Norinchukin Bank The Has $3.13 Million Holdings in Capital One Financial Corp. (COF)
Norinchukin Bank The lessened its stake in Capital One Financial Corp. (NYSE:COF) by 27.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,403 shares of the financial services provider’s stock after selling 11,867 shares during the quarter. Norinchukin Bank The’s holdings in Capital One Financial were worth $3,127,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of COF. Cerebellum GP LLC acquired a new stake in Capital One Financial during the fourth quarter worth $127,000. SeaCrest Wealth Management LLC acquired a new stake in Capital One Financial during the fourth quarter worth $141,000. Beach Investment Counsel Inc. PA acquired a new stake in Capital One Financial during the fourth quarter worth $209,000. Lowe Brockenbrough & Co. Inc. acquired a new stake in Capital One Financial during the fourth quarter worth $213,000. Finally, Abner Herrman & Brock LLC acquired a new stake in Capital One Financial during the fourth quarter worth $219,000. 90.09% of the stock is owned by hedge funds and other institutional investors.
In other Capital One Financial news, insider Yajnik Sanjiv sold 156,278 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $100.00, for a total value of $15,627,800.00. Following the sale, the insider now directly owns 199,216 shares in the company, valued at $19,921,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John G. Finneran, Jr. sold 47,729 shares of Capital One Financial stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $99.23, for a total value of $4,736,148.67. Following the sale, the insider now owns 144,280 shares in the company, valued at approximately $14,316,904.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 799,155 shares of company stock worth $82,705,984. 1.73% of the stock is owned by insiders.
Shares of Capital One Financial Corp. (NYSE COF) opened at $98.05 on Friday. Capital One Financial Corp. has a 52 week low of $76.05 and a 52 week high of $106.50. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $47,680.00, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34.
Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.23). Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. The business had revenue of $7 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. equities research analysts predict that Capital One Financial Corp. will post 9.72 EPS for the current year.
Capital One Financial announced that its Board of Directors has authorized a share buyback plan on Tuesday, December 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Friday, February 9th. Capital One Financial’s dividend payout ratio is presently 21.45%.
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About Capital One Financial
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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