Ferguson Wellman Capital Management Inc. lessened its stake in shares of Capital One Financial Corp. (NYSE:COF) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,109 shares of the financial services provider’s stock after selling 615 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Capital One Financial were worth $2,097,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Capital One Financial by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,456,455 shares of the financial services provider’s stock worth $336,847,000 after acquiring an additional 69,308 shares during the period. Geode Capital Management LLC raised its position in Capital One Financial by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 6,275,759 shares of the financial services provider’s stock worth $473,568,000 after acquiring an additional 370,154 shares during the period. Gotham Asset Management LLC bought a new position in Capital One Financial in the fourth quarter worth approximately $375,000. Macquarie Group Ltd. raised its position in Capital One Financial by 24.5% in the fourth quarter. Macquarie Group Ltd. now owns 109,743 shares of the financial services provider’s stock worth $8,295,000 after acquiring an additional 21,590 shares during the period. Finally, APG Asset Management N.V. raised its position in Capital One Financial by 1.4% in the fourth quarter. APG Asset Management N.V. now owns 2,100,870 shares of the financial services provider’s stock worth $138,919,000 after acquiring an additional 29,300 shares during the period. 88.57% of the stock is owned by institutional investors.
COF has been the topic of several recent research reports. Deutsche Bank reiterated a “buy” rating and issued a $80.00 price target on shares of Bayerische Motoren Werke in a research report on Monday, July 8th. Piper Jaffray Companies set a $175.00 price target on shares of Wayfair and gave the stock a “buy” rating in a research report on Friday, July 19th. Zacks Investment Research downgraded shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group set a €50.00 ($58.14) price target on shares of Lanxess and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. Finally, BMO Capital Markets set a $140.00 price target on shares of SAP and gave the stock a “hold” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $105.58.
In related news, Director Bradford H. Warner sold 4,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $85.98, for a total transaction of $343,920.00. Following the completion of the transaction, the director now directly owns 57,930 shares of the company’s stock, valued at $4,980,821.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Wassmer sold 8,212 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $95.03, for a total transaction of $780,386.36. Following the transaction, the insider now directly owns 84,679 shares of the company’s stock, valued at $8,047,045.37. The disclosure for this sale can be found here. Insiders have sold 55,149 shares of company stock valued at $5,053,283 over the last ninety days. 1.43% of the stock is currently owned by corporate insiders.
Shares of NYSE COF traded up $1.33 during midday trading on Friday, reaching $97.23. The stock had a trading volume of 29,863 shares, compared to its average volume of 2,081,967. The business’s 50-day simple moving average is $91.12. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $44.89 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 1.06 and a beta of 1.25. Capital One Financial Corp. has a 12-month low of $69.90 and a 12-month high of $101.26.
Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $3.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.53. The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $7.01 billion. Capital One Financial had a net margin of 17.50% and a return on equity of 10.68%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.71 earnings per share. Sell-side analysts predict that Capital One Financial Corp. will post 11.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, August 5th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.60 annualized dividend and a yield of 1.65%. Capital One Financial’s payout ratio is 14.71%.
Capital One Financial Company Profile
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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