Ceredex Value Advisors LLC Purchases New Holdings in Capital One (COF)

Ceredex Value Advisors LLC purchased a new position in shares of Capital One (NYSE:COF) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 691,410 shares of the financial services provider’s stock, valued at approximately $66,251,000.

A number of other large investors have also recently added to or reduced their stakes in COF. TIAA CREF Investment Management LLC lifted its holdings in Capital One by 118.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 4,156,429 shares of the financial services provider’s stock worth $413,897,000 after purchasing an additional 2,255,496 shares during the last quarter. APG Asset Management N.V. lifted its holdings in Capital One by 1,256.0% during the 4th quarter. APG Asset Management N.V. now owns 1,851,401 shares of the financial services provider’s stock worth $153,533,000 after purchasing an additional 1,714,867 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Capital One by 49,032.3% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,479,866 shares of the financial services provider’s stock worth $147,365,000 after purchasing an additional 1,476,854 shares during the last quarter. Cornerstone Investment Partners LLC lifted its holdings in Capital One by 87.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 2,045,312 shares of the financial services provider’s stock worth $203,672,000 after purchasing an additional 956,815 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Capital One by 18.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,967,323 shares of the financial services provider’s stock worth $395,066,000 after purchasing an additional 624,534 shares during the last quarter. 89.71% of the stock is owned by institutional investors and hedge funds.

In other news, Director Bradford H. Warner sold 3,000 shares of Capital One stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $95.05, for a total value of $285,150.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kleber Santos sold 5,607 shares of Capital One stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $97.74, for a total value of $548,028.18. Following the completion of the transaction, the insider now owns 15,894 shares in the company, valued at approximately $1,553,479.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 293,770 shares of company stock worth $27,484,751. Corporate insiders own 1.73% of the company’s stock.

Shares of Capital One opened at $96.74 on Friday, according to Marketbeat Ratings. Capital One has a 52-week low of $94.55 and a 52-week high of $96.54. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $46.04 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32.

Capital One (NYSE:COF) last issued its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.31. Capital One had a return on equity of 9.23% and a net margin of 8.38%. The company had revenue of $6.90 million for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the company posted $1.75 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. equities research analysts expect that Capital One will post 10.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 24th. Stockholders of record on Monday, May 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. Capital One’s payout ratio is 20.54%.

Several analysts recently weighed in on the company. Wells Fargo reissued an “outperform” rating and set a $117.00 price target (up from $112.00) on shares of Capital One in a report on Wednesday, January 24th. BMO Capital Markets restated an “outperform” rating and set a $140.00 price objective on shares of Capital One in a research note on Wednesday, January 24th. Credit Suisse Group raised their price objective on Capital One from $106.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Royal Bank of Canada restated a “buy” rating and set a $110.00 price objective on shares of Capital One in a research note on Wednesday, January 24th. Finally, Buckingham Research raised their price objective on Capital One from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $108.52.

Capital One Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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

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