Somerset Trust Co Lowers stake in Capital One Financial Corp. (COF)

Capital One Financial Corp. (COF) : Somerset Trust Co reduced its stake in Capital One Financial Corp. by 0.36% during the most recent quarter end. The investment management company now holds a total of 30,979 shares of Capital One Financial Corp. which is valued at $2,210,042 after selling 112 shares in Capital One Financial Corp. , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Capital One Financial Corp. makes up approximately 1.45% of Somerset Trust Co’s portfolio.

Capital One Financial Corp. opened for trading at $70.89 and hit $71.9 on the upside on Monday, eventually ending the session at $71.66, with a gain of 0.45% or 0.32 points. The heightened volatility saw the trading volume jump to 17,65,395 shares. Company has a market cap of $37,792 M.

Other Hedge Funds, Including , State Of Alaska Department Of Revenue added COF to its portfolio by purchasing 4,440 company shares during the most recent quarter which is valued at $316,750. Capital One Financial Corp. makes up approx 0.03% of State Of Alaska Department Of Revenue’s portfolio.Triangle Securities Wealth Management reduced its stake in COF by selling 200 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 11,806 shares of COF which is valued at $793,363. Capital One Financial Corp. makes up approx 0.52% of Triangle Securities Wealth Management’s portfolio.Trust Co Of Virginia Va reduced its stake in COF by selling 750 shares or 13.18% in the most recent quarter. The Hedge Fund company now holds 4,942 shares of COF which is valued at $332,102. Capital One Financial Corp. makes up approx 0.06% of Trust Co Of Virginia Va’s portfolio.Chevy Chase Trust Holdings boosted its stake in COF in the latest quarter, The investment management firm added 6,502 additional shares and now holds a total of 452,430 shares of Capital One Financial Corp. which is valued at $30,403,296. Capital One Financial Corp. makes up approx 0.18% of Chevy Chase Trust Holdings’s portfolio.

On the company’s financial health, Capital One Financial Corp. reported $1.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $1.62. The company had revenue of $6200.00 million for the quarter, compared to analysts expectations of $6076.68 million. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 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 Company’s 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.

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