Boyd Watterson Asset Management LLC OH Sells 4,553 Shares of Capital One Financial Corp. (COF)

Boyd Watterson Asset Management LLC OH reduced its stake in shares of Capital One Financial Corp. (NYSE:COF) by 54.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,873 shares of the financial services provider’s stock after selling 4,553 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Capital One Financial were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Davis Selected Advisers grew its stake in shares of Capital One Financial by 43.7% in the third quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock worth $980,149,000 after purchasing an additional 3,519,332 shares in the last quarter. Point72 Asset Management L.P. increased its position in Capital One Financial by 229.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,647,291 shares of the financial services provider’s stock worth $139,460,000 after purchasing an additional 1,147,191 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Capital One Financial by 107.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,989,104 shares of the financial services provider’s stock worth $164,340,000 after purchasing an additional 1,031,829 shares during the last quarter. Capital World Investors increased its position in Capital One Financial by 2.3% in the 2nd quarter. Capital World Investors now owns 38,396,005 shares of the financial services provider’s stock worth $3,172,278,000 after purchasing an additional 849,047 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Capital One Financial by 153.3% in the 2nd quarter. Renaissance Technologies LLC now owns 989,099 shares of the financial services provider’s stock worth $81,719,000 after purchasing an additional 598,600 shares during the last quarter. Hedge funds and other institutional investors own 88.33% of the company’s stock.

Capital One Financial Corp. (NYSE:COF) traded up $1.45 during trading on Thursday, hitting $103.14. The stock had a trading volume of 2,620,600 shares, compared to its average volume of 2,106,100. Capital One Financial Corp. has a 52 week low of $76.05 and a 52 week high of $103.70. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $50,000.00, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 1.38 and a beta of 1.28.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, beating the consensus estimate of $2.15 by $0.27. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the prior year, the business earned $2.03 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. sell-side analysts predict that Capital One Financial Corp. will post 7.96 EPS for the current year.

Capital One Financial announced that its board has authorized a stock repurchase program on Tuesday, December 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

In related news, Director Ann F. Hackett sold 6,361 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $102.00, for a total value of $648,822.00. Following the completion of the sale, the director now directly owns 64,372 shares in the company, valued at $6,565,944. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ann F. Hackett sold 11,055 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $91.18, for a total value of $1,007,994.90. Following the completion of the sale, the director now owns 69,066 shares of the company’s stock, valued at $6,297,437.88. The disclosure for this sale can be found here. Insiders sold 435,282 shares of company stock worth $42,264,713 in the last ninety days. 1.73% of the stock is owned by company insiders.

A number of brokerages have recently commented on COF. Zacks Investment Research raised Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a report on Thursday, January 4th. Barclays raised their price objective on Capital One Financial from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $116.00 price objective on shares of Capital One Financial in a research report on Friday, October 6th. Wells Fargo & Co reiterated an “outperform” rating and issued a $112.00 price objective (up previously from $102.00) on shares of Capital One Financial in a research report on Tuesday. Finally, Compass Point upgraded Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the stock from $99.52 to $122.00 in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $102.14.

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About Capital One Financial

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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