Capital One Financial Corp. (COF) Holdings Trimmed by Bessemer Group Inc.

Bessemer Group Inc. lessened its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,602 shares of the financial services provider’s stock after selling 509 shares during the quarter. Bessemer Group Inc.’s holdings in Capital One Financial were worth $1,155,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in COF. Davis Selected Advisers increased its position in Capital One Financial by 43.7% during the third quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock worth $980,149,000 after buying an additional 3,519,332 shares during the last quarter. APG Asset Management N.V. grew its position in shares of Capital One Financial by 1,256.0% in the fourth quarter. APG Asset Management N.V. now owns 1,851,401 shares of the financial services provider’s stock valued at $153,533,000 after purchasing an additional 1,714,867 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Capital One Financial by 229.4% in the third quarter. Point72 Asset Management L.P. now owns 1,647,291 shares of the financial services provider’s stock valued at $139,460,000 after purchasing an additional 1,147,191 shares during the last quarter. Cornerstone Investment Partners LLC grew its position in shares of Capital One Financial by 87.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 2,045,312 shares of the financial services provider’s stock valued at $203,672,000 after purchasing an additional 956,815 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Capital One Financial by 289.9% in the fourth quarter. Bank of Montreal Can now owns 1,202,241 shares of the financial services provider’s stock valued at $119,721,000 after purchasing an additional 893,928 shares during the last quarter. 88.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Capital One Financial Corp. (NYSE COF) opened at $91.80 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 1.07. The stock has a market capitalization of $44,500.00, a P/E ratio of 24.35, a P/E/G ratio of 0.90 and a beta of 1.33. Capital One Financial Corp. has a 12 month low of $76.05 and a 12 month high of $106.50.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($0.23). The company had revenue of $7 billion during the quarter, compared to the consensus estimate of $7.12 billion. Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 earnings per share. research analysts predict that Capital One Financial Corp. will post 9.72 EPS for the current year.

Capital One Financial announced that its board has authorized a stock repurchase program on Tuesday, December 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 12th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, February 9th. Capital One Financial’s dividend payout ratio (DPR) is currently 42.44%.

In related news, Director Ann F. Hackett sold 6,361 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $102.00, for a total value of $648,822.00. Following the completion of the sale, the director now directly owns 64,372 shares in the company, valued at $6,565,944. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ann F. Hackett sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $98.00, for a total value of $686,000.00. Following the completion of the sale, the director now owns 65,011 shares of the company’s stock, valued at $6,371,078. The disclosure for this sale can be found here. Over the last quarter, insiders sold 954,948 shares of company stock valued at $97,433,019. 1.73% of the stock is currently owned by corporate insiders.

COF has been the topic of several research reports. Oppenheimer reaffirmed a “hold” rating on shares of Capital One Financial in a research report on Tuesday, October 24th. Wedbush raised Capital One Financial from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a research report on Wednesday, October 25th. Wells Fargo & Co upped their target price on Capital One Financial from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Bank of America upped their target price on Capital One Financial from $89.00 to $91.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, BMO Capital Markets upped their target price on Capital One Financial from $116.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $106.14.

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Capital One Financial Profile

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

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

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