Meeder Asset Management Inc. Buys 46,215 Shares of Capital One Financial Co. (NYSE:COF)

Meeder Asset Management Inc. raised its stake in shares of Capital One Financial Co. (NYSE:COF) by 685.3% in the 3rd quarter, Holdings Channel reports. The firm owned 52,959 shares of the financial services provider’s stock after purchasing an additional 46,215 shares during the quarter. Meeder Asset Management Inc.’s holdings in Capital One Financial were worth $7,930,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. LRI Investments LLC acquired a new stake in Capital One Financial during the 1st quarter worth about $25,000. Y.D. More Investments Ltd acquired a new stake in Capital One Financial during the 2nd quarter worth about $28,000. Hobbs Group Advisors LLC acquired a new stake in Capital One Financial during the 2nd quarter worth about $29,000. Unique Wealth Strategies LLC acquired a new stake in Capital One Financial during the 2nd quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Capital One Financial during the 3rd quarter worth about $36,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Price Performance

COF stock opened at $182.86 on Tuesday. Capital One Financial Co. has a 52-week low of $105.39 and a 52-week high of $198.30. The business has a 50-day simple moving average of $158.54 and a two-hundred day simple moving average of $146.68. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $69.76 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.37 and a beta of 1.43.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping the consensus estimate 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 last year, the firm earned $4.45 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Research analysts expect that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.31%. Capital One Financial’s dividend payout ratio is currently 22.66%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Bank of America increased their price target on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Evercore ISI raised their target price on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Citigroup started coverage on Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 target price for the company. JPMorgan Chase & Co. raised their target price on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Finally, Royal Bank of Canada raised their target price 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. Eleven 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, Capital One Financial currently has a consensus rating of “Hold” and a consensus price target of $156.35.

Insiders Place Their Bets

In related news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction that occurred on 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 sale, the insider now owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction that occurred on 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 sale, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,007 shares of company stock valued at $4,982,647 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

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.