Cornercap Investment Counsel Inc. Reduces Holdings in Capital One Financial Corp. (COF)
Cornercap Investment Counsel Inc. decreased its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 84,682 shares of the financial services provider’s stock after selling 2,407 shares during the period. Capital One Financial makes up approximately 1.2% of Cornercap Investment Counsel Inc.’s investment portfolio, making the stock its 2nd largest holding. Cornercap Investment Counsel Inc.’s holdings in Capital One Financial were worth $8,433,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisor Partners LLC grew its holdings in shares of Capital One Financial by 5.3% in the 4th quarter. Advisor Partners LLC now owns 9,885 shares of the financial services provider’s stock worth $1,032,000 after acquiring an additional 495 shares during the period. E&G Advisors LP grew its holdings in shares of Capital One Financial by 13.4% in the 4th quarter. E&G Advisors LP now owns 4,244 shares of the financial services provider’s stock worth $423,000 after acquiring an additional 500 shares during the period. Timber Creek Capital Management LLC grew its holdings in shares of Capital One Financial by 1.0% in the 4th quarter. Timber Creek Capital Management LLC now owns 51,500 shares of the financial services provider’s stock worth $5,128,000 after acquiring an additional 520 shares during the period. Itau Unibanco Holding S.A. grew its holdings in shares of Capital One Financial by 8.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 7,991 shares of the financial services provider’s stock worth $795,000 after acquiring an additional 655 shares during the period. Finally, Virtu Financial LLC grew its holdings in shares of Capital One Financial by 9.9% in the 4th quarter. Virtu Financial LLC now owns 7,543 shares of the financial services provider’s stock worth $751,000 after acquiring an additional 681 shares during the period. Institutional investors own 89.15% of the company’s stock.
In other Capital One Financial news, insider Frank G. LapradeIii sold 83,046 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $95.00, for a total transaction of $7,889,370.00. Following the transaction, the insider now owns 97,346 shares of the company’s stock, valued at approximately $9,247,870. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard D. Fairbank sold 485,202 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $105.09, for a total value of $50,989,878.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 882,201 shares of company stock worth $90,595,354. Corporate insiders own 1.73% of the company’s stock.
Capital One Financial Corp. (COF) opened at $100.79 on Friday. Capital One Financial Corp. has a 52 week low of $76.05 and a 52 week high of $106.50. The firm has a market capitalization of $49,012.87, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. 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 issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.23). Capital One Financial had a return on equity of 8.36% and a net margin of 6.89%. The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the company earned $1.45 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. sell-side analysts expect that Capital One Financial Corp. will post 9.72 earnings per share for the current year.
Capital One Financial declared that its Board of Directors has authorized a share repurchase program on Tuesday, December 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Friday, February 9th. Capital One Financial’s dividend payout ratio is presently 46.38%.
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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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