Arvest Bank Trust Division bought a new stake in Capital One Financial Co. (NYSE:COF - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 55,497 shares of the financial services provider's stock, valued at approximately $8,310,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new stake in shares of Capital One Financial in the 2nd quarter valued at $28,000. Hobbs Group Advisors LLC purchased a new stake in Capital One Financial during the second quarter worth about $29,000. Unique Wealth Strategies LLC purchased a new stake in Capital One Financial during the second quarter worth about $36,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Capital One Financial during the third quarter worth about $36,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Capital One Financial by 135.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 166 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.
Analyst Ratings Changes
Several brokerages recently weighed in on COF. Robert W. Baird upped their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Evercore ISI upped their price objective on Capital One Financial from $163.00 to $184.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their price objective on Capital One Financial from $182.00 to $205.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $162.00 to $186.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Royal Bank of Canada increased their price target on Capital One Financial from $150.00 to $160.00 and gave the company a "sector perform" rating in a research report on Friday, October 25th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $168.47.
Read Our Latest Stock Report on COF
Capital One Financial Stock Down 0.7 %
Shares of NYSE:COF traded down $1.37 during trading on Thursday, hitting $184.68. 2,185,207 shares of the company were exchanged, compared to its average volume of 2,568,957. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The firm's 50 day moving average price is $172.65 and its 200-day moving average price is $152.04. The stock has a market capitalization of $70.46 billion, a P/E ratio of 17.54, a PEG ratio of 1.37 and a beta of 1.45. Capital One Financial Co. has a 12-month low of $120.07 and a 12-month high of $198.30.
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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.81. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. Capital One Financial's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.45 earnings per share. On average, research analysts predict that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.
Capital One Financial Announces Dividend
The company also recently declared 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 dividend on an annualized basis and a yield of 1.30%. Capital One Financial's dividend payout ratio is presently 22.66%.
Insiders Place Their Bets
In related news, insider Michael Zamsky sold 10,541 shares of the stock in a transaction on 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 sale, the insider now owns 26,482 shares in the company, valued at $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 available at the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction 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 completion of the transaction, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,007 shares of company stock valued at $4,982,647 over the last quarter. Company insiders own 1.30% of the company's stock.
Capital One Financial 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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