Dynamic Technology Lab Private Ltd acquired a new position in Capital One Financial Co. (NYSE:COF - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,884 shares of the financial services provider's stock, valued at approximately $432,000.
A number of other institutional investors have also made changes to their positions in COF. Fisher Asset Management LLC raised its stake in shares of Capital One Financial by 0.7% in the third quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider's stock worth $1,451,527,000 after acquiring an additional 72,097 shares during the last quarter. Clearbridge Investments LLC increased 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 purchasing an additional 189,843 shares in the last quarter. Legal & General Group Plc raised its position in Capital One Financial by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider's stock worth $461,204,000 after purchasing an additional 79,908 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Capital One Financial by 1.1% during the 3rd 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 in the last quarter. Finally, AustralianSuper Pty Ltd boosted its position in Capital One Financial by 0.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,061,347 shares of the financial services provider's stock valued at $158,915,000 after buying an additional 4,380 shares during the last quarter. 89.84% of the stock is owned by institutional investors.
Capital One Financial Trading Up 0.4 %
NYSE:COF opened at $192.07 on Friday. The company has a market cap of $73.28 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. Capital One Financial Co. has a twelve month low of $110.18 and a twelve month high of $198.30. The business has a 50 day moving average price of $166.58 and a two-hundred day moving average price of $149.44. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78.
Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $9.88 billion. During the same quarter in the prior year, the company posted $4.45 earnings per share. The firm's revenue was up 6.8% on a year-over-year basis. As a group, analysts expect that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.
Capital One Financial Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.25%. Capital One Financial's payout ratio is presently 22.66%.
Insider Activity at Capital One Financial
In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction on 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the transaction, the insider now owns 19,776 shares in the company, valued at $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. Over the last ninety days, insiders sold 29,007 shares of company stock valued at $4,982,647. Insiders own 1.30% of the company's stock.
Analyst Ratings Changes
COF has been the topic of several research reports. Royal Bank of Canada upped their price target on 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 lifted their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Citigroup initiated coverage on shares of Capital One Financial in a research report on Friday, September 20th. They set a "buy" rating and a $190.00 target price for the company. Evercore ISI increased their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Finally, Barclays lifted their price objective on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $160.18.
Check Out Our Latest Analysis on Capital One Financial
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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