Twin Capital Management Inc. Increases Stock Holdings in Capital One Financial Corporation $COF

Twin Capital Management Inc. grew its stake in Capital One Financial Corporation (NYSE:COF) by 2.1% during the second quarter, HoldingsChannel reports. The firm owned 20,062 shares of the financial services provider’s stock after purchasing an additional 418 shares during the quarter. Twin Capital Management Inc.’s holdings in Capital One Financial were worth $4,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. WPG Advisers LLC purchased a new position in Capital One Financial during the 1st quarter worth $25,000. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 62 shares during the period. Olistico Wealth LLC raised its holdings in Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares in the last quarter. Saudi Central Bank acquired a new stake in Capital One Financial in the first quarter valued at about $27,000. Finally, RMG Wealth Management LLC purchased a new stake in Capital One Financial in the 2nd quarter valued at approximately $27,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Trading Up 0.3%

COF stock opened at $221.45 on Thursday. The company has a market cap of $141.62 billion, a price-to-earnings ratio of 93.44, a PEG ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $219.68 and a 200-day simple moving average of $209.01.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, beating the consensus estimate of $4.25 by $1.70. The company had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The firm’s revenue was up 53.4% compared to the same quarter last year. During the same period last year, the company posted $4.51 earnings per share. On average, equities research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio is currently 101.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup increased their target price on Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a research report on Wednesday, October 8th. Wells Fargo & Company upped their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective for the company. Finally, Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Insider Activity at Capital One Financial

In related news, CEO Richard D. Fairbank sold 103,486 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $225.68, for a total value of $23,354,720.48. Following the sale, the chief executive officer owned 4,051,228 shares of the company’s stock, valued at approximately $914,281,135.04. This trade represents a 2.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel directly owned 98,486 shares of the company’s stock, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 111,155 shares of company stock valued at $24,998,080. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Company 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.