M Holdings Securities Inc. acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,421 shares of the financial services provider’s stock, valued at approximately $674,000.
Several other hedge funds also recently made changes to their positions in the business. Krilogy Financial LLC grew its position in Capital One Financial by 69.0% in the third quarter. Krilogy Financial LLC now owns 25,629 shares of the financial services provider’s stock worth $4,948,000 after buying an additional 10,464 shares during the last quarter. Sculptor Capital LP bought a new position in shares of Capital One Financial in the first quarter valued at $33,932,000. Swiss National Bank increased its holdings in shares of Capital One Financial by 6.5% in the first quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider’s stock valued at $340,363,000 after buying an additional 113,200 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Capital One Financial in the second quarter valued at $73,364,000. Finally, Levin Capital Strategies L.P. lifted its position in shares of Capital One Financial by 3.3% during the 1st quarter. Levin Capital Strategies L.P. now owns 179,757 shares of the financial services provider’s stock valued at $32,793,000 after acquiring an additional 5,707 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.
Analyst Upgrades and Downgrades
COF has been the subject of several research reports. TD Cowen raised their price objective on Capital One Financial from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $227.00 to $241.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Barclays boosted their target price on Capital One Financial from $237.00 to $238.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Citigroup upped their target price on Capital One Financial from $280.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Twenty research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $256.50.
Check Out Our Latest Research Report on Capital One Financial
Insiders Place Their Bets
In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $214.10, for a total transaction of $749,350.00. Following the transaction, the general counsel directly owned 83,194 shares of the company’s stock, valued at approximately $17,811,835.40. The trade was a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard D. Fairbank sold 90,743 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $204.86, for a total value of $18,589,610.98. Following the completion of the sale, the chief executive officer directly owned 3,968,520 shares of the company’s stock, valued at approximately $812,991,007.20. This represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 202,145 shares of company stock worth $41,281,806. 0.78% of the stock is owned by corporate insiders.
Capital One Financial Trading Down 1.5%
Capital One Financial stock opened at $195.63 on Wednesday. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $117.68 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 0.90 and a beta of 1.10. The company has a 50 day moving average price of $202.88 and a 200 day moving average price of $200.56.
Capital One Financial (NYSE:COF – Get Free Report) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $1.16. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The company had revenue of $16.31 billion for the quarter, compared to the consensus estimate of $16.25 billion. During the same period in the previous year, the business earned $5.95 EPS. The company’s revenue was up 6.4% on a year-over-year basis. Research analysts forecast that Capital One Financial Corporation will post 21.53 EPS for the current year.
Capital One Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 16th. Capital One Financial’s dividend payout ratio (DPR) is 18.89%.
About Capital One Financial
Capital One Financial Corporation is a bank holding company that provides credit cards, consumer banking, auto financing and commercial banking services. Its offerings include credit cards, deposit accounts, loans and financial services for businesses. The company traces its roots to a credit card business established within Signet Banking Corporation in 1988 and became an independent company in 1994. Capital One is headquartered in McLean, Virginia, and serves customers primarily in the United States, with credit card operations also in the United Kingdom.
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