Capital One Financial Corporation $COF Shares Acquired by Ascent Group LLC

Ascent Group LLC increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 36.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,726 shares of the financial services provider’s stock after purchasing an additional 7,152 shares during the quarter. Ascent Group LLC’s holdings in Capital One Financial were worth $5,681,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC boosted its holdings in shares of Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares in the last quarter. Olistico Wealth LLC boosted its stake in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. RMG Wealth Management LLC purchased a new position in shares of Capital One Financial during the second quarter worth about $27,000. Atlantic Edge Private Wealth Management LLC grew its stake in Capital One Financial by 66.7% during the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after buying an additional 50 shares during the last quarter. Finally, Signature Resources Capital Management LLC purchased a new stake in Capital One Financial in the second quarter valued at approximately $28,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on COF shares. Evercore ISI lifted their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. HSBC upped their price objective 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. TD Cowen raised their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Wolfe Research started coverage on Capital One Financial in a research report on Monday, December 8th. They set an “outperform” rating and a $270.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $267.45.

Capital One Financial Stock Down 0.8%

COF opened at $243.82 on Wednesday. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $249.74. The company has a market cap of $155.01 billion, a price-to-earnings ratio of 102.88, a PEG ratio of 0.57 and a beta of 1.16. The business’s fifty day moving average is $225.81 and its two-hundred day moving average is $219.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03.

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. The business had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.3%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. Capital One Financial’s dividend payout ratio (DPR) is currently 135.02%.

Insider Transactions at Capital One Financial

In other news, insider Neal Blinde sold 43,200 shares of the stock in a transaction dated 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 transaction, the insider directly owned 73,020 shares in the company, valued at $16,198,026.60. This represents a 37.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 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 SEC filing for this sale provides additional information. Insiders sold 280,218 shares of company stock worth $62,395,804 in the last quarter. 1.26% of the stock is currently 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.