Profund Advisors LLC lifted its holdings in Capital One Financial Corp. (NYSE:COF) by 30.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,887 shares of the financial services provider’s stock after acquiring an additional 3,515 shares during the quarter. Profund Advisors LLC’s holdings in Capital One Financial were worth $1,482,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerebellum GP LLC purchased a new position in Capital One Financial in the fourth quarter valued at approximately $127,000. Delpha Capital Management LLC purchased a new position in Capital One Financial in the fourth quarter valued at approximately $134,000. SeaCrest Wealth Management LLC purchased a new position in Capital One Financial in the fourth quarter valued at approximately $141,000. Camelot Portfolios LLC purchased a new position in Capital One Financial in the third quarter valued at approximately $201,000. Finally, Gould Asset Management LLC CA purchased a new position in Capital One Financial in the third quarter valued at approximately $203,000. Hedge funds and other institutional investors own 90.09% of the company’s stock.
Several equities analysts recently commented on the company. Credit Suisse Group reiterated a “neutral” rating on shares of Capital One Financial in a research note on Wednesday, December 27th. Royal Bank of Canada reiterated a “buy” rating and issued a $110.00 price objective on shares of Capital One Financial in a research note on Wednesday, January 24th. Piper Jaffray Companies upgraded Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 price objective on the stock in a research note on Monday, December 18th. Wells Fargo & Co reiterated an “outperform” rating and issued a $117.00 price objective (up previously from $112.00) on shares of Capital One Financial in a research note on Wednesday, January 24th. Finally, Morgan Stanley upped their price objective on Capital One Financial from $110.00 to $111.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $107.00.
Shares of Capital One Financial Corp. (COF) opened at $100.79 on Monday. The stock has a market capitalization of $49,012.88, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. Capital One Financial Corp. has a 12-month low of $76.05 and a 12-month high of $106.50. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23.
Capital One Financial (NYSE:COF) last posted its 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 for the quarter, compared to analysts’ expectations of $7.12 billion. Capital One Financial had a return on equity of 8.36% and a net margin of 6.89%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 EPS. sell-side analysts forecast that Capital One Financial Corp. will post 9.72 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were issued a $0.40 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.59%. Capital One Financial’s payout ratio is currently 46.38%.
Capital One Financial declared that its board has authorized a stock repurchase program on Tuesday, December 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
WARNING: This story was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://sportsperspectives.com/2018/03/12/capital-one-financial-corp-cof-shares-bought-by-profund-advisors-llc.html.
About Capital One Financial
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.
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.