4,700 Shares in Capital One Financial Corporation (NYSE:COF) Acquired by Caxton Associates LP

Caxton Associates LP acquired a new stake in Capital One Financial Corporation (NYSE:COF) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,700 shares of the financial services provider’s stock, valued at approximately $407,000.

Several other large investors have also recently added to or reduced their stakes in the company. Dodge & Cox purchased a new stake in Capital One Financial Corporation during the fourth quarter valued at about $3,944,247,000. BlackRock Inc. raised its stake in shares of Capital One Financial Corporation by 3,066.1% in the first quarter. BlackRock Inc. now owns 31,294,690 shares of the financial services provider’s stock valued at $2,711,996,000 after buying an additional 30,306,250 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Capital One Financial Corporation by 71.8% in the first quarter. AQR Capital Management LLC now owns 3,255,551 shares of the financial services provider’s stock valued at $282,126,000 after buying an additional 1,360,057 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Capital One Financial Corporation by 106.6% in the first quarter. Prudential Financial Inc. now owns 2,321,767 shares of the financial services provider’s stock valued at $201,204,000 after buying an additional 1,197,860 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Capital One Financial Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 31,454,174 shares of the financial services provider’s stock valued at $2,725,818,000 after buying an additional 963,101 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Shares of Capital One Financial Corporation (NYSE COF) traded down 0.21% during trading on Friday, hitting $84.41. 2,624,035 shares of the company traded hands. Capital One Financial Corporation has a one year low of $66.61 and a one year high of $96.92. The stock has a market cap of $40.85 billion, a price-to-earnings ratio of 12.31 and a beta of 1.20. The firm has a 50 day moving average price of $82.67 and a 200-day moving average price of $84.69.

Capital One Financial Corporation (NYSE:COF) last announced its earnings results on Thursday, July 20th. The financial services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period last year, the company posted $1.76 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts predict that Capital One Financial Corporation will post $7.53 EPS for the current year.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, August 3rd. Capital One Financial Corporation’s payout ratio is 23.43%.

COPYRIGHT VIOLATION NOTICE: “4,700 Shares in Capital One Financial Corporation (NYSE:COF) Acquired by Caxton Associates LP” was originally posted by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://baseballnewssource.com/markets/caxton-associates-lp-buys-new-position-in-capital-one-financial-corporation-nysecof-updated-updated-updated/1180485.html.

Several equities research analysts recently commented on COF shares. Nomura reiterated a “buy” rating and set a $101.00 price target on shares of Capital One Financial Corporation in a research note on Wednesday, April 26th. Wells Fargo & Company restated a “market perform” rating and issued a $85.00 price objective (down from $88.00) on shares of Capital One Financial Corporation in a research note on Sunday, May 21st. Deutsche Bank AG upgraded shares of Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Monday, May 1st. Morgan Stanley restated an “overweight” rating and issued a $97.00 price objective (down from $100.00) on shares of Capital One Financial Corporation in a research note on Thursday, July 6th. Finally, Rafferty Capital Markets lowered shares of Capital One Financial Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $92.90.

In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total value of $31,972,801.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.73% of the company’s stock.

Capital One Financial Corporation Company 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)

Receive News & Ratings for Capital One Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Albert Pujols New Home Run Leader for Foreign-Born Players
Albert Pujols New Home Run Leader for Foreign-Born Players
Los Angeles Dodgers Alex Wood Has Shoulder Inflammation
Los Angeles Dodgers Alex Wood Has Shoulder Inflammation
Blues Jays Ready to Take Flight
Blues Jays Ready to Take Flight
Umpires Ending Protest Over Incident With Ian Kinsler
Umpires Ending Protest Over Incident With Ian Kinsler
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer


Leave a Reply

 
© 2006-2017 BBNS.