Sunflower Bank N.A. lifted its stake in Capital One Financial Co. (NYSE:COF) by 4.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,705 shares of the financial services provider’s stock after buying an additional 125 shares during the period. Sunflower Bank N.A.’s holdings in Capital One Financial were worth $482,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of COF. State Street Corp raised its stake in shares of Capital One Financial by 0.5% during the 3rd quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock worth $2,471,572,000 after purchasing an additional 74,784 shares in the last quarter. Franklin Resources Inc. lifted its stake in Capital One Financial by 2.8% in the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock valued at $1,649,488,000 after acquiring an additional 280,462 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Capital One Financial by 0.7% in the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock valued at $1,451,527,000 after acquiring an additional 72,097 shares during the period. Geode Capital Management LLC increased its stake in shares of Capital One Financial by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock worth $1,198,664,000 after purchasing an additional 159,616 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Capital One Financial by 21.4% in the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after purchasing an additional 1,169,395 shares during the period. Institutional investors own 89.84% of the company’s stock.
Insider Buying and Selling at Capital One Financial
In related news, insider Michael Zamsky sold 10,541 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This represents a 28.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the sale, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is currently owned by corporate insiders.
Capital One Financial Price Performance
Capital One Financial (NYSE:COF – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. Capital One Financial’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.45 earnings per share. As a group, analysts anticipate that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.
Capital One Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s payout ratio is presently 22.66%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on COF shares. Citigroup began coverage on Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price target on the stock. Royal Bank of Canada increased their price target on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Barclays upgraded shares of Capital One Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $158.00 to $219.00 in a report on Monday, January 6th. Finally, Wells Fargo & Company raised their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $188.81.
Check Out Our Latest Research Report on Capital One Financial
About Capital One Financial
Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of 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.
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