Capital One Financial Corporation (COF) Stake Boosted by Bronfman E.L. Rothschild L.P.

Bronfman E.L. Rothschild L.P. raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 47.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,652 shares of the financial services provider’s stock after buying an additional 529 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Capital One Financial Corporation were worth $137,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in COF. Acadian Asset Management LLC lifted its position in Capital One Financial Corporation by 638.2% during the first quarter. Acadian Asset Management LLC now owns 7,862 shares of the financial services provider’s stock valued at $681,000 after buying an additional 6,797 shares in the last quarter. Webster Bank N. A. lifted its position in shares of Capital One Financial Corporation by 2.8% during the first quarter. Webster Bank N. A. now owns 54,419 shares of the financial services provider’s stock worth $4,716,000 after purchasing an additional 1,465 shares in the last quarter. Parnassus Investments CA lifted its position in shares of Capital One Financial Corporation by 5.9% during the first quarter. Parnassus Investments CA now owns 900,000 shares of the financial services provider’s stock worth $77,994,000 after purchasing an additional 50,000 shares in the last quarter. Pillar Pacific Capital Management LLC lifted its position in shares of Capital One Financial Corporation by 1.8% during the first quarter. Pillar Pacific Capital Management LLC now owns 74,059 shares of the financial services provider’s stock worth $6,418,000 after purchasing an additional 1,295 shares in the last quarter. Finally, Cypress Capital Management LLC lifted its position in shares of Capital One Financial Corporation by 21.4% during the first quarter. Cypress Capital Management LLC now owns 6,150 shares of the financial services provider’s stock worth $533,000 after purchasing an additional 1,085 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Capital One Financial Corporation (NYSE COF) opened at 81.94 on Friday. Capital One Financial Corporation has a 12-month low of $69.49 and a 12-month high of $96.92. The company has a 50-day moving average of $81.68 and a 200 day moving average of $82.69. The firm has a market cap of $39.66 billion, a P/E ratio of 11.95 and a beta of 1.22.

Capital One Financial Corporation (NYSE:COF) last announced its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period last year, the company posted $1.76 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts predict that Capital One Financial Corporation will post $7.52 EPS for the current year.

Capital One Financial Corporation declared that its board has initiated a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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A number of research firms have recently commented on COF. Piper Jaffray Companies began coverage on shares of Capital One Financial Corporation in a research report on Thursday. They set an “underweight” rating and a $81.00 target price on the stock. Zacks Investment Research cut shares of Capital One Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday. Keefe, Bruyette & Woods reissued a “buy” rating and set a $106.00 target price on shares of Capital One Financial Corporation in a research report on Friday, September 15th. Morgan Stanley cut shares of Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $97.00 to $83.00 in a research report on Friday, September 8th. Finally, Robert W. Baird reissued a “hold” rating and set a $84.00 target price on shares of Capital One Financial Corporation in a research report on Tuesday, September 5th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $91.68.

In other news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total value of $31,972,801.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.73% of the company’s stock.

Capital One Financial Corporation Profile

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.

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

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