Financial during the second quarter valued at about $102,000. Stratos Wealth Partners LTD. purchased a new stake in Capital One Financial during the third quarter valued at about $130,000. QCI Asset Management Inc. NY raised its position in Capital One Financial by 698.3% during the third quarter. QCI Asset Management Inc. NY now owns 1,405 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 1,229 shares in the last quarter. Finally, Cerebellum GP LLC raised its position in Capital One Financial by 6.8% during the fourth quarter. Cerebellum GP LLC now owns 2,037 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 130 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on COF. Citigroup lowered their price target on Capital One Financial from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. Zacks Investment Research upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research report on Friday, October 26th. Oppenheimer set a $101.00 price target on Capital One Financial and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Finally, Wells Fargo & Co lowered their price target on Capital One Financial from $103.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, January 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Capital One Financial presently has an average rating of “Buy” and an average target price of $107.00.
Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $3.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.89 by $0.23. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.88 billion. Capital One Financial had a return on equity of 11.01% and a net margin of 11.84%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.42 earnings per share. On average, analysts predict that Capital One Financial Corp. will post 11.42 earnings per share for the current year.
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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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