Flinton Capital Management LLC lifted its holdings in Capital One Financial Corp. (NYSE:COF) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,888 shares of the financial services provider’s stock after acquiring an additional 13,184 shares during the quarter. Flinton Capital Management LLC’s holdings in Capital One Financial were worth $9,748,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in COF. Cerebellum GP LLC acquired a new position in shares of Capital One Financial in the 4th quarter worth approximately $127,000. Delpha Capital Management LLC bought a new position in Capital One Financial in the 4th quarter worth approximately $134,000. SeaCrest Wealth Management LLC bought a new position in Capital One Financial in the 4th quarter worth approximately $141,000. Captrust Financial Advisors bought a new position in Capital One Financial in the 4th quarter worth approximately $162,000. Finally, Camelot Portfolios LLC bought a new position in Capital One Financial in the 3rd quarter worth approximately $201,000. 90.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of Capital One Financial Corp. (NYSE:COF) opened at $98.82 on Wednesday. The company has a market cap of $48,050.00, a price-to-earnings ratio of 13.25, 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. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23.
Capital One Financial announced that its board has approved a share buyback 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 buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced 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 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Friday, February 9th. Capital One Financial’s payout ratio is 21.45%.
In related news, CEO Richard D. Fairbank sold 485,202 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $105.09, for a total value of $50,989,878.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Scott Blackley sold 10,000 shares of the company’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 completion of the sale, the chief financial officer now owns 38,537 shares of the company’s stock, valued at approximately $3,781,250.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 882,201 shares of company stock valued at $90,595,354. 1.73% of the stock is owned by corporate insiders.
Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. BMO Capital Markets restated an “outperform” rating and issued a $140.00 price objective on shares of Capital One Financial in a research report on Wednesday, January 24th. Nomura cut shares of Capital One Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $111.00 to $109.00 in a research report on Wednesday, February 21st. Robert W. Baird restated a “hold” rating and issued a $106.00 price objective on shares of Capital One Financial in a research report on Wednesday, January 3rd. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Capital One Financial in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $107.00.
Capital One Financial 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.
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