Integrated Advisors Network LLC grew its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 515.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,345 shares of the financial services provider's stock after purchasing an additional 24,574 shares during the period. Integrated Advisors Network LLC's holdings in Capital One Financial were worth $4,394,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of COF. Capital Research Global Investors boosted its stake in shares of Capital One Financial by 72.8% during the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider's stock valued at $3,145,761,000 after purchasing an additional 8,900,241 shares in the last quarter. Eminence Capital LP purchased a new position in Capital One Financial in the second quarter worth about $127,465,000. Clearbridge Investments LLC raised its holdings in Capital One Financial by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider's stock worth $517,184,000 after buying an additional 549,665 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Capital One Financial by 123.4% during the second quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider's stock valued at $107,016,000 after purchasing an additional 427,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Capital One Financial by 1,518.0% during 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 purchasing an additional 386,870 shares during the last quarter. Institutional investors own 89.84% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on COF. Citigroup began coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a "buy" rating and a $190.00 price objective for the company. Bank of America boosted their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. 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 report on Friday. Robert W. Baird boosted their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a report on Friday. Finally, Barclays upped their target price 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. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $152.39.
Check Out Our Latest Stock Analysis on COF
Capital One Financial Price Performance
Shares of COF traded down $2.38 during mid-day trading on Tuesday, reaching $162.99. The stock had a trading volume of 2,569,226 shares, compared to its average volume of 2,475,141. The firm has a market cap of $61.97 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.22 and a beta of 1.44. Capital One Financial Co. has a 12 month low of $98.42 and a 12 month high of $167.93. The business has a fifty day moving average of $148.27 and a 200 day moving average of $143.07. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00.
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 earnings per share for the quarter, topping analysts' consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same period in the prior year, the business posted $4.45 earnings per share. The company's revenue was up 6.8% on a year-over-year basis. Equities analysts predict that Capital One Financial Co. will post 12.87 EPS for the current year.
Capital One Financial Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.47%. Capital One Financial's dividend payout ratio is 18.79%.
Insider Buying and Selling
In related news, CEO Kevin S. Borgmann sold 61,532 shares of the company's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares in the company, valued at approximately $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Frank G. LapradeIii sold 15,751 shares of the firm's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the firm's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares of the company's stock, valued at $5,438,491.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
Capital One Financial Profile
(
Free Report)
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.
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