Capital One Financial Corp. (COF) Position Raised by DF Dent & Co. Inc.
DF Dent & Co. Inc. boosted its position in shares of Capital One Financial Corp. (NYSE:COF) by 17.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,114 shares of the financial services provider’s stock after purchasing an additional 4,030 shares during the period. DF Dent & Co. Inc.’s holdings in Capital One Financial were worth $2,492,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TLP Group LLC acquired a new stake in Capital One Financial during the 1st quarter valued at $103,000. Well Done LLC acquired a new stake in Capital One Financial during the 1st quarter valued at $106,000. Integrated Investment Consultants LLC acquired a new stake in Capital One Financial during the 2nd quarter valued at $108,000. Kaizen Advisory LLC grew its holdings in Capital One Financial by 161.0% during the 2nd quarter. Kaizen Advisory LLC now owns 1,198 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 739 shares in the last quarter. Finally, Sun Life Financial INC grew its holdings in Capital One Financial by 518.3% during the 2nd quarter. Sun Life Financial INC now owns 1,317 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 1,104 shares in the last quarter. 88.28% of the stock is owned by institutional investors and hedge funds.
In other news, Director Bradford H. Warner sold 4,229 shares of Capital One Financial stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $92.55, for a total value of $391,393.95. Following the completion of the transaction, the director now directly owns 56,221 shares of the company’s stock, valued at approximately $5,203,253.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Timothy P. Golden sold 4,073 shares of Capital One Financial stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $95.85, for a total transaction of $390,397.05. The disclosure for this sale can be found here. Insiders sold a total of 285,955 shares of company stock valued at $28,384,891 over the last ninety days. Company insiders own 1.73% of the company’s stock.
Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, July 19th. The financial services provider reported $3.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.63 by $0.59. Capital One Financial had a net margin of 10.73% and a return on equity of 10.44%. The company had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.95 billion. During the same period last year, the business earned $1.96 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. equities analysts forecast that Capital One Financial Corp. will post 11.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 16th. Stockholders of record on Monday, August 6th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, August 3rd. Capital One Financial’s dividend payout ratio (DPR) is presently 20.54%.
A number of research firms recently weighed in on COF. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a report on Tuesday, July 24th. BMO Capital Markets raised their price objective on shares of Capital One Financial from $126.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, July 20th. UBS Group decreased their price objective on shares of Capital One Financial from $116.00 to $113.00 and set a “buy” rating for the company in a report on Tuesday, August 7th. Citigroup decreased their price objective on shares of Capital One Financial from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, June 18th. Finally, Piper Jaffray Companies raised shares of Capital One Financial from a “neutral” rating to an “overweight” rating in a report on Thursday, June 14th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $110.90.
Capital One Financial Company 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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