Bronte Capital Management Pty Ltd. Invests $74,000 in Capital One Financial Corporation $COF

Bronte Capital Management Pty Ltd. bought a new stake in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 346,950 shares of the financial services provider’s stock, valued at approximately $74,000. Capital One Financial comprises 0.0% of Bronte Capital Management Pty Ltd.’s portfolio, making the stock its 16th largest position. Bronte Capital Management Pty Ltd. owned 0.05% of Capital One Financial at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in COF. Brighton Jones LLC increased its position in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares during the period. Private Advisor Group LLC boosted its position in Capital One Financial by 15.3% during the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock valued at $1,776,000 after acquiring an additional 1,312 shares during the last quarter. IFP Advisors Inc boosted its position in Capital One Financial by 12.8% during the first quarter. IFP Advisors Inc now owns 2,710 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 307 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in Capital One Financial by 162.1% during the 1st quarter. J.W. Cole Advisors Inc. now owns 6,320 shares of the financial services provider’s stock worth $1,133,000 after acquiring an additional 3,909 shares during the period. Finally, Crestwood Advisors Group LLC grew its holdings in Capital One Financial by 14.7% during the 1st quarter. Crestwood Advisors Group LLC now owns 4,025 shares of the financial services provider’s stock worth $722,000 after acquiring an additional 517 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In related news, insider Neal Blinde sold 43,200 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the sale, the insider owned 73,020 shares in the company, valued at $16,198,026.60. This represents a 37.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard D. Fairbank sold 103,487 shares of Capital One Financial stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the transaction, the chief executive officer owned 4,001,228 shares of the company’s stock, valued at $882,990,995.04. This trade represents a 2.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 274,013 shares of company stock valued at $61,045,903. Insiders own 1.26% of the company’s stock.

Capital One Financial Trading Up 1.1%

NYSE COF opened at $202.15 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The business has a 50 day moving average price of $217.46 and a 200-day moving average price of $211.35. The company has a market cap of $128.51 billion, a price-to-earnings ratio of 85.29, a P/E/G ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last issued its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.46 billion for the quarter. As a group, equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a dividend of $0.80 per share. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, November 17th. Capital One Financial’s dividend payout ratio is 135.02%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on COF shares. Zacks Research raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Barclays boosted their price target on Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a research report on Friday, August 1st. They set a “buy” rating and a $290.00 price objective for the company. Redburn Atlantic upgraded shares of Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

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.