Capital One Financial Corporation (COF) Position Lifted by Westpac Banking Corp

Westpac Banking Corp lifted its position in shares of Capital One Financial Corporation (NYSE:COF) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,706 shares of the financial services provider’s stock after purchasing an additional 3,739 shares during the period. Westpac Banking Corp’s holdings in Capital One Financial Corporation were worth $6,494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COF. BB&T Investment Services Inc. bought a new stake in Capital One Financial Corporation in the second quarter worth about $108,000. Seven Eight Capital LP raised its position in Capital One Financial Corporation by 16.7% in the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 200 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in Capital One Financial Corporation by 47.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 529 shares during the period. Westside Investment Management Inc. raised its position in Capital One Financial Corporation by 48.0% in the second quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 566 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. bought a new stake in Capital One Financial Corporation in the first quarter worth about $207,000. 87.51% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on COF shares. Zacks Investment Research raised shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. BMO Capital Markets reaffirmed a “buy” rating and set a $116.00 price objective on shares of Capital One Financial Corporation in a research note on Friday, October 6th. Oppenheimer Holdings, Inc. raised shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating and set a $82.00 price target for the company in a research note on Friday, July 21st. Piper Jaffray Companies assumed 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 for the company. Finally, CIBC reissued an “underperform” rating on shares of Capital One Financial Corporation in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $95.00.

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Shares of Capital One Financial Corporation (COF) opened at $91.60 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06. The company has a market capitalization of $44.40 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.38 and a beta of 1.30. Capital One Financial Corporation has a 52-week low of $71.91 and a 52-week high of $96.92.

Capital One Financial Corporation (NYSE:COF) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.27. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.81 billion. Capital One Financial Corporation had a return on equity of 8.25% and a net margin of 13.34%. Capital One Financial Corporation’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.03 earnings per share. equities analysts expect that Capital One Financial Corporation will post 7.94 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Monday, November 13th will be given a $0.40 dividend. The ex-dividend date is Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.75%. Capital One Financial Corporation’s dividend payout ratio is currently 22.44%.

In other Capital One Financial Corporation news, Director Mayo A. Shattuck III sold 24,167 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $92.71, for a total value of $2,240,522.57. Following the completion of the transaction, the director now directly owns 59,613 shares of the company’s stock, valued at $5,526,721.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction, the director now directly owns 69,066 shares of the company’s stock, valued at $6,297,437.88. The disclosure for this sale can be found here. 1.73% of the stock is owned by corporate insiders.

Capital One Financial Corporation Company 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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