Meeder Asset Management Inc. Increases Stock Position in Capital One Financial Co. (NYSE:COF)

Meeder Asset Management Inc. increased its holdings in Capital One Financial Co. (NYSE:COF - Free Report) by 685.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 52,959 shares of the financial services provider's stock after acquiring an additional 46,215 shares during the period. Meeder Asset Management Inc.'s holdings in Capital One Financial were worth $7,930,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in COF. Prossimo Advisors LLC boosted its position in shares of Capital One Financial by 2.4% during 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 boosted its position in shares of Capital One Financial by 3.9% during the third quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider's stock worth $266,000 after buying an additional 66 shares during the period. Harbour Investments Inc. boosted its position in shares of Capital One Financial by 0.7% during the third quarter. Harbour Investments Inc. now owns 9,579 shares of the financial services provider's stock worth $1,434,000 after buying an additional 71 shares during the period. Arvest Investments Inc. boosted its position in shares of Capital One Financial by 1.2% during the third quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider's stock worth $975,000 after buying an additional 75 shares during the period. Finally, Bangor Savings Bank boosted its position in shares of Capital One Financial by 20.8% during the third quarter. Bangor Savings Bank now owns 448 shares of the financial services provider's stock worth $67,000 after buying an additional 77 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 10,541 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the transaction, the insider now owns 26,482 shares of the company's stock, valued at $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 through this link. Also, insider Kara West sold 721 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,007 shares of company stock worth $4,982,647. Corporate insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on COF. The Goldman Sachs Group increased their price objective on Capital One Financial from $182.00 to $205.00 and gave the company a "buy" rating in a research note on Tuesday. Citigroup began coverage on Capital One Financial in a research note on Friday, September 20th. They issued a "buy" rating and a $190.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Capital One Financial from $156.00 to $157.00 and gave the company a "neutral" rating in a research note on Monday, October 7th. Evercore ISI increased their price objective on Capital One Financial from $163.00 to $184.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Finally, Barclays increased their price objective on Capital One Financial from $154.00 to $158.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 8th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $160.18.

Capital One Financial Stock Performance

Shares of COF traded down $1.87 during midday trading on Tuesday, reaching $181.00. 2,204,640 shares of the stock were exchanged, compared to its average volume of 2,573,391. The business's 50-day moving average price is $159.40 and its 200 day moving average price is $146.95. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Co. has a twelve month low of $105.39 and a twelve month high of $198.30. The company has a market capitalization of $69.05 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.37 and a beta of 1.43.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping analysts' consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business had revenue of $10 billion for the quarter, compared to analysts' expectations of $9.88 billion. During the same quarter in the previous year, the firm earned $4.45 earnings per share. The business's revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts expect that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced 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 1.33%. The ex-dividend date is Thursday, November 14th. Capital One Financial's dividend payout ratio (DPR) is currently 22.66%.

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.