Assetmark Inc. lifted its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 21.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,616 shares of the financial services provider's stock after buying an additional 7,403 shares during the period. Assetmark Inc.'s holdings in Capital One Financial were worth $6,231,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its stake in Capital One Financial by 20.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,817 shares of the financial services provider's stock valued at $2,355,000 after purchasing an additional 2,675 shares during the last quarter. NorthRock Partners LLC raised its position in Capital One Financial by 58.7% in the 1st quarter. NorthRock Partners LLC now owns 2,614 shares of the financial services provider's stock worth $389,000 after purchasing an additional 967 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Capital One Financial by 1.5% in the 1st quarter. Russell Investments Group Ltd. now owns 381,923 shares of the financial services provider's stock worth $56,771,000 after purchasing an additional 5,554 shares during the period. Bleakley Financial Group LLC grew its stake in Capital One Financial by 20.6% during the 1st quarter. Bleakley Financial Group LLC now owns 7,054 shares of the financial services provider's stock worth $1,050,000 after buying an additional 1,205 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Capital One Financial by 21.4% in 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 acquiring an additional 4,840 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
COF has been the topic of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the stock a "sector perform" rating in a report on Friday, October 25th. Citigroup initiated coverage on Capital One Financial in a research note on Friday, September 20th. They issued a "buy" rating and a $190.00 target price for the company. Robert W. Baird lifted their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Evercore ISI boosted their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a "neutral" rating in a research report on Monday, October 7th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $156.35.
Get Our Latest Stock Analysis on COF
Insiders Place Their Bets
In other news, insider Kara West sold 721 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Capital One Financial news, insider Kara West sold 721 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the sale, the insider now directly owns 12,929 shares of the company's stock, valued at $2,388,374.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the firm's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now owns 44,711 shares of the company's stock, valued at $7,153,760. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,466 shares of company stock worth $2,977,116. 1.30% of the stock is currently owned by insiders.
Capital One Financial Price Performance
Shares of COF stock traded down $3.45 during mid-day trading on Tuesday, reaching $186.76. The stock had a trading volume of 3,284,759 shares, compared to its average volume of 2,562,762. The business has a 50-day simple moving average of $154.34 and a 200 day simple moving average of $145.24. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial Co. has a 12-month low of $103.79 and a 12-month high of $198.30. The company has a market cap of $71.25 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 1.38 and a beta of 1.43.
Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (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 company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the prior year, the firm earned $4.45 EPS. The company's revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th will be issued a $0.60 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.29%. Capital One Financial's dividend payout ratio (DPR) is currently 22.66%.
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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