Diamond Hill Capital Management Inc buys $340.5 Million stake in Capital One Financial Corp. (COF)

Capital One Financial Corp. (COF) : Diamond Hill Capital Management Inc scooped up 1,071,956 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 May 12, 2016. The investment management firm now holds a total of 4,956,141 shares of Capital One Financial Corp. which is valued at $340.5 Million.Capital One Financial Corp. makes up approximately 2.19% of Diamond Hill Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Guyasuta Investment Advisors Inc reduced its stake in COF by selling 1,070 shares or 14.23% in the most recent quarter. The Hedge Fund company now holds 6,450 shares of COF which is valued at $443,180. Capital One Financial Corp. makes up approx 0.06% of Guyasuta Investment Advisors Inc’s portfolio. Janney Capital Management sold out all of its stake in COF during the most recent quarter. The investment firm sold 3,200 shares of COF which is valued $219,872.Formidable Asset Management reduced its stake in COF by selling 323 shares or 39.25% in the most recent quarter. The Hedge Fund company now holds 500 shares of COF which is valued at $34,355. Capital One Financial Corp. makes up approx 0.02% of Formidable Asset Management’s portfolio.Rehmann Capital Advisory Group reduced its stake in COF by selling 73 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 8,330 shares of COF which is valued at $572,354. Capital One Financial Corp. makes up approx 0.11% of Rehmann Capital Advisory Group’s portfolio.Rhumbline Advisers boosted its stake in COF in the latest quarter, The investment management firm added 30,713 additional shares and now holds a total of 767,052 shares of Capital One Financial Corp. which is valued at $53.2 Million. Capital One Financial Corp. makes up approx 0.17% of Rhumbline Advisers’s portfolio.

Capital One Financial Corp. opened for trading at $70.76 and hit $71.57 on the upside on Friday, eventually ending the session at $70.93, with a gain of 0.57% or 0.4 points. The heightened volatility saw the trading volume jump to 20,53,038 shares. Company has a market cap of $36,323 M.

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 Upgraded by Guggenheim to ” Neutral” on May 9, 2016. 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.

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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