Bank of Montreal Can Buys 58,376 Shares of Capital One Financial Corporation $COF

Bank of Montreal Can grew its stake in Capital One Financial Corporation (NYSE:COF) by 9.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 704,635 shares of the financial services provider’s stock after buying an additional 58,376 shares during the quarter. Bank of Montreal Can owned 0.11% of Capital One Financial worth $149,791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Howard Hughes Medical Institute bought a new stake in Capital One Financial in the 2nd quarter valued at $29,000. WFA of San Diego LLC bought a new position in shares of Capital One Financial during the second quarter worth about $32,000. Crowley Wealth Management Inc. acquired a new stake in Capital One Financial in the 3rd quarter valued at approximately $33,000. Wolff Wiese Magana LLC lifted its stake in Capital One Financial by 41.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 57 shares in the last quarter. Finally, Bell Investment Advisors Inc lifted its stake in Capital One Financial by 86.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 93 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on COF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $275.00 price target on shares of Capital One Financial in a research note on Monday, January 12th. Keefe, Bruyette & Woods boosted their price objective on shares of Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Wells Fargo & Company increased their target price on shares of Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $274.70.

Capital One Financial Trading Down 0.4%

Shares of NYSE:COF opened at $184.93 on Wednesday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64. The company has a market capitalization of $115.01 billion, a P/E ratio of 62.47, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14. The company has a 50-day simple moving average of $219.49 and a 200 day simple moving average of $221.76. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.Capital One Financial’s revenue was up 53.3% compared to the same quarter last year. During the same period last year, the company posted $2.67 EPS. Sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. Capital One Financial’s payout ratio is presently 108.11%.

Insiders Place Their Bets

In other news, insider Lia Dean sold 3,284 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total value of $734,565.12. Following the transaction, the insider directly owned 70,162 shares of the company’s stock, valued at $15,693,836.16. This represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason P. Hanson sold 3,729 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total transaction of $764,445.00. Following the sale, the insider owned 40,230 shares of the company’s stock, valued at approximately $8,247,150. This represents a 8.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 67,933 shares of company stock worth $14,363,897 in the last quarter. Company insiders own 1.26% of the company’s stock.

Capital One Financial Company Profile

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.