Timber Creek Capital Management LLC increased its position in Capital One Financial Corp. (NYSE:COF) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,500 shares of the financial services provider’s stock after purchasing an additional 520 shares during the period. Capital One Financial makes up 3.2% of Timber Creek Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Timber Creek Capital Management LLC’s holdings in Capital One Financial were worth $5,128,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of COF. BB&T Investment Services Inc. purchased a new stake in Capital One Financial in the 2nd quarter valued at $108,000. Cerebellum GP LLC purchased a new stake in Capital One Financial in the 4th quarter valued at $127,000. Archford Capital Strategies LLC raised its position in Capital One Financial by 8,078.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 4,907 shares of the financial services provider’s stock valued at $140,000 after buying an additional 4,847 shares during the last quarter. Westside Investment Management Inc. raised its position in Capital One Financial by 48.0% in the 2nd quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock valued at $143,000 after buying an additional 566 shares during the last quarter. Finally, Camelot Portfolios LLC purchased a new stake in Capital One Financial in the 3rd quarter valued at $201,000. Institutional investors own 89.16% of the company’s stock.
Shares of Capital One Financial Corp. (NYSE:COF) traded down $0.02 on Thursday, hitting $97.36. The stock had a trading volume of 554,928 shares, compared to its average volume of 2,548,033. The company has a market cap of $47,820.00, a P/E ratio of 26.17, a PEG ratio of 0.87 and a beta of 1.33. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. Capital One Financial Corp. has a 12-month low of $76.05 and a 12-month high of $106.50.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, February 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.64%. Capital One Financial’s dividend payout ratio is 42.44%.
Capital One Financial declared that its Board of Directors has approved a share buyback program on Tuesday, December 26th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of equities research analysts recently commented on COF shares. Piper Jaffray Companies raised Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 price target for the company in a research report on Monday, December 18th. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Monday, December 18th. Barclays increased their price target on Capital One Financial from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Wedbush set a $95.00 price target on Capital One Financial and gave the company a “hold” rating in a research report on Monday, December 11th. Finally, Zacks Investment Research raised Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research report on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $106.14.
In related news, CEO Richard D. Fairbank sold 485,202 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $105.09, for a total transaction of $50,989,878.18. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Yajnik Sanjiv sold 156,278 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $100.00, for a total value of $15,627,800.00. Following the transaction, the insider now directly owns 199,216 shares in the company, valued at $19,921,600. The disclosure for this sale can be found here. Over the last three months, insiders have sold 954,948 shares of company stock worth $97,433,019. 1.73% of the stock is currently owned by insiders.
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Capital One Financial Company 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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