Armstrong Shaw Associates Inc. CT Sells 59,367 Shares of Capital One Financial Corporation (NYSE:COF)

Armstrong Shaw Associates Inc. CT cut its position in Capital One Financial Corporation (NYSE:COF) by 37.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,248 shares of the financial services provider’s stock after selling 59,367 shares during the period. Capital One Financial Corporation accounts for 3.1% of Armstrong Shaw Associates Inc. CT’s investment portfolio, making the stock its 16th largest position. Armstrong Shaw Associates Inc. CT’s holdings in Capital One Financial Corporation were worth $8,200,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in COF. Quadrant Capital Group LLC boosted its position in shares of Capital One Financial Corporation by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,472 shares of the financial services provider’s stock worth $121,000 after buying an additional 36 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in Capital One Financial Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock worth $161,000 after buying an additional 11 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in Capital One Financial Corporation by 16.6% in the first quarter. SRS Capital Advisors Inc. now owns 2,289 shares of the financial services provider’s stock worth $198,000 after buying an additional 326 shares in the last quarter. Lowe Brockenbrough & Co. Inc. acquired a new stake in Capital One Financial Corporation during the first quarter worth approximately $207,000. Finally, Buckingham Asset Management LLC acquired a new stake in Capital One Financial Corporation during the first quarter worth approximately $212,000. 87.56% of the stock is currently owned by institutional investors.

Shares of Capital One Financial Corporation (COF) traded down 0.56% during trading on Friday, hitting $81.53. The stock had a trading volume of 2,415,346 shares. The stock’s 50 day moving average price is $83.77 and its 200-day moving average price is $84.40. The stock has a market cap of $39.46 billion, a P/E ratio of 11.89 and a beta of 1.20. Capital One Financial Corporation has a one year low of $68.08 and a one year high of $96.92.

Capital One Financial Corporation (NYSE:COF) last announced its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.06. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.68 billion. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. Capital One Financial Corporation’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.76 EPS. Analysts expect that Capital One Financial Corporation will post $7.54 earnings per share for the current fiscal year.

Capital One Financial Corporation declared that its board has authorized a stock buyback plan on Wednesday, June 28th that allows the company to buyback $1.85 billion in shares. This buyback authorization allows the financial services provider to buy up to 4.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. Capital One Financial Corporation’s dividend payout ratio is presently 23.43%.

TRADEMARK VIOLATION NOTICE: This report was originally reported by BNB Daily and is the sole property of of BNB Daily. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/armstrong-shaw-associates-inc-ct-sells-59367-shares-of-capital-one-financial-corporation-nysecof-updated-updated-updated.html.

A number of research firms have commented on COF. Wedbush cut Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $94.00 to $80.00 in a report on Wednesday, July 5th. Oppenheimer Holdings, Inc. cut their price objective on Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating for the company in a research report on Wednesday, April 26th. Compass Point initiated coverage on Capital One Financial Corporation in a research report on Thursday, August 10th. They set a “neutral” rating and a $90.00 price objective for the company. BMO Capital Markets restated a “buy” rating and set a $103.00 price objective on shares of Capital One Financial Corporation in a research report on Tuesday, June 20th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $106.00 price objective on shares of Capital One Financial Corporation in a research report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $92.76.

In related news, CEO Richard D. Fairbank sold 367,419 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total value of $31,972,801.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.73% of the company’s stock.

About Capital One Financial Corporation

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 & 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 companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply