Plimoth Trust Co. LLC boosted its holdings in Capital One Financial Corp. (NYSE:COF) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,070 shares of the financial services provider’s stock after purchasing an additional 1,485 shares during the period. Plimoth Trust Co. LLC’s holdings in Capital One Financial were worth $1,639,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc grew its stake in Capital One Financial by 1.2% during the third quarter. Vanguard Group Inc now owns 34,504,061 shares of the financial services provider’s stock valued at $3,275,469,000 after acquiring an additional 406,610 shares in the last quarter. Culbertson A N & Co. Inc. lifted its holdings in Capital One Financial by 15.1% during the 1st quarter. Culbertson A N & Co. Inc. now owns 11,782 shares of the financial services provider’s stock valued at $962,000 after buying an additional 1,545 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Capital One Financial by 12.5% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 487,465 shares of the financial services provider’s stock valued at $2,302,814,000 after purchasing an additional 54,003 shares in the last quarter. Affinity Investment Advisors LLC bought a new stake in shares of Capital One Financial in the 4th quarter valued at about $9,167,000. Finally, Flinton Capital Management LLC raised its holdings in shares of Capital One Financial by 342.3% in the 4th quarter. Flinton Capital Management LLC now owns 35,312 shares of the financial services provider’s stock valued at $2,669,000 after purchasing an additional 27,328 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.
In related news, insider Kleber Santos sold 3,570 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $82.49, for a total value of $294,489.30. Following the completion of the transaction, the insider now owns 19,454 shares of the company’s stock, valued at approximately $1,604,760.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.43% of the company’s stock.
Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.22. Capital One Financial had a return on equity of 10.95% and a net margin of 18.47%. The business had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the previous year, the company posted $2.62 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Analysts forecast that Capital One Financial Corp. will post 11.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Monday, May 13th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.77%. The ex-dividend date is Friday, May 10th. Capital One Financial’s payout ratio is 14.71%.
COF has been the subject of several recent research reports. Bank of America restated a “buy” rating and issued a $106.00 price target (down previously from $120.00) on shares of Capital One Financial in a report on Wednesday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $98.00 target price on shares of Capital One Financial in a research report on Friday, May 3rd. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Monday, April 1st. CIBC reiterated a “market perform” rating on shares of Capital One Financial in a research note on Wednesday, January 23rd. Finally, Credit Suisse Group reduced their price objective on shares of Capital One Financial from $109.00 to $102.00 and set a “positive” rating for the company in a research report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $103.69.
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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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