Franklin Resources Inc. Raises Stock Position in Capital One Financial Co. (NYSE:COF)

Franklin Resources Inc. increased its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,387,265 shares of the financial services provider's stock after purchasing an additional 280,462 shares during the quarter. Franklin Resources Inc. owned 2.72% of Capital One Financial worth $1,649,488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prossimo Advisors LLC raised its holdings in shares of Capital One Financial by 2.4% in the third quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider's stock worth $410,000 after buying an additional 65 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of Capital One Financial by 3.9% in the third quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider's stock worth $266,000 after purchasing an additional 66 shares during the last quarter. Baldwin Investment Management LLC increased its stake in Capital One Financial by 0.6% in the 3rd quarter. Baldwin Investment Management LLC now owns 12,215 shares of the financial services provider's stock worth $1,829,000 after buying an additional 70 shares during the period. Harbour Investments Inc. lifted its holdings in Capital One Financial by 0.7% during the 3rd quarter. Harbour Investments Inc. now owns 9,579 shares of the financial services provider's stock valued at $1,434,000 after buying an additional 71 shares in the last quarter. Finally, Arvest Investments Inc. boosted its position in Capital One Financial by 1.2% in the 3rd quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider's stock valued at $975,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analyst Weigh In

COF has been the subject of a number of research reports. Citigroup assumed coverage on Capital One Financial in a report on Friday, September 20th. They issued a "buy" rating and a $190.00 price target for the company. JPMorgan Chase & Co. increased their price target on Capital One Financial from $162.00 to $186.00 and gave the stock a "neutral" rating in a research report on Monday. The Goldman Sachs Group lifted their price objective on Capital One Financial from $182.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Barclays boosted their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada increased their price objective on shares of 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. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $168.47.

Capital One Financial Stock Performance

Shares of COF traded down $0.22 during trading hours on Friday, reaching $184.53. 2,022,802 shares of the company traded hands, compared to its average volume of 2,566,690. The business has a fifty day moving average price of $173.44 and a 200-day moving average price of $152.27. Capital One Financial Co. has a 12-month low of $123.23 and a 12-month 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 $70.40 billion, a P/E ratio of 17.41, a P/E/G ratio of 1.36 and a beta of 1.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.81. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. Capital One Financial's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.45 EPS. Equities analysts anticipate that Capital One Financial Co. will post 13.54 EPS 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. Investors of record on Thursday, November 14th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial's dividend payout ratio is currently 22.66%.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 10,541 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value 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. This trade represents a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the firm's stock in a transaction that occurred 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 directly 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 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. 1.30% of the stock is owned by company insiders.

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.