Selway Asset Management Purchases Shares of 9,500 Capital One Financial Corp. (COF)

Selway Asset Management purchased a new stake in Capital One Financial Corp. (NYSE:COF) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 9,500 shares of the financial services provider’s stock, valued at approximately $776,000.

Several other hedge funds and other institutional investors have also bought and sold shares of COF. Vanguard Group Inc lifted its position in Capital One Financial by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 34,504,061 shares of the financial services provider’s stock valued at $3,275,469,000 after purchasing an additional 406,610 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Capital One Financial by 12.5% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 487,465 shares of the financial services provider’s stock valued at $2,302,814,000 after purchasing an additional 54,003 shares during the last quarter. Affinity Investment Advisors LLC bought a new stake in Capital One Financial in the 4th quarter valued at about $9,167,000. Flinton Capital Management LLC lifted its position in Capital One Financial by 342.3% in the 4th quarter. Flinton Capital Management LLC now owns 35,312 shares of the financial services provider’s stock valued at $2,669,000 after purchasing an additional 27,328 shares during the last quarter. Finally, PGGM Investments bought a new stake in Capital One Financial in the 4th quarter valued at about $12,379,000. 89.40% of the stock is owned by institutional investors and hedge funds.

COF has been the topic of several recent research reports. Bank of America reiterated a “buy” rating and issued a $106.00 price objective (down from $120.00) on shares of Capital One Financial in a research report on Wednesday, January 23rd. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Monday, April 1st. CIBC reiterated a “market perform” rating on shares of Capital One Financial in a research report on Wednesday, January 23rd. Credit Suisse Group cut their price objective on shares of Capital One Financial from $109.00 to $102.00 and set a “positive” rating on the stock in a research report on Wednesday, January 23rd. Finally, William Blair restated a “market perform” rating on shares of Capital One Financial in a research report on Wednesday, January 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $104.07.

Shares of COF stock traded up $0.19 during midday trading on Thursday, reaching $88.11. 1,375,782 shares of the company were exchanged, compared to its average volume of 2,646,513. Capital One Financial Corp. has a 12 month low of $69.90 and a 12 month high of $101.26. The company has a market capitalization of $41.20 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.13.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.54). Capital One Financial had a return on equity of 11.05% and a net margin of 18.58%. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the firm posted $1.59 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts predict that Capital One Financial Corp. will post 11.07 earnings per share for the current year.

In other news, insider Kleber Santos sold 2,928 shares of Capital One Financial stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $84.54, for a total value of $247,533.12. Following the transaction, the insider now owns 19,454 shares of the company’s stock, valued at approximately $1,644,641.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.43% of the stock is currently owned by insiders.

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Capital One Financial 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.

Further Reading: What are catch-up contributions?

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

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