Davenport Co buys $207,367,308 stake in Capital One Financial Corp. (COF)

Capital One Financial Corp. (COF) : Davenport Co scooped up 320,719 additional shares in Capital One Financial Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 2,864,585 shares of Capital One Financial Corp. which is valued at $207,367,308.Capital One Financial Corp. makes up approximately 3.22% of Davenport Co’s portfolio.

Capital One Financial Corp. opened for trading at $72.87 and hit $73.73 on the upside on Monday, eventually ending the session at $73.58, with a gain of 1.64% or 1.19 points. The heightened volatility saw the trading volume jump to 27,21,511 shares. Company has a market cap of $38,805 M.

Other Hedge Funds, Including , Westbourne Investment Advisors boosted its stake in COF in the latest quarter, The investment management firm added 780 additional shares and now holds a total of 29,315 shares of Capital One Financial Corp. which is valued at $2,122,113. Capital One Financial Corp. makes up approx 2.03% of Westbourne Investment Advisors’s portfolio.Bridges Investment Management Inc reduced its stake in COF by selling 48 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 80,608 shares of COF which is valued at $6,090,740. Capital One Financial Corp. makes up approx 1.07% of Bridges Investment Management Inc’s portfolio.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. Gradient Investments sold out all of its stake in COF during the most recent quarter. The investment firm sold 53 shares of COF which is valued $3,781.Tufton Capital Management reduced its stake in COF by selling 366 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 96,002 shares of COF which is valued at $6,848,783. Capital One Financial Corp. makes up approx 1.70% of Tufton Capital Management’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 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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