Bronson Point Management LLC purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 55,000 shares of the financial services provider’s stock, valued at approximately $4,766,000. Capital One Financial Corporation makes up about 1.3% of Bronson Point Management LLC’s portfolio, making the stock its 29th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Dodge & Cox bought a new position in Capital One Financial Corporation during the fourth quarter valued at about $3,944,247,000. Vanguard Group Inc. raised its position in Capital One Financial Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 31,454,174 shares of the financial services provider’s stock valued at $2,725,818,000 after buying an additional 963,101 shares during the last quarter. BlackRock Inc. raised its position in Capital One Financial Corporation by 3,066.1% in the first quarter. BlackRock Inc. now owns 31,294,690 shares of the financial services provider’s stock valued at $2,711,996,000 after buying an additional 30,306,250 shares during the last quarter. Bank of New York Mellon Corp raised its position in Capital One Financial Corporation by 10.4% in the first quarter. Bank of New York Mellon Corp now owns 6,411,412 shares of the financial services provider’s stock valued at $555,613,000 after buying an additional 605,038 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Capital One Financial Corporation by 2.5% in the first quarter. Geode Capital Management LLC now owns 4,684,142 shares of the financial services provider’s stock valued at $405,344,000 after buying an additional 113,839 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Corporation (NYSE COF) traded down 0.84% during mid-day trading on Thursday, reaching $84.59. The company’s stock had a trading volume of 2,503,748 shares. The company has a market capitalization of $40.92 billion, a price-to-earnings ratio of 12.84 and a beta of 1.20. The stock has a 50-day moving average price of $82.67 and a 200-day moving average price of $84.69. Capital One Financial Corporation has a one year low of $66.00 and a one year high of $96.92.

Capital One Financial Corporation (NYSE:COF) last posted its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts forecast that Capital One Financial Corporation will post $7.53 EPS for the current year.

Capital One Financial Corporation announced that its Board of Directors has approved a share repurchase program on Wednesday, June 28th that authorizes the company to buyback $1.85 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, August 3rd. Capital One Financial Corporation’s payout ratio is 23.43%.

ILLEGAL ACTIVITY WARNING: “Bronson Point Management LLC Buys Shares of 55,000 Capital One Financial Corporation (NYSE:COF)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/03/bronson-point-management-llc-acquires-shares-of-55000-capital-one-financial-corporation-nysecof-updated-updated-updated.html.

A number of brokerages have recently weighed in on COF. Wedbush lowered Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $94.00 to $80.00 in a research report on Wednesday, July 5th. Instinet reiterated a “buy” rating and issued a $101.00 price objective (down from $105.00) on shares of Capital One Financial Corporation in a research report on Saturday, April 29th. Deutsche Bank AG upgraded Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Monday, May 1st. Credit Suisse Group reiterated a “hold” rating and issued a $99.00 price objective on shares of Capital One Financial Corporation in a research report on Friday, April 7th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $85.00 price target (down from $88.00) on shares of Capital One Financial Corporation in a research report on Sunday, May 21st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $92.90.

In other Capital One Financial Corporation news, insider Michael Slocum sold 6,276 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $82.16, for a total transaction of $515,636.16. Following the sale, the insider now owns 61,905 shares of the company’s stock, valued at approximately $5,086,114.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard D. Fairbank sold 367,419 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total transaction of $31,972,801.38. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by corporate insiders.

Capital One Financial Corporation Company 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.

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

Receive News & Stock Ratings for Capital One Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial Corporation and related stocks with our FREE daily email newsletter.