Rampart Investment Management Company LLC lessened its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 23.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,272 shares of the financial services provider’s stock after selling 8,580 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Capital One Financial were worth $2,506,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in COF. Bank of Montreal Can bought a new stake in Capital One Financial during the 2nd quarter valued at $162,373,000. JPMorgan Chase & Co. grew its stake in shares of Capital One Financial by 10.4% in the 1st quarter. JPMorgan Chase & Co. now owns 18,151,777 shares of the financial services provider’s stock worth $1,739,303,000 after acquiring an additional 1,712,501 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Capital One Financial in the 1st quarter worth $66,251,000. TD Asset Management Inc. grew its stake in shares of Capital One Financial by 339.9% in the 2nd quarter. TD Asset Management Inc. now owns 886,903 shares of the financial services provider’s stock worth $81,506,000 after acquiring an additional 685,275 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Capital One Financial by 2.3% in the 1st quarter. BlackRock Inc. now owns 29,763,273 shares of the financial services provider’s stock worth $2,851,916,000 after acquiring an additional 661,251 shares in the last quarter. Institutional investors and hedge funds own 88.28% of the company’s stock.
In other news, insider Timothy P. Golden sold 4,073 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $95.85, for a total value of $390,397.05. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bradford H. Warner sold 4,229 shares of the stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $92.55, for a total transaction of $391,393.95. Following the completion of the sale, the director now directly owns 56,221 shares in the company, valued at $5,203,253.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 287,742 shares of company stock worth $28,560,017. Insiders own 1.73% of the company’s stock.
Several research firms have recently issued reports on COF. Citigroup reduced their target price on shares of Capital One Financial from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, June 18th. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Tuesday, July 24th. UBS Group upgraded shares of Capital One Financial from a “market perform” rating to an “outperform” rating in a research note on Monday, July 9th. BMO Capital Markets upped their target price on shares of Capital One Financial from $126.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, July 20th. Finally, Oppenheimer upgraded shares of Capital One Financial from a “market perform” rating to an “outperform” rating and set a $113.00 target price for the company in a research note on Monday, July 9th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $110.90.
NYSE COF opened at $98.15 on Friday. The stock has a market cap of $47.77 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29. Capital One Financial Corp. has a 52 week low of $76.98 and a 52 week high of $106.50. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.06.
Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, July 19th. The financial services provider reported $3.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.59. The business had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.95 billion. Capital One Financial had a net margin of 10.73% and a return on equity of 10.44%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 earnings per share. analysts anticipate that Capital One Financial Corp. will post 11.05 earnings per share for the current fiscal year.
The company 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 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, August 3rd. Capital One Financial’s payout ratio is 20.54%.
About Capital One Financial
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.
Further Reading: Trading Strategy Examples and Plans
Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corp. (NYSE:COF).
Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.