Benin Management CORP Invests $213,000 in Capital One Financial Co. (NYSE:COF)

Benin Management CORP bought a new position in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,197 shares of the financial services provider’s stock, valued at approximately $213,000.

Other hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP lifted its holdings in Capital One Financial by 2,960.8% in the 2nd quarter. Marshall Wace LLP now owns 222,186 shares of the financial services provider’s stock worth $30,762,000 after buying an additional 214,927 shares in the last quarter. Insigneo Advisory Services LLC boosted its holdings in shares of Capital One Financial by 15.5% during the second quarter. Insigneo Advisory Services LLC now owns 2,588 shares of the financial services provider’s stock valued at $340,000 after acquiring an additional 347 shares during the period. Point72 Hong Kong Ltd bought a new position in Capital One Financial in the 2nd quarter worth about $816,000. AXA S.A. grew its holdings in Capital One Financial by 311.3% in the 2nd quarter. AXA S.A. now owns 21,517 shares of the financial services provider’s stock worth $2,979,000 after buying an additional 16,286 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Capital One Financial by 38.5% during the second quarter. AQR Capital Management LLC now owns 485,606 shares of the financial services provider’s stock valued at $66,441,000 after purchasing an additional 135,048 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $203.32 on Friday. The business’s 50-day simple moving average is $184.71 and its 200-day simple moving average is $161.96. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.00 and a current ratio of 0.98. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $207.24. The firm has a market cap of $77.51 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.29 and a beta of 1.46.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10,220,675.12 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.81 earnings per share. As a group, equities research analysts expect that Capital One Financial Co. will post 15.22 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio is currently 20.71%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on COF. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price for the company in a research report on Tuesday, January 14th. Wells Fargo & Company lifted their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Robert W. Baird upped their price target on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods raised their price objective on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $190.47.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the sale, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kara West sold 721 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,388,374.17. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,256 shares of company stock worth $2,462,487. Company insiders own 1.30% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.