Geode Capital Management LLC Increases Position in Capital One Financial Co. (NYSE:COF)

Geode Capital Management LLC lifted its position in Capital One Financial Co. (NYSE:COF - Free Report) by 2.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,020,160 shares of the financial services provider's stock after purchasing an additional 159,616 shares during the period. Geode Capital Management LLC owned about 2.10% of Capital One Financial worth $1,198,664,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Capital One Financial by 20.5% during the second quarter. Sequoia Financial Advisors LLC now owns 6,724 shares of the financial services provider's stock worth $931,000 after purchasing an additional 1,142 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Capital One Financial by 25.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,440 shares of the financial services provider's stock worth $2,968,000 after buying an additional 4,321 shares during the last quarter. Great Valley Advisor Group Inc. increased its stake in shares of Capital One Financial by 18.9% during the second quarter. Great Valley Advisor Group Inc. now owns 2,734 shares of the financial services provider's stock valued at $379,000 after buying an additional 434 shares during the period. PGGM Investments raised its holdings in shares of Capital One Financial by 7.9% during the second quarter. PGGM Investments now owns 43,455 shares of the financial services provider's stock valued at $6,016,000 after acquiring an additional 3,168 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Capital One Financial by 2.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,203 shares of the financial services provider's stock worth $2,243,000 after acquiring an additional 386 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 10,541 shares of the firm's stock in a transaction that occurred on 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 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 can be accessed through this link. Also, insider Kara West sold 721 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the sale, the insider now owns 12,929 shares of the company's stock, 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. In the last quarter, insiders sold 29,007 shares of company stock valued at $4,982,647. Company insiders own 1.30% of the company's stock.

Capital One Financial Stock Up 1.2 %

COF traded up $2.14 during trading on Wednesday, hitting $186.08. 2,802,980 shares of the company's stock traded hands, compared to its average volume of 2,570,563. Capital One Financial Co. has a 12-month low of $118.52 and a 12-month high of $198.30. The company's 50 day simple moving average is $171.85 and its two-hundred day simple moving average is $151.80. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $70.99 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.37 and a beta of 1.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. Capital One Financial's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the company earned $4.45 EPS. Analysts predict 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 announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial's dividend payout ratio is currently 22.66%.

Analysts Set New Price Targets

Several research firms have recently commented on COF. Royal Bank of Canada raised their target price 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. Citigroup started coverage on shares of Capital One Financial in a report on Friday, September 20th. They issued a "buy" rating and a $190.00 price objective for the company. Keefe, Bruyette & Woods upped their target price on Capital One Financial from $185.00 to $232.00 and gave the stock an "outperform" rating in a report on Monday. Barclays increased their target price on Capital One Financial from $154.00 to $158.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on Capital One Financial from $162.00 to $186.00 and gave the company a "neutral" rating in a research report on Monday. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $168.47.

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.