Cornell Pochily Investment Advisors Inc. boosted its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,615 shares of the financial services provider’s stock after buying an additional 141 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Capital One Financial were worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in the company. Pinnacle Bank bought a new stake in Capital One Financial in the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust boosted its holdings in Capital One Financial by 78.6% during the first quarter. Parkside Financial Bank & Trust now owns 384 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 169 shares during the last quarter. Bogart Wealth LLC boosted its holdings in Capital One Financial by 72.5% during the first quarter. Bogart Wealth LLC now owns 440 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 185 shares during the last quarter. Braun Bostich & Associates Inc. acquired a new position in Capital One Financial during the first quarter worth $37,000. Finally, JNBA Financial Advisors acquired a new position in Capital One Financial during the first quarter worth $41,000. 88.28% of the stock is currently owned by institutional investors and hedge funds.
NYSE:COF opened at $83.67 on Friday. The firm’s 50 day simple moving average is $90.87 and its 200 day simple moving average is $87.45. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Corp. has a one year low of $69.90 and a one year high of $101.26. The company has a market cap of $41.02 billion, a PE ratio of 7.69, a P/E/G ratio of 0.95 and a beta of 1.24.
Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, July 18th. The financial services provider reported $3.37 EPS for the quarter, topping the consensus estimate of $2.84 by $0.53. Capital One Financial had a net margin of 17.50% and a return on equity of 10.68%. The business had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $7.01 billion. During the same period last year, the company earned $3.71 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Equities research analysts expect that Capital One Financial Corp. will post 11.49 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.60 annualized dividend and a yield of 1.91%. Capital One Financial’s payout ratio is 14.71%.
Several research analysts recently commented on COF shares. Royal Bank of Canada restated a “sector perform” rating and set a $98.00 target price on shares of Capital One Financial in a report on Friday, May 3rd. Deutsche Bank reaffirmed a “hold” rating and set a $98.00 price target on shares of Capital One Financial in a research report on Monday, July 8th. Piper Jaffray Companies set a $111.00 price target on shares of Capital One Financial and gave the stock a “buy” rating in a research report on Friday, July 19th. Zacks Investment Research lowered shares of Capital One Financial from a “buy” rating to a “hold” rating and set a $103.00 price objective on the stock. in a research report on Thursday, July 25th. Finally, Morgan Stanley set a $99.00 price objective on shares of Capital One Financial and gave the company a “hold” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. Capital One Financial currently has a consensus rating of “Hold” and a consensus price target of $105.11.
In other Capital One Financial news, Director Bradford H. Warner sold 4,000 shares of Capital One Financial 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 transaction, the director now directly owns 57,930 shares of the company’s stock, valued at approximately $4,980,821.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Wassmer sold 8,212 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $95.03, for a total transaction of $780,386.36. Following the completion of the transaction, the insider now directly owns 84,679 shares in the company, valued at $8,047,045.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,149 shares of company stock valued at $5,053,283. Company insiders own 1.43% of the company’s stock.
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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