Ascent Group LLC Raises Stock Holdings in Capital One Financial Co. (NYSE:COF)

Ascent Group LLC lifted its holdings in shares of Capital One Financial Co. (NYSE:COF) by 6.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,077 shares of the financial services provider’s stock after acquiring an additional 1,177 shares during the quarter. Ascent Group LLC’s holdings in Capital One Financial were worth $3,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new stake in Capital One Financial in the second quarter worth $28,000. Hobbs Group Advisors LLC purchased a new stake in Capital One Financial in the second quarter worth $29,000. Unique Wealth Strategies LLC purchased a new position in shares of Capital One Financial in the second quarter valued at $36,000. Catalyst Capital Advisors LLC purchased a new position in shares of Capital One Financial in the third quarter valued at $36,000. Finally, Versant Capital Management Inc grew its position in shares of Capital One Financial by 391.5% in the second quarter. Versant Capital Management Inc now owns 290 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 231 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Capital One Financial stock opened at $192.01 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $73.25 billion, a P/E ratio of 18.13, a PEG ratio of 1.40 and a beta of 1.43. The stock’s 50 day moving average is $166.58 and its 200 day moving average is $149.52. Capital One Financial Co. has a twelve month low of $110.18 and a twelve month high of $198.30.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.81. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $4.45 EPS. On average, equities research analysts predict that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued 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 1.25%. Capital One Financial’s payout ratio is 22.66%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank of Canada lifted their price target on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their price target on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Robert W. Baird boosted their target price on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Citigroup initiated 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. Finally, Barclays boosted their target price on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Capital One Financial presently has an average rating of “Hold” and an average target price of $160.18.

Insider Activity

In other Capital One Financial news, insider Kara West sold 721 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares in the company, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the sale, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. The trade was a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock valued at $4,982,647 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

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.