First Fiduciary Investment Counsel Inc. Takes Position in Capital One Financial Co. (NYSE:COF)

First Fiduciary Investment Counsel Inc. bought a new position in shares of Capital One Financial Co. (NYSE:COF - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 39,266 shares of the financial services provider's stock, valued at approximately $5,879,000.

A number of other hedge funds have also recently added to or reduced their stakes in COF. Capital Research Global Investors raised its position in shares of Capital One Financial by 72.8% in the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider's stock worth $3,145,761,000 after buying an additional 8,900,241 shares during the period. Eminence Capital LP acquired a new position in shares of Capital One Financial in the 2nd quarter valued at about $127,465,000. Clearbridge Investments LLC grew its holdings in shares of Capital One Financial by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider's stock worth $517,184,000 after purchasing an additional 549,665 shares during the period. International Assets Investment Management LLC increased its position in Capital One Financial by 123.4% during the 2nd quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider's stock worth $107,016,000 after purchasing an additional 427,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Capital One Financial by 1,518.0% in the third quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider's stock valued at $61,742,000 after buying an additional 386,870 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

NYSE:COF traded up $0.39 during trading hours on Friday, reaching $185.21. 4,247,350 shares of the stock were exchanged, compared to its average volume of 3,288,352. Capital One Financial Co. has a 52 week low of $102.63 and a 52 week high of $198.30. 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 stock has a market capitalization of $70.66 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.42 and a beta of 1.43. The firm has a 50 day simple moving average of $153.47 and a 200-day simple moving average of $144.98.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share 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 for the quarter, compared to analysts' expectations of $9.88 billion. During the same period in the prior year, the company earned $4.45 earnings per share. The firm's revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Capital One Financial Co. will post 13.46 earnings per share for the current fiscal 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 given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. Capital One Financial's payout ratio is 22.66%.

Analyst Ratings Changes

Several research firms have issued reports on COF. Barclays boosted 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. JPMorgan Chase & Co. increased their price target on Capital One Financial from $156.00 to $157.00 and gave the company a "neutral" rating in a report on Monday, October 7th. Citigroup initiated coverage on Capital One Financial in a research report on Friday, September 20th. They issued a "buy" rating and a $190.00 price objective on the stock. Evercore ISI upped their target price 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. Finally, Bank of America raised their target price on Capital One Financial from $158.00 to $161.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $156.35.

Insider Buying and Selling

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the business's stock in a transaction dated 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 directly owns 44,711 shares of the company's stock, valued at $7,153,760. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the business'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 completion of the transaction, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares in the company, valued at $3,211,029.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

About Capital One Financial

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.