Cypress Capital Group Buys New Position in Capital One Financial Corporation (COF)

Cypress Capital Group bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,000 shares of the financial services provider’s stock, valued at approximately $744,000.

Several other hedge funds have also recently added to or reduced their stakes in COF. KBC Group NV increased its stake in shares of Capital One Financial Corporation by 12.7% during the first quarter. KBC Group NV now owns 454,156 shares of the financial services provider’s stock worth $39,357,000 after buying an additional 51,128 shares during the period. Hartline Investment Corp purchased a new stake in shares of Capital One Financial Corporation during the first quarter worth approximately $4,080,000. Bank of The Ozarks increased its stake in shares of Capital One Financial Corporation by 14.0% during the first quarter. Bank of The Ozarks now owns 9,160 shares of the financial services provider’s stock worth $794,000 after buying an additional 1,125 shares during the period. Prudential Financial Inc. increased its stake in shares of Capital One Financial Corporation by 106.6% during the first quarter. Prudential Financial Inc. now owns 2,321,767 shares of the financial services provider’s stock worth $201,204,000 after buying an additional 1,197,860 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Capital One Financial Corporation by 115.2% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 338,054 shares of the financial services provider’s stock worth $29,296,000 after buying an additional 180,989 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

In other news, CEO Richard D. Fairbank sold 367,419 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total value of $31,972,801.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.73% of the company’s stock.

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Capital One Financial Corporation (NYSE COF) traded down 0.10% during midday trading on Wednesday, reaching $87.21. The company’s stock had a trading volume of 462,088 shares. The company’s 50-day moving average price is $82.00 and its 200-day moving average price is $82.21. Capital One Financial Corporation has a 1-year low of $70.50 and a 1-year high of $96.92. The company has a market capitalization of $42.18 billion, a price-to-earnings ratio of 13.23 and a beta of 1.23.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the prior year, the business posted $1.76 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts predict that Capital One Financial Corporation will post $7.50 earnings per share for the current fiscal year.

Capital One Financial Corporation declared that its board has initiated a stock buyback program on Wednesday, June 28th that allows the company to repurchase $1.85 billion in shares. This repurchase authorization allows the financial services provider to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

A number of analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Capital One Financial Corporation in a research note on Tuesday. They set an “outperform” rating and a $96.00 target price on the stock. Zacks Investment Research upgraded shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Monday. BMO Capital Markets restated a “buy” rating and set a $116.00 target price on shares of Capital One Financial Corporation in a research note on Friday, October 6th. Buckingham Research began coverage on shares of Capital One Financial Corporation in a research note on Monday, October 2nd. They set a “buy” rating and a $99.00 target price on the stock. Finally, Piper Jaffray Companies began coverage on shares of Capital One Financial Corporation in a research note on Thursday, September 21st. They issued an “underweight” rating and a $81.00 price target on the stock. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $93.36.

Capital One Financial Corporation Profile

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.

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

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