NFJ Investment Group LLC Has $11.61 Million Holdings in Capital One Financial Co. (NYSE:COF)

NFJ Investment Group LLC lessened its stake in shares of Capital One Financial Co. (NYSE:COF) by 48.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,528 shares of the financial services provider’s stock after selling 74,198 shares during the quarter. NFJ Investment Group LLC’s holdings in Capital One Financial were worth $11,608,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of COF. Y.D. More Investments Ltd bought a new position in Capital One Financial in the 2nd quarter valued at $28,000. Hobbs Group Advisors LLC acquired a new stake in shares of Capital One Financial during the second quarter worth $29,000. Unique Wealth Strategies LLC acquired a new position in Capital One Financial in the second quarter valued at about $36,000. Catalyst Capital Advisors LLC acquired a new position in Capital One Financial in the third quarter valued at about $36,000. Finally, Creative Financial Designs Inc. ADV grew its stake in Capital One Financial by 135.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 166 shares during the period. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COF. Citigroup began coverage on Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 target price on the stock. Royal Bank of Canada upped their price objective on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Robert W. Baird upped their target price on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. The Goldman Sachs Group increased their price target on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Evercore ISI increased their price target on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Eleven 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.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $160.18.

Capital One Financial Stock Up 0.6 %

Shares of NYSE COF traded up $1.13 on Tuesday, reaching $188.65. 300,673 shares of the company’s stock traded hands, compared to its average volume of 2,562,517. Capital One Financial Co. has a 12 month low of $112.64 and a 12 month high of $198.30. The business’s 50 day simple moving average is $166.58 and its two-hundred day simple moving average is $149.52. The company has a market cap of $71.97 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.40 and a beta of 1.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the prior year, the company posted $4.45 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities research analysts forecast that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were given 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 1.27%. Capital One Financial’s payout ratio is 22.66%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value 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. This trade represents a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of the firm’s 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 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,007 shares of company stock worth $4,982,647. Insiders own 1.30% of the company’s stock.

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.