Jones Financial Companies Lllp cut its stake in shares of Capital One Financial Corp. (NYSE:COF) by 17.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,633 shares of the financial services provider’s stock after selling 5,490 shares during the quarter. Jones Financial Companies Lllp’s holdings in Capital One Financial were worth $2,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the business. Victory Capital Management Inc. lifted its holdings in shares of Capital One Financial by 17.7% in the 3rd quarter. Victory Capital Management Inc. now owns 28,722 shares of the financial services provider’s stock worth $2,432,000 after acquiring an additional 4,311 shares during the last quarter. Hennessy Advisors Inc. lifted its holdings in shares of Capital One Financial by 16.7% in the 3rd quarter. Hennessy Advisors Inc. now owns 7,000 shares of the financial services provider’s stock worth $593,000 after acquiring an additional 1,000 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of Capital One Financial in the 3rd quarter worth approximately $218,000. FDx Advisors Inc. lifted its holdings in shares of Capital One Financial by 75.7% in the 3rd quarter. FDx Advisors Inc. now owns 14,993 shares of the financial services provider’s stock worth $1,269,000 after acquiring an additional 6,458 shares during the last quarter. Finally, Jarislowsky Fraser Ltd lifted its holdings in shares of Capital One Financial by 3.4% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 36,511 shares of the financial services provider’s stock worth $3,091,000 after acquiring an additional 1,185 shares during the last quarter. Institutional investors and hedge funds own 90.09% of the company’s stock.
In other news, CFO Richard Scott Blackley sold 10,000 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $98.12, for a total transaction of $981,200.00. Following the sale, the chief financial officer now owns 38,537 shares in the company, valued at approximately $3,781,250.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Frank G. LapradeIii sold 83,046 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $95.00, for a total transaction of $7,889,370.00. Following the sale, the insider now owns 97,346 shares in the company, valued at approximately $9,247,870. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 882,201 shares of company stock worth $90,595,354. Company insiders own 1.73% of the company’s stock.
Capital One Financial Corp. (COF) opened at $100.79 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. The stock has a market cap of $49,012.88, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. Capital One Financial Corp. has a 1 year low of $76.05 and a 1 year high of $106.50.
Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.23). The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 earnings per share. equities research analysts predict that Capital One Financial Corp. will post 9.72 earnings per share for the current year.
Capital One Financial announced that its Board of Directors has approved a share buyback plan on Tuesday, December 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, February 9th. Capital One Financial’s payout ratio is currently 46.38%.
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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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