Dupont Capital Management Corp cut its holdings in Capital One Financial Corp. (NYSE:COF) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,426 shares of the financial services provider’s stock after selling 20,799 shares during the quarter. Dupont Capital Management Corp’s holdings in Capital One Financial were worth $16,765,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. TLP Group LLC purchased a new stake in shares of Capital One Financial in the first quarter valued at approximately $103,000. Well Done LLC purchased a new stake in Capital One Financial during the first quarter worth $106,000. Bedel Financial Consulting Inc. purchased a new stake in Capital One Financial during the first quarter worth $107,000. Kaizen Advisory LLC boosted its position in Capital One Financial by 161.0% during the second quarter. Kaizen Advisory LLC now owns 1,198 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 739 shares in the last quarter. Finally, Psagot Investment House Ltd. boosted its position in Capital One Financial by 98.3% during the first quarter. Psagot Investment House Ltd. now owns 1,190 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.
Shares of NYSE:COF traded down $0.71 on Monday, hitting $93.76. The company had a trading volume of 224,701 shares, compared to its average volume of 2,467,634. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.06. Capital One Financial Corp. has a 52-week low of $76.98 and a 52-week high of $106.50. The company has a market capitalization of $45.95 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.80 and a beta of 1.34.
Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, July 19th. The financial services provider reported $3.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.59. Capital One Financial had a return on equity of 10.44% and a net margin of 10.73%. The business had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.95 billion. During the same period in the prior year, the business earned $1.96 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. sell-side analysts anticipate that Capital One Financial Corp. will post 11.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 16th. Stockholders of record on Monday, August 6th will be given a $0.40 dividend. The ex-dividend date is Friday, August 3rd. This represents a $1.60 annualized dividend and a dividend yield of 1.71%. Capital One Financial’s dividend payout ratio is currently 20.54%.
In other news, insider Michael J. Wassmer sold 1,787 shares of the company’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $98.00, for a total value of $175,126.00. Following the sale, the insider now directly owns 84,045 shares in the company, valued at $8,236,410. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradford H. Warner sold 4,229 shares of the company’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $92.55, for a total value of $391,393.95. Following the completion of the sale, the director now owns 56,221 shares in the company, valued at $5,203,253.55. The disclosure for this sale can be found here. Insiders sold 319,022 shares of company stock worth $31,567,674 over the last 90 days. Company insiders own 1.40% of the company’s stock.
A number of analysts have commented on COF shares. Sandler O’Neill set a $113.00 target price on Capital One Financial and gave the stock a “buy” rating in a research report on Tuesday, April 10th. Citigroup started coverage on Capital One Financial in a research report on Thursday, April 5th. They set a “buy” rating and a $115.00 target price on the stock. Oppenheimer set a $116.00 target price on Capital One Financial and gave the stock a “buy” rating in a research report on Thursday, July 19th. Zacks Investment Research upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Tuesday, July 24th. Finally, Morgan Stanley decreased their target price on Capital One Financial from $111.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Monday, April 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. Capital One Financial presently has a consensus rating of “Buy” and a consensus target price of $110.95.
Capital One Financial Company 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: Understanding Relative Strength Index
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