Meeder Asset Management Inc. Has $7.93 Million Holdings in Capital One Financial Co. (NYSE:COF)

Meeder Asset Management Inc. lifted its stake in Capital One Financial Co. (NYSE:COF) by 685.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,959 shares of the financial services provider’s stock after buying an additional 46,215 shares during the period. Meeder Asset Management Inc.’s holdings in Capital One Financial were worth $7,930,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital Research Global Investors increased its holdings in Capital One Financial by 72.8% during the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after purchasing an additional 8,900,241 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Capital One Financial by 5.5% during the 2nd quarter. Clearbridge Investments LLC now owns 3,663,439 shares of the financial services provider’s stock valued at $507,203,000 after purchasing an additional 189,843 shares in the last quarter. Legal & General Group Plc increased its holdings in Capital One Financial by 2.5% during the 2nd quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider’s stock valued at $461,204,000 after purchasing an additional 79,908 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Capital One Financial by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,216,724 shares of the financial services provider’s stock valued at $181,155,000 after purchasing an additional 5,473 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Capital One Financial by 31.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,214,929 shares of the financial services provider’s stock valued at $180,892,000 after purchasing an additional 292,978 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COF has been the topic of a number of recent research reports. Citigroup assumed coverage on Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective on the stock. Bank of America boosted their target price on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Barclays boosted their price target on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Robert W. Baird upped their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $156.35.

Capital One Financial Stock Down 1.2 %

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

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

Capital One Financial Announces Dividend

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

Insiders Place Their Bets

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the transaction, the insider now directly owns 19,776 shares in the company, valued at approximately $3,211,029.12. This represents a 9.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the 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 $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. Insiders sold 29,007 shares of company stock worth $4,982,647 over the last three months. 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.