Colony Group LLC Has $9.14 Million Position in Capital One Financial Corporation (COF)

Colony Group LLC increased its holdings in Capital One Financial Corporation (NYSE:COF) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,632 shares of the financial services provider’s stock after purchasing an additional 5,347 shares during the quarter. Colony Group LLC’s holdings in Capital One Financial Corporation were worth $9,140,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Koch Industries Inc. bought a new stake in shares of Capital One Financial Corporation in the second quarter worth $432,000. First Fiduciary Investment Counsel Inc. bought a new stake in shares of Capital One Financial Corporation in the second quarter worth $11,585,000. Polaris Capital Management LLC grew its stake in shares of Capital One Financial Corporation by 1.4% in the second quarter. Polaris Capital Management LLC now owns 362,334 shares of the financial services provider’s stock worth $29,936,000 after purchasing an additional 5,100 shares during the last quarter. Piedmont Investment Advisors LLC grew its stake in shares of Capital One Financial Corporation by 0.8% in the second quarter. Piedmont Investment Advisors LLC now owns 102,829 shares of the financial services provider’s stock worth $8,496,000 after purchasing an additional 808 shares during the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Capital One Financial Corporation by 9.2% in the second quarter. Sterling Capital Management LLC now owns 790,402 shares of the financial services provider’s stock worth $65,303,000 after purchasing an additional 66,493 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the stock. Wedbush lowered shares of Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $94.00 to $80.00 in a report on Wednesday, July 5th. Zacks Investment Research lowered shares of Capital One Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Oppenheimer Holdings, Inc. upgraded shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating and set a $82.00 target price on the stock in a report on Friday, July 21st. BMO Capital Markets restated a “buy” rating and issued a $116.00 target price on shares of Capital One Financial Corporation in a report on Friday, October 6th. Finally, Morgan Stanley restated an “overweight” rating and issued a $97.00 target price (down previously from $100.00) on shares of Capital One Financial Corporation in a report on Thursday, July 6th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Capital One Financial Corporation presently has a consensus rating of “Hold” and a consensus price target of $93.36.

Capital One Financial Corporation (NYSE COF) traded up 1.13% during mid-day trading on Friday, reaching $85.55. 1,052,510 shares of the company’s stock traded hands. The stock has a 50 day moving average of $82.25 and a 200 day moving average of $82.26. Capital One Financial Corporation has a 12-month low of $71.23 and a 12-month high of $96.92. The company has a market cap of $41.41 billion, a P/E ratio of 12.47 and a beta of 1.23.

Capital One Financial Corporation (NYSE:COF) last released its earnings results on Thursday, July 20th. The financial services provider reported $1.96 EPS for the quarter, topping the 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 firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the firm earned $1.76 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts predict that Capital One Financial Corporation will post $7.50 earnings per share for the current fiscal year.

Capital One Financial Corporation declared that its board has approved a stock repurchase program on Wednesday, June 28th that authorizes the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

In other news, CEO Richard D. Fairbank sold 367,419 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total value of $31,972,801.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.73% of the stock is currently owned by insiders.

TRADEMARK VIOLATION NOTICE: “Colony Group LLC Has $9.14 Million Position in Capital One Financial Corporation (COF)” was originally published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.truebluetribune.com/2017/10/13/colony-group-llc-has-9-14-million-position-in-capital-one-financial-corporation-cof.html.

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