Cerity Partners LLC Raises Position in Capital One Financial Corporation $COF

Cerity Partners LLC lifted its position in shares of Capital One Financial Corporation (NYSE:COF) by 201.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 313,895 shares of the financial services provider’s stock after acquiring an additional 209,632 shares during the quarter. Cerity Partners LLC’s holdings in Capital One Financial were worth $66,786,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in COF. Brighton Jones LLC increased its position in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 10,428 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of Capital One Financial by 26.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 3,180 shares of the financial services provider’s stock valued at $593,000 after buying an additional 656 shares during the period. AlphaCore Capital LLC purchased a new stake in shares of Capital One Financial in the first quarter valued at approximately $60,000. Savvy Advisors Inc. purchased a new stake in shares of Capital One Financial during the 1st quarter worth $215,000. Finally, Founders Financial Alliance LLC boosted its holdings in Capital One Financial by 10.0% during the first quarter. Founders Financial Alliance LLC now owns 1,417 shares of the financial services provider’s stock worth $254,000 after buying an additional 129 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on COF shares. UBS Group dropped their price objective on Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Morgan Stanley raised their price target on Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on Capital One Financial from $224.00 to $240.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Barclays increased their price objective on shares of Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Evercore ISI lifted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Insider Activity

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $221.54, for a total value of $443,080.00. Following the completion of the sale, the general counsel directly owned 94,486 shares of the company’s stock, valued at approximately $20,932,428.44. The trade was a 2.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Neal Blinde sold 43,200 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider owned 73,020 shares of the company’s stock, valued at $16,198,026.60. The trade was a 37.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 280,218 shares of company stock valued at $62,395,804 in the last 90 days. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Up 0.7%

COF opened at $231.37 on Monday. The firm has a market cap of $147.09 billion, a P/E ratio of 97.62, a PEG ratio of 0.55 and a beta of 1.16. The business’s fifty day simple moving average is $215.82 and its 200 day simple moving average is $213.60. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $233.01. 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 (NYSE:COF) last announced its earnings results 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 during the quarter. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. Capital One Financial’s payout ratio is currently 135.02%.

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.