Chesley Taft & Associates LLC Purchases Shares of 70,702 Capital One Financial Corporation $COF

Chesley Taft & Associates LLC acquired a new position in Capital One Financial Corporation (NYSE:COF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 70,702 shares of the financial services provider’s stock, valued at approximately $15,030,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC raised its position in Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after acquiring an additional 117,427,549 shares during the period. Vanguard Group Inc. grew its position in shares of Capital One Financial by 74.8% during the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after acquiring an additional 24,129,990 shares during the period. State Street Corp increased its stake in shares of Capital One Financial by 63.4% in the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after purchasing an additional 10,776,843 shares in the last quarter. Norges Bank bought a new position in Capital One Financial in the 2nd quarter worth $1,701,511,000. Finally, Geode Capital Management LLC lifted its position in Capital One Financial by 64.1% during the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after purchasing an additional 5,474,328 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other news, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the completion of the transaction, the insider directly owned 48,315 shares in the company, valued at approximately $10,727,379.45. This represents a 26.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the transaction, the insider directly owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This trade represents a 37.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 280,218 shares of company stock worth $62,395,804. Company insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $239.31 on Thursday. The company has a market cap of $152.14 billion, a P/E ratio of 100.98, a P/E/G ratio of 0.56 and a beta of 1.16. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $244.82. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s fifty day moving average is $219.43 and its two-hundred day moving average is $216.14.

Capital One Financial (NYSE:COF) last issued 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 return on equity of 10.94% and a net margin of 2.24%.The firm had revenue of $15.46 billion during the quarter. As a group, 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. Shareholders of record on Monday, November 17th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.3%. 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. Capital One Financial’s dividend payout ratio is presently 135.02%.

Analyst Upgrades and Downgrades

A number of analysts have commented on COF shares. TD Cowen upped their price target on Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Jefferies Financial Group boosted their price objective on Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Morgan Stanley reissued an “overweight” rating and issued a $280.00 target price on shares of Capital One Financial in a report on Tuesday. UBS Group lowered their price target on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Finally, Wolfe Research started coverage on shares of Capital One Financial in a research note on Monday, December 8th. They issued an “outperform” rating and a $270.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $264.25.

Capital One Financial Company 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.