Yellowstone Partners LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,573 shares of the financial services provider’s stock, valued at approximately $472,000.
Several other institutional investors and hedge funds have also bought and sold shares of COF. South State Corp raised its holdings in Capital One Financial by 9.2% during the second quarter. South State Corp now owns 65,457 shares of the financial services provider’s stock worth $5,408,000 after purchasing an additional 5,510 shares during the last quarter. Bank of Nova Scotia raised its holdings in Capital One Financial by 70.8% during the second quarter. Bank of Nova Scotia now owns 187,907 shares of the financial services provider’s stock worth $15,525,000 after purchasing an additional 77,861 shares during the last quarter. Quantbot Technologies LP acquired a new position in Capital One Financial during the third quarter worth $1,635,000. Norinchukin Bank The raised its holdings in Capital One Financial by 9.5% during the third quarter. Norinchukin Bank The now owns 43,270 shares of the financial services provider’s stock worth $3,663,000 after purchasing an additional 3,743 shares during the last quarter. Finally, CNA Financial Corp raised its holdings in Capital One Financial by 20.6% during the second quarter. CNA Financial Corp now owns 31,827 shares of the financial services provider’s stock worth $2,630,000 after purchasing an additional 5,427 shares during the last quarter. 88.43% of the stock is owned by institutional investors and hedge funds.
COF has been the subject of several research reports. Zacks Investment Research cut Capital One Financial from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Bank of America lifted their price objective on Capital One Financial from $89.00 to $91.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $106.00 price objective on shares of Capital One Financial in a report on Friday, September 15th. Robert W. Baird reaffirmed a “hold” rating and set a $84.00 price objective on shares of Capital One Financial in a report on Tuesday, September 5th. Finally, Buckingham Research assumed coverage on Capital One Financial in a research report on Monday, October 2nd. They set a “buy” rating and a $99.00 price target for the company. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $96.24.
Capital One Financial (NYSE:COF) last announced its quarterly earnings data 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 business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.81 billion. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.03 earnings per share. analysts expect that Capital One Financial Corporation will post 7.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Monday, November 13th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Friday, November 10th. Capital One Financial’s dividend payout ratio is currently 22.63%.
In other news, insider Robert M. Alexander sold 5,000 shares of Capital One Financial stock in a transaction on Friday, December 1st. The stock was sold at an average price of $92.18, for a total value of $460,900.00. Following the completion of the sale, the insider now owns 89,603 shares of the company’s stock, valued at $8,259,604.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bradford H. Warner sold 7,000 shares of Capital One Financial stock in a transaction on Monday, December 4th. The shares were sold at an average price of $94.94, for a total value of $664,580.00. Following the completion of the sale, the director now directly owns 57,085 shares of the company’s stock, valued at approximately $5,419,649.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,868 shares of company stock valued at $12,378,192. Company insiders own 1.73% of the company’s stock.
Capital One Financial 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.
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