Wellington Management Group LLP increased its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 268.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 975,439 shares of the financial services provider's stock after purchasing an additional 710,881 shares during the period. Wellington Management Group LLP owned 0.26% of Capital One Financial worth $146,052,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Worldquant Millennium Advisors LLC lifted its position in shares of Capital One Financial by 7.7% during the third quarter. Worldquant Millennium Advisors LLC now owns 107,851 shares of the financial services provider's stock worth $16,149,000 after purchasing an additional 7,682 shares in the last quarter. Two Sigma Advisers LP increased its stake in Capital One Financial by 97.9% during the 3rd quarter. Two Sigma Advisers LP now owns 294,900 shares of the financial services provider's stock worth $44,155,000 after buying an additional 145,900 shares during the period. State Street Corp lifted its holdings in Capital One Financial by 0.5% in the 3rd quarter. State Street Corp now owns 16,506,861 shares of the financial services provider's stock worth $2,471,572,000 after buying an additional 74,784 shares in the last quarter. Quantinno Capital Management LP boosted its position in Capital One Financial by 72.2% in the 3rd quarter. Quantinno Capital Management LP now owns 42,640 shares of the financial services provider's stock valued at $6,385,000 after buying an additional 17,881 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its position in shares of Capital One Financial by 1.5% during the third quarter. Royal London Asset Management Ltd. now owns 152,933 shares of the financial services provider's stock worth $22,899,000 after acquiring an additional 2,297 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the transaction, the insider now directly owns 44,711 shares of the company's stock, valued at approximately $7,153,760. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kara West sold 721 shares of Capital One Financial stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the transaction, the insider now owns 12,929 shares in the company, valued at approximately $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. Insiders sold 29,007 shares of company stock valued at $4,982,647 over the last 90 days. 1.30% of the stock is currently owned by company insiders.
Capital One Financial Stock Performance
Capital One Financial stock traded down $0.79 during midday trading on Tuesday, reaching $183.93. 2,824,817 shares of the stock traded hands, compared to its average volume of 2,568,948. The firm has a fifty day moving average price of $171.11 and a two-hundred day moving average price of $151.48. Capital One Financial Co. has a fifty-two week low of $117.13 and a fifty-two week high of $198.30. The firm has a market cap of $70.17 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.37 and a beta of 1.45. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.
Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $4.45 EPS. On average, equities research analysts forecast that Capital One Financial Co. will post 13.54 earnings per share for the current year.
Capital One Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial's dividend payout ratio is currently 22.66%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on COF shares. Robert W. Baird increased their price target on Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Keefe, Bruyette & Woods increased their target price on Capital One Financial from $185.00 to $232.00 and gave the company an "outperform" rating in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a "neutral" rating in a research note on Monday. Bank of America cut shares of Capital One Financial from a "buy" rating to a "neutral" rating and cut their price target for the company from $203.00 to $200.00 in a report on Monday. Finally, Barclays boosted their target price on shares of 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. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $168.47.
Get Our Latest Research Report on Capital One Financial
About Capital One Financial
(
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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