Benjamin Edwards Inc. Increases Stock Position in Capital One Financial Co. (NYSE:COF)

Benjamin Edwards Inc. boosted its position in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 309.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,929 shares of the financial services provider's stock after buying an additional 5,236 shares during the period. Benjamin Edwards Inc.'s holdings in Capital One Financial were worth $1,038,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in Capital One Financial by 0.7% in the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider's stock valued at $1,451,527,000 after purchasing an additional 72,097 shares during the last quarter. FMR LLC raised its holdings in shares of Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider's stock valued at $994,350,000 after buying an additional 1,169,395 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Capital One Financial by 5.5% in the second quarter. Clearbridge Investments LLC now owns 3,663,439 shares of the financial services provider's stock valued at $507,203,000 after buying an additional 189,843 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Capital One Financial by 2.5% during the second quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider's stock worth $461,204,000 after buying an additional 79,908 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Capital One Financial by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,687,999 shares of the financial services provider's stock worth $402,474,000 after buying an additional 28,541 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Activity

In other news, 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 transaction of $2,520,160.00. Following the sale, the insider now owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kara West sold 721 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the transaction, the insider now owns 12,929 shares in the company, valued at $2,388,374.17. This trade represents a 5.28 % 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 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

Capital One Financial Price Performance

Shares of Capital One Financial stock traded up $2.39 on Friday, hitting $187.96. The company's stock had a trading volume of 2,696,759 shares, compared to its average volume of 2,860,954. 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 firm has a fifty day moving average price of $170.41 and a 200-day moving average price of $151.06. Capital One Financial Co. has a 52-week low of $113.42 and a 52-week high of $198.30. The company has a market capitalization of $71.71 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 1.35 and a beta of 1.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating the consensus estimate 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 business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same period in the prior year, the business earned $4.45 earnings per share. The company's quarterly revenue was up 6.8% on a year-over-year basis. On average, equities research analysts expect that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a $0.60 dividend. The ex-dividend date was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.28%. Capital One Financial's dividend payout ratio (DPR) is 22.66%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on COF. Royal Bank of Canada increased their price objective on Capital One Financial from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. Barclays increased their price target on Capital One Financial from $154.00 to $158.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. The Goldman Sachs Group boosted their price objective on shares of 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. raised their target price on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a "neutral" rating in a research note on Monday, October 7th. Finally, Robert W. Baird lifted their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $160.18.

Capital One Financial Profile

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.