Hennessy Advisors Inc. lowered its stake in Capital One Financial Co. (NYSE:COF) by 66.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 7,000 shares of the financial services provider’s stock after selling 14,000 shares during the period. Hennessy Advisors Inc.’s holdings in Capital One Financial were worth $673,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Davis Selected Advisers increased its position in shares of Capital One Financial by 0.5% in the 4th quarter. Davis Selected Advisers now owns 10,867,609 shares of the financial services provider’s stock worth $1,010,253,000 after purchasing an additional 49,543 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Capital One Financial by 7.9% in the 4th quarter. Fisher Asset Management LLC now owns 9,362,367 shares of the financial services provider’s stock worth $870,326,000 after purchasing an additional 686,514 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Capital One Financial by 11.5% in the 4th quarter. Pzena Investment Management LLC now owns 5,972,255 shares of the financial services provider’s stock worth $555,181,000 after purchasing an additional 616,973 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Capital One Financial by 1.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,413,955 shares of the financial services provider’s stock worth $710,798,000 after purchasing an additional 95,770 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Capital One Financial by 10.6% during the 4th quarter. Morgan Stanley now owns 3,785,441 shares of the financial services provider’s stock valued at $351,895,000 after buying an additional 362,071 shares during the last quarter. Institutional investors own 88.73% of the company’s stock.
Capital One Financial Trading Down 0.4 %
Shares of NYSE:COF opened at $106.22 on Tuesday. The company has a 50 day moving average of $100.44 and a 200-day moving average of $101.06. The firm has a market cap of $40.56 billion, a P/E ratio of 7.33, a P/E/G ratio of 1.42 and a beta of 1.46. Capital One Financial Co. has a twelve month low of $83.93 and a twelve month high of $123.09. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.88.
Capital One Financial (NYSE:COF – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $3.80 by ($1.49). The company had revenue of $8.90 billion during the quarter, compared to analyst estimates of $9.07 billion. Capital One Financial had a return on equity of 10.90% and a net margin of 14.33%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $5.62 earnings per share. As a group, analysts anticipate that Capital One Financial Co. will post 12.32 earnings per share for the current fiscal year.
Capital One Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Monday, May 15th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.26%. Capital One Financial’s payout ratio is currently 16.55%.
Insider Buying and Selling
In related news, insider Mark Daniel Mouadeb sold 469 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $51,590.00. Following the sale, the insider now directly owns 16,396 shares in the company, valued at approximately $1,803,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.41% of the company’s stock.
Analysts Set New Price Targets
COF has been the subject of a number of recent research reports. Barclays lowered their price objective on shares of Capital One Financial from $119.00 to $114.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 12th. Credit Suisse Group lowered their price objective on shares of Capital One Financial from $112.00 to $108.00 in a research report on Friday, April 28th. Odeon Capital Group downgraded shares of Capital One Financial from a “hold” rating to a “sell” rating and set a $94.20 price objective for the company. in a research report on Thursday, March 2nd. BMO Capital Markets lowered their price objective on shares of Capital One Financial from $131.00 to $121.00 in a research report on Friday, April 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $102.00 to $112.00 in a research report on Monday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Hold” and an average price target of $113.26.
Capital One Financial Company Profile
Capital One Financial Corporation operates as the financial services 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, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.