Natixis Advisors L.P. cut its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,587 shares of the financial services provider’s stock after selling 3,814 shares during the period. Natixis Advisors L.P.’s holdings in Capital One Financial were worth $5,951,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC grew its position in shares of Capital One Financial by 7.3% in the first quarter. FMR LLC now owns 18,589,892 shares of the financial services provider’s stock valued at $1,518,608,000 after purchasing an additional 1,259,001 shares during the last quarter. Bank of New York Mellon Corp increased its position in Capital One Financial by 15.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,423,750 shares of the financial services provider’s stock valued at $401,410,000 after acquiring an additional 580,140 shares during the period. Ceredex Value Advisors LLC raised its position in shares of Capital One Financial by 104.5% during the first quarter. Ceredex Value Advisors LLC now owns 1,005,350 shares of the financial services provider’s stock worth $82,127,000 after acquiring an additional 513,675 shares during the last quarter. Geode Capital Management LLC raised its holdings in Capital One Financial by 6.3% during 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 buying an additional 370,154 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in Capital One Financial by 31.6% during the 1st quarter. CIBC Private Wealth Group LLC now owns 1,373,473 shares of the financial services provider’s stock worth $112,198,000 after acquiring an additional 329,936 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.
Several equities research analysts have issued reports on COF shares. Credit Suisse Group set a $118.00 target price on Capital One Financial and gave the stock a “buy” rating in a research report on Friday, July 19th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $95.00 to $115.00 in a report on Tuesday, May 14th. BMO Capital Markets set a $141.00 target price on Capital One Financial and gave the stock a “buy” rating in a report on Friday, July 19th. ValuEngine cut shares of Capital One Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Deutsche Bank reiterated a “hold” rating and issued a $98.00 price objective on shares of Capital One Financial in a research note on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $104.89.
Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, July 18th. The financial services provider reported $3.37 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $7.01 billion. During the same period in the previous year, the company posted $3.71 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. As a group, research analysts forecast that Capital One Financial Corp. will post 11.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.75%. Capital One Financial’s payout ratio is currently 14.71%.
In related news, insider Christopher T. Newkirk sold 5,715 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $92.00, for a total value of $525,780.00. Following the sale, the insider now owns 35,031 shares in the company, valued at $3,222,852. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bradford H. Warner sold 14,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $91.74, for a total value of $1,330,230.00. Following the completion of the sale, the director now owns 40,621 shares in the company, valued at approximately $3,726,570.54. The disclosure for this sale can be found here. Insiders have sold 37,756 shares of company stock worth $3,503,993 over the last three months. Corporate insiders own 1.43% of the company’s stock.
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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