Clearbridge Investments LLC trimmed its position in shares of Capital One Financial Corp. (NYSE:COF) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 713,498 shares of the financial services provider’s stock after selling 5,568 shares during the quarter. Clearbridge Investments LLC owned 0.15% of Capital One Financial worth $71,050,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BancorpSouth Bank purchased a new position in Capital One Financial during the fourth quarter worth $3,914,000. Huntington National Bank boosted its stake in Capital One Financial by 3.8% during the fourth quarter. Huntington National Bank now owns 264,645 shares of the financial services provider’s stock worth $26,353,000 after buying an additional 9,796 shares during the period. Quantbot Technologies LP purchased a new position in Capital One Financial during the third quarter worth $1,635,000. Norinchukin Bank The boosted its stake 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 buying an additional 3,743 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Capital One Financial by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 1,350,465 shares of the financial services provider’s stock worth $134,479,000 after buying an additional 26,320 shares during the period. 90.09% of the stock is owned by institutional investors.
Shares of Capital One Financial Corp. (NYSE:COF) opened at $100.46 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $49,012.88, a PE ratio of 13.01, a P/E/G ratio of 0.92 and a beta of 1.34. Capital One Financial Corp. has a fifty-two week low of $76.05 and a fifty-two week high of $106.50.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were issued a $0.40 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.59%. Capital One Financial’s payout ratio is currently 46.38%.
Capital One Financial announced that its board has authorized a stock repurchase plan on Tuesday, December 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Several research analysts have commented on COF shares. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research note on Thursday, January 4th. Barclays lifted their price objective on shares of Capital One Financial from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $112.00 price objective (up from $102.00) on shares of Capital One Financial in a research note on Tuesday, January 9th. Compass Point raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $99.52 to $122.00 in a research note on Friday, December 22nd. Finally, Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $107.00.
In related news, CEO Richard D. Fairbank sold 485,202 shares of Capital One Financial stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $105.09, for a total value of $50,989,878.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bradford H. Warner sold 3,000 shares of Capital One Financial stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $99.46, for a total value of $298,380.00. Following the completion of the sale, the director now owns 53,085 shares of the company’s stock, valued at $5,279,834.10. The disclosure for this sale can be found here. Insiders sold 882,201 shares of company stock valued at $90,595,354 over the last 90 days. 1.73% of the stock is currently owned by corporate insiders.
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About Capital One Financial
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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