Ameritas Investment Partners Inc. Purchases 2,405 Shares of Capital One Financial Corporation $COF

Ameritas Investment Partners Inc. grew its position in Capital One Financial Corporation (NYSE:COF) by 66.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,037 shares of the financial services provider’s stock after buying an additional 2,405 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Capital One Financial were worth $1,284,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in COF. Earned Wealth Advisors LLC purchased a new position in shares of Capital One Financial in the 2nd quarter worth approximately $254,000. Plancorp LLC acquired a new stake in Capital One Financial in the second quarter valued at approximately $272,000. Smith Chas P & Associates PA Cpas boosted its stake in Capital One Financial by 1,490.0% in the second quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock valued at $9,252,000 after acquiring an additional 40,751 shares in the last quarter. Callodine Capital Management LP grew its holdings in Capital One Financial by 200.0% in the first quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock worth $26,895,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its position in shares of Capital One Financial by 111.8% during the second quarter. Flagship Harbor Advisors LLC now owns 2,510 shares of the financial services provider’s stock worth $534,000 after purchasing an additional 1,325 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

COF opened at $217.60 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45. The firm has a 50 day moving average of $215.76 and a two-hundred day moving average of $212.18. The firm has a market capitalization of $138.33 billion, a PE ratio of 91.81, a P/E/G ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm had revenue of $15.46 billion for the quarter. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, November 17th. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is 135.02%.

Wall Street Analysts Forecast Growth

COF has been the subject of several analyst reports. Citigroup increased their price objective on Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Wolfe Research increased their price target on Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. HSBC upped their price objective on shares of Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Finally, Redburn Atlantic upgraded shares of Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $261.63.

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total value of $438,820.00. Following the sale, the general counsel owned 96,486 shares in the company, valued at $21,169,993.26. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank G. LapradeIii sold 17,840 shares of Capital One Financial stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the transaction, the insider owned 48,315 shares of the company’s stock, valued at approximately $10,727,379.45. This represents a 26.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 274,013 shares of company stock worth $61,045,903. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial 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.