Capital One Financial Corp. (COF) : Shikiar Asset Management Inc reduced its stake in Capital One Financial Corp. by 11.59% during the most recent quarter end. The investment management company now holds a total of 3,050 shares of Capital One Financial Corp. which is valued at $230,458 after selling 400 shares in Capital One Financial Corp. , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Capital One Financial Corp. makes up approximately 0.10% of Shikiar Asset Management Inc’s portfolio.
Capital One Financial Corp. closed down -1.65 points or -2.17% at $74.31 with 63,88,657 shares getting traded on Wednesday. Post opening the session at $73.13, the shares hit an intraday low of $72.82 and an intraday high of $74.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in COF during the most recent quarter. The investment firm sold 759,551 shares of COF which is valued $57,391,674.Highland Capital Management reduced its stake in COF by selling 540 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 108,589 shares of COF which is valued at $7,746,739. Capital One Financial Corp. makes up approx 0.66% of Highland Capital Management’s portfolio.Newman Dignan Sheerar reduced its stake in COF by selling 1,749 shares or 9.56% in the most recent quarter. The Hedge Fund company now holds 16,542 shares of COF which is valued at $1,180,106. Capital One Financial Corp. makes up approx 0.85% of Newman Dignan Sheerar’s portfolio.
On the company’s financial health, Capital One Financial Corp. reported $1.84 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $1.91. The company had revenue of $6220.00 million for the quarter, compared to analysts expectations of $6151.16 million. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 EPS.
Many Wall Street Analysts have commented on Capital One Financial Corp.. Capital One Financial Corp. was Downgraded by BofA/Merrill to ” Underperform” on Apr 27, 2016. Capital One Financial Corp. was Upgraded by Sandler O’Neill to ” Buy” on Apr 27, 2016. Shares were Reiterated by Deutsche Bank on Apr 8, 2016 to “Hold” and Lowered the Price Target to $ 78 from a previous price target of $79 .
Capital One Financial Corp is a diversified financial services holding company. The Company and its subsidiaries offer a range of financial products and services to consumers small businesses and commercial clients through branches the Internet and other distribution channels. In addition to bank lending treasury management and depository services the Company offers credit and debit card products auto loans and mortgage banking in markets across the United States. The Company operates three primary business segments: Credit Card Consumer Banking and Commercial Banking. The Companys principal subsidiaries include the following: Capital One Bank (USA) National Association (COBNA) which offers credit and debit card products other lending products and deposit products and Capital One National Association (CONA) which offers a range of banking products and financial services to consumers small businesses and commercial clients.