Capital One Financial Corporation (COF) Stake Decreased by BB&T Corp

Capital One Financial Corporation (COF) Stake Decreased by BB&T Corp

BB&T Corp decreased its stake in Capital One Financial Corporation (NYSE:COF) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,382 shares of the financial services provider’s stock after selling 2,390 shares during the period. BB&T Corp’s holdings in Capital One Financial Corporation were worth $6,564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COF. Banced Corp bought a new position in shares of Capital One Financial Corporation during the second quarter worth approximately $229,000. Nisa Investment Advisors LLC raised its position in shares of Capital One Financial Corporation by 6.2% in the second quarter. Nisa Investment Advisors LLC now owns 202,382 shares of the financial services provider’s stock worth $12,853,000 after buying an additional 11,755 shares during the period. LS Investment Advisors LLC raised its position in shares of Capital One Financial Corporation by 5.5% in the second quarter. LS Investment Advisors LLC now owns 18,185 shares of the financial services provider’s stock worth $1,155,000 after buying an additional 954 shares during the period. First National Trust Co. raised its position in shares of Capital One Financial Corporation by 23.7% in the second quarter. First National Trust Co. now owns 21,219 shares of the financial services provider’s stock worth $1,347,000 after buying an additional 4,071 shares during the period. Finally, Advisory Services Network LLC raised its position in shares of Capital One Financial Corporation by 0.3% in the second quarter. Advisory Services Network LLC now owns 8,425 shares of the financial services provider’s stock worth $535,000 after buying an additional 22 shares during the period. Institutional investors own 90.77% of the company’s stock.

Shares of Capital One Financial Corporation (NYSE:COF) opened at 89.15 on Friday. The firm has a 50-day moving average of $88.77 and a 200-day moving average of $76.88. The firm has a market capitalization of $43.10 billion, a PE ratio of 12.93 and a beta of 1.26. Capital One Financial Corporation has a 12-month low of $58.03 and a 12-month high of $91.64.

Capital One Financial Corporation (NYSE:COF) last announced its quarterly earnings data on Tuesday, January 24th. The financial services provider reported $1.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.61 by $0.16. The business earned $6.57 billion during the quarter, compared to the consensus estimate of $6.66 billion. Capital One Financial Corporation had a return on equity of 8.06% and a net margin of 13.63%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.58 earnings per share. Equities analysts anticipate that Capital One Financial Corporation will post $7.91 earnings per share for the current year.

COF has been the topic of a number of analyst reports. Wedbush restated a “neutral” rating and set a $90.00 target price on shares of Capital One Financial Corporation in a research report on Saturday. Rafferty Capital Markets upgraded shares of Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Thursday. Citigroup Inc. restated a “focus list” rating on shares of Capital One Financial Corporation in a research report on Monday, December 19th. Guggenheim restated a “neutral” rating on shares of Capital One Financial Corporation in a research report on Saturday. Finally, Oppenheimer Holdings, Inc. set a $84.00 target price on shares of Capital One Financial Corporation and gave the stock a “sell” rating in a research report on Tuesday, January 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $83.66.

In other news, CEO Richard D. Fairbank sold 873,024 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $77.63, for a total value of $67,772,853.12. Following the completion of the sale, the chief executive officer now directly owns 2,809,767 shares in the company, valued at approximately $218,122,212.21. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard D. Fairbank sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $75.12, for a total transaction of $323,016.00. Following the completion of the sale, the chief executive officer now owns 2,597,316 shares of the company’s stock, valued at $195,110,377.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 913,399 shares of company stock valued at $71,356,718. Company insiders own 1.94% of the company’s stock.

Capital One Financial Corporation Company Profile

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF).

Related posts

Leave a Comment