Wilmington Savings Fund Society FSB Has $1.01 Million Holdings in Capital One Financial Corporation $COF

Wilmington Savings Fund Society FSB decreased its holdings in Capital One Financial Corporation (NYSE:COF) by 62.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 4,740 shares of the financial services provider’s stock after selling 7,940 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Capital One Financial were worth $1,008,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in COF. State Street Corp raised its stake in shares of Capital One Financial by 63.4% in the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after purchasing an additional 10,776,843 shares during the last quarter. Norges Bank bought a new stake in Capital One Financial during the second quarter worth $1,701,511,000. Boston Partners purchased a new stake in Capital One Financial in the 2nd quarter valued at $534,777,000. Amundi lifted its stake in Capital One Financial by 321.6% during the 2nd quarter. Amundi now owns 3,108,512 shares of the financial services provider’s stock valued at $680,174,000 after acquiring an additional 2,371,214 shares in the last quarter. Finally, Capital International Investors boosted its holdings in Capital One Financial by 107.9% during the 3rd quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock worth $859,602,000 after acquiring an additional 2,097,208 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on COF. Keefe, Bruyette & Woods increased their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. Jefferies Financial Group reissued a “buy” rating and set a $300.00 target price on shares of Capital One Financial in a research report on Monday. Barclays cut their target price on Capital One Financial from $294.00 to $287.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $275.00 price target on shares of Capital One Financial in a research report on Monday, January 12th. Finally, Wolfe Research dropped their price target on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $275.95.

Read Our Latest Stock Analysis on Capital One Financial

Capital One Financial News Summary

Here are the key news stories impacting Capital One Financial this week:

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total value of $500,000.00. Following the completion of the transaction, the general counsel owned 92,486 shares in the company, valued at $23,121,500. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lia Dean sold 3,284 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total transaction of $734,565.12. Following the completion of the sale, the insider directly owned 70,162 shares in the company, valued at approximately $15,693,836.16. This trade represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 67,933 shares of company stock worth $14,363,897 in the last quarter. 1.26% of the stock is currently owned by company insiders.

Capital One Financial Stock Performance

Shares of COF stock opened at $179.73 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $111.78 billion, a price-to-earnings ratio of 60.72, a P/E/G ratio of 0.54 and a beta of 1.14. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $259.64. The firm’s 50-day simple moving average is $209.74 and its two-hundred day simple moving average is $219.63.

Capital One Financial (NYSE:COFGet Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The company had revenue of $15.62 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter in the previous year, the business earned $2.67 EPS. The company’s revenue for the quarter was up 53.3% on a year-over-year basis. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s dividend payout ratio is currently 108.11%.

Capital One Financial Profile

(Free Report)

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

See Also

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COFFree Report).

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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