Alps Advisors Inc. Has $388,000 Stake in Capital One Financial Corp. (COF)
Alps Advisors Inc. lifted its stake in shares of Capital One Financial Corp. (NYSE:COF) by 51.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,901 shares of the financial services provider’s stock after buying an additional 1,322 shares during the quarter. Alps Advisors Inc.’s holdings in Capital One Financial were worth $388,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of COF. Cerebellum GP LLC purchased a new stake in Capital One Financial in the 4th quarter valued at about $127,000. SeaCrest Wealth Management LLC purchased a new stake in Capital One Financial in the 4th quarter valued at about $141,000. Beach Investment Counsel Inc. PA purchased a new stake in Capital One Financial in the 4th quarter valued at about $209,000. Lowe Brockenbrough & Co. Inc. purchased a new stake in Capital One Financial in the 4th quarter valued at about $213,000. Finally, Abner Herrman & Brock LLC purchased a new stake in Capital One Financial in the 4th quarter valued at about $219,000. Institutional investors and hedge funds own 89.16% of the company’s stock.
Capital One Financial Corp. (COF) opened at $95.31 on Wednesday. Capital One Financial Corp. has a 52-week low of $76.05 and a 52-week high of $106.50. The company has a market capitalization of $46,200.00, a PE ratio of 25.28, a PEG ratio of 0.84 and a beta of 1.33. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.08.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 12th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, February 9th. Capital One Financial’s dividend payout ratio is presently 42.44%.
Capital One Financial declared that its Board of Directors has initiated a share buyback plan on Tuesday, December 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
Several analysts recently issued reports on COF shares. Oppenheimer restated a “hold” rating on shares of Capital One Financial in a report on Tuesday, October 24th. Wedbush upgraded shares of Capital One Financial from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a report on Wednesday, October 25th. Wells Fargo & Co boosted their price objective on shares of Capital One Financial from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Bank of America boosted their price objective on shares of Capital One Financial from $89.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, BMO Capital Markets boosted their price objective on shares of Capital One Financial from $116.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $106.14.
In related news, insider John G. Finneran, Jr. sold 67,892 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $105.03, for a total value of $7,130,696.76. Following the completion of the transaction, the insider now directly owns 96,551 shares of the company’s stock, valued at $10,140,751.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard D. Fairbank sold 485,202 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were 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. Over the last three months, insiders have sold 954,948 shares of company stock valued at $97,433,019. Corporate insiders own 1.73% of the company’s stock.
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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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