Newport Trust Co Buys 226,254 Shares of Capital One Financial Corp. (COF)

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Newport Trust Co raised its stake in Capital One Financial Corp. (NYSE:COF) by 7.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,371,499 shares of the financial services provider’s stock after buying an additional 226,254 shares during the quarter. Capital One Financial makes up about 0.8% of Newport Trust Co’s investment portfolio, making the stock its 16th largest holding. Newport Trust Co owned about 0.71% of Capital One Financial worth $254,852,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Cerebellum GP LLC increased its holdings in shares of Capital One Financial by 6.8% during the fourth quarter. Cerebellum GP LLC now owns 2,037 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 130 shares during the period. Sky Investment Group LLC increased its holdings in shares of Capital One Financial by 4.6% during the fourth quarter. Sky Investment Group LLC now owns 3,746 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 166 shares during the period. Reliance Trust Co. of Delaware increased its holdings in shares of Capital One Financial by 2.2% during the fourth quarter. Reliance Trust Co. of Delaware now owns 8,087 shares of the financial services provider’s stock valued at $611,000 after purchasing an additional 177 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Capital One Financial by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 25,475 shares of the financial services provider’s stock valued at $1,926,000 after purchasing an additional 217 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in shares of Capital One Financial by 13.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,818 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 219 shares during the period. Institutional investors own 88.09% of the company’s stock.

NYSE:COF opened at $77.83 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.13. Capital One Financial Corp. has a 52-week low of $69.90 and a 52-week high of $101.67. The stock has a market cap of $37.43 billion, a P/E ratio of 7.15, a PEG ratio of 0.86 and a beta of 1.26.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $1.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.41 by ($0.54). Capital One Financial had a net margin of 18.58% and a return on equity of 11.05%. The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the business earned $1.59 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts anticipate that Capital One Financial Corp. will post 11.11 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Monday, February 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. Capital One Financial’s dividend payout ratio (DPR) is 14.71%.

A number of research analysts have recently commented on COF shares. ValuEngine lowered Capital One Financial from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. Oppenheimer set a $101.00 target price on Capital One Financial and gave the stock a “buy” rating in a report on Tuesday, October 23rd. BMO Capital Markets lifted their target price on Capital One Financial from $135.00 to $146.00 and gave the stock an “outperform” rating in a report on Wednesday, October 24th. JPMorgan Chase & Co. lowered their target price on Capital One Financial from $113.00 to $107.00 and set an “overweight” rating on the stock in a report on Wednesday, October 24th. Finally, Nomura lowered their target price on Capital One Financial from $109.00 to $98.00 and set a “neutral” rating on the stock in a report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $104.31.

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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.

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

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