Capital One Financial Co. (NYSE:COF) Shares Acquired by BNP Paribas Arbitrage SNC

BNP Paribas Arbitrage SNC lifted its holdings in shares of Capital One Financial Co. (NYSE:COF) by 32.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 200,031 shares of the financial services provider’s stock after acquiring an additional 48,944 shares during the period. BNP Paribas Arbitrage SNC owned 0.05% of Capital One Financial worth $18,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in COF. Western Pacific Wealth Management LP acquired a new position in Capital One Financial during the third quarter worth approximately $31,000. Neo Ivy Capital Management purchased a new position in shares of Capital One Financial in the 2nd quarter valued at approximately $37,000. Investors Asset Management of Georgia Inc. GA ADV grew its stake in shares of Capital One Financial by 200.0% in the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 450 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 300 shares during the last quarter. Covestor Ltd grew its stake in shares of Capital One Financial by 187.0% in the 1st quarter. Covestor Ltd now owns 660 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 430 shares during the last quarter. Finally, Leelyn Smith LLC purchased a new position in shares of Capital One Financial in the 3rd quarter valued at approximately $61,000. Institutional investors and hedge funds own 88.30% of the company’s stock.

Capital One Financial Trading Up 2.9 %

Shares of COF opened at $96.07 on Wednesday. The company has a market capitalization of $36.61 billion, a P/E ratio of 5.39, a P/E/G ratio of 0.95 and a beta of 1.49. Capital One Financial Co. has a one year low of $86.98 and a one year high of $144.73. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50-day moving average price of $108.22 and a 200 day moving average price of $102.19.

Capital One Financial (NYSE:COF – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The financial services provider reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $3.81 by ($0.99). The business had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $9.07 billion. Capital One Financial had a net margin of 19.18% and a return on equity of 13.52%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the company posted $5.41 EPS. Sell-side analysts forecast that Capital One Financial Co. will post 14.45 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 17th. Shareholders of record on Monday, February 6th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.50%. The ex-dividend date was Friday, February 3rd. Capital One Financial’s payout ratio is currently 13.48%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Capital One Financial from $124.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 25th. BMO Capital Markets decreased their price target on Capital One Financial from $152.00 to $141.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 25th. Morgan Stanley lifted their price target on Capital One Financial from $90.00 to $96.00 and gave the company an “underweight” rating in a research note on Wednesday, February 8th. Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $124.00 to $113.00 in a research note on Tuesday, November 15th. Finally, Barclays cut Capital One Financial from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $160.00 to $119.00 in a report on Tuesday, January 3rd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Capital One Financial currently has an average rating of “Hold” and an average target price of $121.12.

Capital One Financial Company Profile

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Capital One Financial Corp. operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment includes domestic consumer and small business card lending, and international card lending businesses.