CIBC Asset Management Inc Has $8.33 Million Position in Capital One Financial Co. (NYSE:COF)

CIBC Asset Management Inc grew its position in Capital One Financial Co. (NYSE:COF - Free Report) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,654 shares of the financial services provider's stock after purchasing an additional 4,250 shares during the period. CIBC Asset Management Inc's holdings in Capital One Financial were worth $8,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. LRI Investments LLC acquired a new position in shares of Capital One Financial in the first quarter valued at approximately $25,000. Y.D. More Investments Ltd acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at about $28,000. Hobbs Group Advisors LLC bought a new stake in shares of Capital One Financial in the second quarter valued at about $29,000. Unique Wealth Strategies LLC acquired a new position in shares of Capital One Financial during the second quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Capital One Financial during the third quarter worth about $36,000. 89.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Robert W. Baird boosted their target price on Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Royal Bank of Canada boosted 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 research report on Friday, October 25th. Bank of America raised their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Evercore ISI boosted their price target on shares of 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. Finally, JPMorgan Chase & Co. raised their price objective on Capital One Financial from $156.00 to $157.00 and gave the company a "neutral" rating in a 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. Based on data from MarketBeat, Capital One Financial has a consensus rating of "Hold" and a consensus target price of $156.35.

Capital One Financial Price Performance

Shares of Capital One Financial stock traded up $2.14 during trading on Friday, reaching $185.14. 4,122,382 shares of the company's stock were exchanged, compared to its average volume of 3,819,630. The firm's 50-day moving average price is $157.74 and its 200 day moving average price is $146.36. The company has a market cap of $70.63 billion, a P/E ratio of 17.48, a PEG ratio of 1.37 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 Co. has a 1-year low of $104.21 and a 1-year high of $198.30.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results 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. The firm had revenue of $10 billion during the quarter, compared to analysts' expectations of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.45 earnings per share. As a group, research analysts anticipate that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.30%. Capital One Financial's dividend payout ratio (DPR) is presently 22.66%.

Insider Activity

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the transaction, the insider now directly owns 26,482 shares of the company's stock, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now directly owns 44,711 shares of the company's stock, valued at approximately $7,153,760. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,007 shares of company stock worth $4,982,647. Insiders own 1.30% of the company's stock.

Capital One Financial Company 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.