Gemmer Asset Management LLC reduced its stake in Capital One Financial Corp. (NYSE:COF) by 30.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 485 shares of the financial services provider’s stock after selling 213 shares during the period. Gemmer Asset Management LLC’s holdings in Capital One Financial were worth $44,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of COF. Tufton Capital Management increased its holdings in shares of Capital One Financial by 0.8% in the first quarter. Tufton Capital Management now owns 17,607 shares of the financial services provider’s stock worth $1,438,000 after buying an additional 136 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in shares of Capital One Financial by 3.3% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 4,381 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 138 shares in the last quarter. Peddock Capital Advisors LLC raised its holdings in Capital One Financial by 1.3% in the 1st quarter. Peddock Capital Advisors LLC now owns 11,122 shares of the financial services provider’s stock worth $909,000 after acquiring an additional 144 shares during the last quarter. Cadence Bank NA raised its holdings in Capital One Financial by 1.6% in the 1st quarter. Cadence Bank NA now owns 9,510 shares of the financial services provider’s stock worth $777,000 after acquiring an additional 149 shares during the last quarter. Finally, Institutional & Family Asset Management LLC raised its holdings in Capital One Financial by 2.4% in the 1st quarter. Institutional & Family Asset Management LLC now owns 6,504 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 151 shares during the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on COF. Jefferies Financial Group set a €50.00 ($58.14) price objective on shares of Lanxess and gave the company a “neutral” rating in a research report on Tuesday, May 14th. Deutsche Bank reissued a “buy” rating and set a $80.00 price objective on shares of Bayerische Motoren Werke in a report on Monday, July 8th. Royal Bank of Canada set a $60.00 price objective on shares of Masonite International and gave the company a “buy” rating in a report on Friday, May 3rd. ValuEngine raised shares of Worldline from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research lowered shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $105.58.
In related news, Director Bradford H. Warner sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $85.98, for a total value of $343,920.00. Following the completion of the sale, the director now owns 57,930 shares of the company’s stock, valued at approximately $4,980,821.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael J. Wassmer sold 8,212 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $95.03, for a total value of $780,386.36. Following the completion of the sale, the insider now directly owns 84,679 shares of the company’s stock, valued at approximately $8,047,045.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,149 shares of company stock worth $5,053,283. Company insiders own 1.43% of the company’s stock.
Shares of COF traded up $2.55 during midday trading on Friday, hitting $98.45. 182,160 shares of the stock traded hands, compared to its average volume of 2,081,967. Capital One Financial Corp. has a 1-year low of $69.90 and a 1-year high of $101.26. The company has a market capitalization of $44.89 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.06 and a beta of 1.25. 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’s 50 day simple moving average is $91.12.
Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.53. The business had revenue of $7.12 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.71 earnings per share. As a group, equities analysts forecast that Capital One Financial Corp. will post 11.44 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders 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 1.63%. Capital One Financial’s dividend payout ratio (DPR) is presently 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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