State Street Corp Grows Position in Capital One Financial Co. (NYSE:COF)

State Street Corp grew its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,506,861 shares of the financial services provider's stock after acquiring an additional 74,784 shares during the quarter. State Street Corp owned 4.33% of Capital One Financial worth $2,471,572,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Y.D. More Investments Ltd bought a new stake in Capital One Financial in the second quarter worth $28,000. Hobbs Group Advisors LLC bought a new stake in shares of Capital One Financial in the 2nd quarter valued at about $29,000. Unique Wealth Strategies LLC bought a new stake in shares of Capital One Financial in the 2nd quarter valued at about $36,000. Catalyst Capital Advisors LLC purchased a new stake in Capital One Financial during the 3rd quarter valued at about $36,000. Finally, Accordant Advisory Group Inc bought a new position in Capital One Financial during the 2nd quarter worth approximately $42,000. 89.84% of the stock is currently owned by institutional investors.

Insider Transactions at Capital One Financial

In other news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now owns 44,711 shares of the company's stock, valued at $7,153,760. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the sale, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,007 shares of company stock valued at $4,982,647 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays boosted their price objective on Capital One Financial from $154.00 to $158.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. Robert W. Baird upped their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Citigroup began coverage on shares of Capital One Financial in a report on Friday, September 20th. They issued a "buy" rating and a $190.00 price target on the stock. Evercore ISI upped their price objective on shares of 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, The Goldman Sachs Group raised their target price on Capital One Financial from $182.00 to $205.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $160.18.

Capital One Financial Stock Up 1.3 %

COF traded up $2.39 during trading on Friday, reaching $187.96. The stock had a trading volume of 2,696,759 shares, compared to its average volume of 2,565,136. 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 company has a market capitalization of $71.71 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 1.36 and a beta of 1.45. The stock's 50 day moving average is $169.63 and its two-hundred day moving average is $150.66. Capital One Financial Co. has a one year low of $113.42 and a one year high of $198.30.

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 (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 company had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same period last year, the business earned $4.45 EPS. Capital One Financial's quarterly revenue was up 6.8% compared to the same quarter last year. As a group, analysts expect that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.28%. Capital One Financial's payout ratio is 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.