Ascent Group LLC grew its stake in shares of Capital One Financial Co. (NYSE:COF) by 6.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,077 shares of the financial services provider’s stock after acquiring an additional 1,177 shares during the period. Ascent Group LLC’s holdings in Capital One Financial were worth $3,006,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of COF. FMR LLC raised its stake in shares of Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after acquiring an additional 1,169,395 shares in the last quarter. Eminence Capital LP purchased a new position in Capital One Financial during the second quarter valued at approximately $127,465,000. Southpoint Capital Advisors LP purchased a new position in Capital One Financial during the third quarter valued at approximately $104,811,000. International Assets Investment Management LLC increased its holdings in 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 buying an additional 427,000 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in 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 buying an additional 386,870 shares during the period. Institutional investors own 89.84% of the company’s stock.
Capital One Financial Price Performance
Shares of COF stock opened at $192.01 on Monday. The company has a market capitalization of $73.25 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.43. The firm has a fifty day simple moving average of $166.58 and a 200-day simple moving average of $149.52. 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 Co. has a twelve month low of $110.18 and a twelve month high of $198.30.
Capital One Financial Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.25%. Capital One Financial’s payout ratio is 22.66%.
Analyst Ratings Changes
COF has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Robert W. Baird lifted their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Barclays boosted 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 research report on Tuesday, October 8th. The Goldman Sachs Group boosted their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Citigroup started coverage on shares of Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective for the company. Eleven equities 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 company currently has a consensus rating of “Hold” and an average price target of $160.18.
Insider Buying and Selling at Capital One Financial
In other Capital One Financial 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 transaction, the insider now directly owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares of the company’s stock, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,007 shares of company stock valued at $4,982,647. Company insiders own 1.30% of the company’s stock.
About Capital One Financial
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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