Brighton Jones LLC Increases Stock Holdings in Capital One Financial Corporation $COF

Brighton Jones LLC boosted its stake in Capital One Financial Corporation (NYSE:COF) by 11.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,426 shares of the financial services provider’s stock after acquiring an additional 2,303 shares during the quarter. Brighton Jones LLC’s holdings in Capital One Financial were worth $4,767,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of COF. Kingstone Capital Partners Texas LLC boosted its stake in shares of 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 valued at $24,988,129,000 after purchasing an additional 117,427,549 shares during the period. Vanguard Group Inc. lifted its holdings in Capital One Financial by 74.8% in the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after buying an additional 24,129,990 shares in the last quarter. State Street Corp lifted its holdings in 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 buying an additional 10,776,843 shares in the last quarter. Norges Bank purchased a new position in Capital One Financial in the 2nd quarter valued at about $1,701,511,000. Finally, Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 5,474,328 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Citigroup boosted their price target on Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. HSBC increased their target price on Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. UBS Group cut 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, Morgan Stanley reiterated an “overweight” rating and set a $280.00 price objective on shares of Capital One Financial in a research note on Tuesday, December 16th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $265.25.

Capital One Financial Stock Performance

Shares of COF opened at $244.20 on Monday. The stock has a market capitalization of $155.25 billion, a PE ratio of 103.04, a price-to-earnings-growth ratio of 0.56 and a beta of 1.16. The business’s fifty day moving average price is $220.91 and its 200 day moving average price is $217.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $244.82.

Capital One Financial (NYSE:COF) last released 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. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a $0.80 dividend. 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 yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. Capital One Financial’s dividend payout ratio is 135.02%.

Insider Buying and Selling

In related news, insider Frank G. LapradeIii sold 17,840 shares of the business’s 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 owned 48,315 shares in the company, valued at $10,727,379.45. The trade was a 26.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Neal Blinde sold 43,200 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total value of $9,583,056.00. Following the transaction, the insider owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. The trade was a 37.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 280,218 shares of company stock valued at $62,395,804 over the last 90 days. 1.26% of the stock is owned by corporate insiders.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.