Capital One Financial Corp. (COF) : Cornerstone Investment Partners reduced its stake in Capital One Financial Corp. by 5.91% during the most recent quarter end. The investment management company now holds a total of 1,755,952 shares of Capital One Financial Corp. which is valued at $132,679,733 after selling 110,251 shares in Capital One Financial Corp. , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Capital One Financial Corp. makes up approximately 4.20% of Cornerstone Investment Partners’s portfolio.
Capital One Financial Corp. opened for trading at $74.5 and hit $75.73 on the upside on Friday, eventually ending the session at $75.56, with a gain of 1.11% or 0.83 points. The heightened volatility saw the trading volume jump to 17,82,963 shares. Company has a market cap of $39,849 M.
Other Hedge Funds, Including , Firstmerit Bank N A Trustee boosted its stake in COF in the latest quarter, The investment management firm added 3,370 additional shares and now holds a total of 37,527 shares of Capital One Financial Corp. which is valued at $2,835,540. Capital One Financial Corp. makes up approx 0.23% of Firstmerit Bank N A Trustee’s portfolio.Gateway Investment Advisers reduced its stake in COF by selling 16,654 shares or 26.13% in the most recent quarter. The Hedge Fund company now holds 47,081 shares of COF which is valued at $3,557,440. Capital One Financial Corp. makes up approx 0.03% of Gateway Investment Advisers’s portfolio.Weybosset Research Management reduced its stake in COF by selling 831 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 58,031 shares of COF which is valued at $4,384,822. Capital One Financial Corp. makes up approx 3.59% of Weybosset Research Management’s portfolio.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in COF in the latest quarter, The investment management firm added 9,910 additional shares and now holds a total of 81,857 shares of Capital One Financial Corp. which is valued at $5,839,678. Capital One Financial Corp. makes up approx 0.27% of Livforsakringsbolaget Skandia Omsesidigt’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.. 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. was Downgraded by Guggenheim to ” Sell” on Apr 6, 2016. Capital One Financial Corp. was Upgraded by JP Morgan to ” Overweight” on Apr 1, 2016.
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.