Investment Management Corp of Ontario Increases Stock Holdings in Capital One Financial Co. (NYSE:COF)

Investment Management Corp of Ontario raised its position in Capital One Financial Co. (NYSE:COF - Free Report) by 46.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,653 shares of the financial services provider's stock after buying an additional 4,000 shares during the quarter. Investment Management Corp of Ontario's holdings in Capital One Financial were worth $1,895,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in COF. Holocene Advisors LP raised its position in shares of Capital One Financial by 102.2% in the third quarter. Holocene Advisors LP now owns 348,025 shares of the financial services provider's stock valued at $52,110,000 after purchasing an additional 175,906 shares during the period. Ascent Group LLC grew its stake in Capital One Financial by 6.2% in the 3rd quarter. Ascent Group LLC now owns 20,077 shares of the financial services provider's stock valued at $3,006,000 after buying an additional 1,177 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Capital One Financial by 309.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 6,929 shares of the financial services provider's stock valued at $1,038,000 after acquiring an additional 5,236 shares during the period. Atom Investors LP purchased a new stake in shares of Capital One Financial during the third quarter worth $10,563,000. Finally, Azora Capital LP bought a new position in shares of Capital One Financial in the third quarter worth $28,562,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on COF shares. Robert W. Baird increased their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Barclays increased their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. Royal Bank of Canada boosted 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. The Goldman Sachs Group upped their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Finally, Evercore ISI boosted 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. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $160.18.

Capital One Financial Price Performance

Shares of NYSE COF traded up $0.07 during trading hours on Thursday, reaching $185.57. 1,682,103 shares of the stock traded hands, compared to its average volume of 2,564,574. The company's 50-day simple moving average is $169.63 and its two-hundred day simple moving average is $150.66. The company has a market capitalization of $70.80 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.45. Capital One Financial Co. has a 52-week low of $113.42 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.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly 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 firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same period last year, the firm posted $4.45 earnings per share. The business's revenue was up 6.8% compared to the same quarter last year. Equities research analysts forecast that Capital One Financial Co. will post 13.54 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.29%. Capital One Financial's payout ratio is 22.66%.

Insider Activity

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of the business'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 owns 26,482 shares in the company, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the 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 sale, the insider now owns 19,776 shares of the company's stock, valued at approximately $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 three months, insiders have sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is currently owned by 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.