Artemis Investment Management LLP Acquires New Holdings in Capital One Financial Co. (NYSE:COF)

Artemis Investment Management LLP acquired a new position in Capital One Financial Co. (NYSE:COF - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 263,093 shares of the financial services provider's stock, valued at approximately $46,915,000. Artemis Investment Management LLP owned 0.07% of Capital One Financial at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of COF. Aaron Wealth Advisors LLC grew its stake in Capital One Financial by 10.4% during the fourth quarter. Aaron Wealth Advisors LLC now owns 3,181 shares of the financial services provider's stock worth $567,000 after buying an additional 299 shares during the period. Trust Co. of Vermont lifted its holdings in shares of Capital One Financial by 0.5% during the 4th quarter. Trust Co. of Vermont now owns 18,166 shares of the financial services provider's stock valued at $3,239,000 after acquiring an additional 83 shares in the last quarter. Brooklyn Investment Group boosted its position in Capital One Financial by 11.9% during the 4th quarter. Brooklyn Investment Group now owns 1,555 shares of the financial services provider's stock worth $277,000 after purchasing an additional 165 shares during the period. Merit Financial Group LLC increased its holdings in Capital One Financial by 39.2% in the 4th quarter. Merit Financial Group LLC now owns 3,935 shares of the financial services provider's stock valued at $702,000 after purchasing an additional 1,109 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new position in Capital One Financial in the fourth quarter valued at about $232,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on COF shares. JPMorgan Chase & Co. increased their target price on Capital One Financial from $162.00 to $186.00 and gave the company a "neutral" rating in a research note on Monday, December 9th. Bank of America lowered shares of Capital One Financial from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $203.00 to $200.00 in a research note on Monday, December 9th. Royal Bank of Canada upped their target price on shares of Capital One Financial from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. The Goldman Sachs Group raised their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $188.06.

Capital One Financial Stock Performance

Shares of COF traded up $2.72 during mid-day trading on Monday, hitting $191.16. The stock had a trading volume of 3,723,831 shares, compared to its average volume of 1,937,967. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The company has a market cap of $72.88 billion, a PE ratio of 18.05, a PEG ratio of 1.12 and a beta of 1.46. Capital One Financial Co. has a fifty-two week low of $123.23 and a fifty-two week high of $198.30. The company's fifty day simple moving average is $183.82 and its two-hundred day simple moving average is $160.61.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping analysts' consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the previous year, the company posted $4.45 earnings per share. The firm's revenue was up 6.8% on a year-over-year basis. On average, equities analysts expect that Capital One Financial Co. will post 13.41 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.26%. 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 dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares in the company, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the sale, the insider now owns 19,776 shares in the company, valued at approximately $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,256 shares of company stock valued at $2,462,487 over the last quarter. 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.