Aigen Investment Management LP purchased a new position in Capital One Financial Co. (NYSE:COF - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,453 shares of the financial services provider's stock, valued at approximately $517,000.
Other institutional investors have also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Capital One Financial by 21.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider's stock valued at $4,093,000 after buying an additional 4,840 shares in the last quarter. SageView Advisory Group LLC bought a new position in shares of Capital One Financial in the first quarter worth about $313,000. Kingsview Wealth Management LLC grew its position in shares of Capital One Financial by 4.6% during the first quarter. Kingsview Wealth Management LLC now owns 17,441 shares of the financial services provider's stock worth $2,597,000 after purchasing an additional 764 shares in the last quarter. Blair William & Co. IL raised its stake in Capital One Financial by 1.2% during the 1st quarter. Blair William & Co. IL now owns 21,612 shares of the financial services provider's stock valued at $3,218,000 after purchasing an additional 259 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its holdings in Capital One Financial by 5.6% in the 1st quarter. Orion Portfolio Solutions LLC now owns 14,841 shares of the financial services provider's stock worth $2,210,000 after purchasing an additional 792 shares in the last quarter. Institutional investors own 89.84% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of Capital One Financial from $154.00 to $158.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Royal Bank of Canada lifted their price target on shares of Capital One Financial from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the company a "neutral" rating in a report on Monday, October 7th. Evercore ISI raised their price objective on Capital One Financial from $163.00 to $184.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Finally, Citigroup started coverage on Capital One Financial in a research report on Friday, September 20th. They issued a "buy" rating and a $190.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $156.35.
Read Our Latest Stock Report on Capital One Financial
Capital One Financial Trading Up 1.2 %
NYSE COF traded up $2.12 during trading on Friday, hitting $185.12. The stock had a trading volume of 4,122,379 shares, compared to its average volume of 2,575,321. Capital One Financial Co. has a one year low of $104.21 and a one year high of $198.30. The stock has a 50 day simple moving average of $156.81 and a 200 day simple moving average of $146.06. The stock has a market capitalization of $70.62 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 1.38 and a beta of 1.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00.
Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company had revenue of $10 billion during the quarter, compared to analysts' expectations of $9.88 billion. During the same quarter in the previous year, the business earned $4.45 EPS. Capital One Financial's revenue was up 6.8% compared to the same quarter last year. Sell-side analysts predict that Capital One Financial Co. will post 13.46 earnings per share for the current year.
Capital One Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.30%. Capital One Financial's dividend payout ratio (DPR) is 22.66%.
Insiders Place Their Bets
In other news, insider Michael Zamsky sold 10,541 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now owns 26,482 shares of the company's stock, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock worth $4,982,647 in the last three months. Corporate insiders own 1.30% of the company's stock.
Capital One Financial Company Profile
(
Free Report)
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.
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