Country Club Trust Company n.a. Sells 1,307 Shares of Capital One Financial Corp. (COF)
Country Club Trust Company n.a. trimmed its position in shares of Capital One Financial Corp. (NYSE:COF) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 100,626 shares of the financial services provider’s stock after selling 1,307 shares during the quarter. Capital One Financial comprises about 1.4% of Country Club Trust Company n.a.’s portfolio, making the stock its 24th largest holding. Country Club Trust Company n.a.’s holdings in Capital One Financial were worth $10,021,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Nova Scotia increased its stake in shares of Capital One Financial by 70.8% during the second quarter. Bank of Nova Scotia now owns 187,907 shares of the financial services provider’s stock worth $15,525,000 after buying an additional 77,861 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Capital One Financial during the third quarter worth approximately $1,635,000. Norinchukin Bank The increased its stake in shares of Capital One Financial by 9.5% during the third quarter. Norinchukin Bank The now owns 43,270 shares of the financial services provider’s stock worth $3,663,000 after buying an additional 3,743 shares during the period. Private Advisor Group LLC boosted its holdings in Capital One Financial by 24.3% in the third quarter. Private Advisor Group LLC now owns 13,372 shares of the financial services provider’s stock valued at $1,160,000 after purchasing an additional 2,613 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in Capital One Financial by 49.2% in the third quarter. Toronto Dominion Bank now owns 190,754 shares of the financial services provider’s stock valued at $16,148,000 after purchasing an additional 62,865 shares in the last quarter. Hedge funds and other institutional investors own 88.33% of the company’s stock.
Shares of Capital One Financial Corp. (NYSE:COF) traded up $1.28 during midday trading on Friday, hitting $104.42. The company had a trading volume of 2,177,700 shares, compared to its average volume of 2,115,050. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.17. Capital One Financial Corp. has a 52-week low of $76.05 and a 52-week high of $104.46. The firm has a market capitalization of $51,020.00, a P/E ratio of 14.65, a PEG ratio of 1.38 and a beta of 1.28.
Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.27. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the company earned $2.03 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. research analysts expect that Capital One Financial Corp. will post 7.96 EPS for the current year.
Capital One Financial announced that its Board of Directors has authorized a stock buyback program on Tuesday, December 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.
In related news, Director Bradford H. Warner sold 3,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $99.46, for a total transaction of $298,380.00. Following the completion of the sale, the director now directly owns 53,085 shares of the company’s stock, valued at $5,279,834.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann F. Hackett sold 11,055 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $91.18, for a total value of $1,007,994.90. Following the sale, the director now directly owns 69,066 shares of the company’s stock, valued at $6,297,437.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 435,282 shares of company stock valued at $42,264,713. Corporate insiders own 1.73% of the company’s stock.
A number of equities analysts recently issued reports on COF shares. Zacks Investment Research raised Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a report on Thursday, January 4th. Barclays upped their price target on Capital One Financial from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $116.00 price target on shares of Capital One Financial in a report on Friday, October 6th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $112.00 price target (up from $102.00) on shares of Capital One Financial in a report on Tuesday. Finally, Compass Point raised Capital One Financial from a “neutral” rating to a “buy” rating and upped their price target for the company from $99.52 to $122.00 in a report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $102.14.
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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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