Bowen Hanes & Co. Inc. Buys Shares of 2,174 Capital One Financial Corp. (COF)
Bowen Hanes & Co. Inc. bought a new stake in Capital One Financial Corp. (NYSE:COF) during the fourth quarter, HoldingsChannel.com reports. The firm bought 2,174 shares of the financial services provider’s stock, valued at approximately $216,000.
Other large investors have also recently bought and sold shares of the company. Huntington National Bank grew its stake in Capital One Financial by 3.8% in the 4th quarter. Huntington National Bank now owns 264,645 shares of the financial services provider’s stock valued at $26,353,000 after buying an additional 9,796 shares during the last quarter. BancorpSouth Bank acquired a new position in Capital One Financial in the 4th quarter valued at $3,914,000. Quantbot Technologies LP acquired a new position in Capital One Financial in the 3rd quarter valued at $1,635,000. Norinchukin Bank The grew its stake in Capital One Financial by 9.5% in the 3rd quarter. Norinchukin Bank The now owns 43,270 shares of the financial services provider’s stock valued at $3,663,000 after buying an additional 3,743 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in Capital One Financial by 24.3% in the 3rd quarter. Private Advisor Group LLC now owns 13,372 shares of the financial services provider’s stock valued at $1,160,000 after buying an additional 2,613 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.
In other news, insider Kleber Santos sold 5,607 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $97.74, for a total transaction of $548,028.18. Following the completion of the transaction, the insider now directly owns 15,894 shares of the company’s stock, valued at approximately $1,553,479.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank G. LapradeIii sold 83,046 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $95.00, for a total transaction of $7,889,370.00. Following the transaction, the insider now directly owns 97,346 shares of the company’s stock, valued at $9,247,870. The disclosure for this sale can be found here. Insiders have sold a total of 872,201 shares of company stock valued at $89,614,154 over the last ninety days. 1.73% of the stock is owned by insiders.
Capital One Financial Corp. (COF) opened at $96.72 on Monday. The company has a market cap of $46,880.00, a PE ratio of 12.97, a PEG ratio of 0.88 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 (NYSE:COF) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.23). The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $7.12 billion. Capital One Financial had a return on equity of 8.36% and a net margin of 6.89%. Capital One Financial’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.45 earnings per share. research analysts anticipate that Capital One Financial Corp. will post 9.72 earnings per share for the current fiscal year.
Capital One Financial declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, February 9th. Capital One Financial’s payout ratio is 21.45%.
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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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