Capital One Financial Co. (NYSE:COF) Shares Acquired by Studio Investment Management LLC

Studio Investment Management LLC raised its holdings in shares of Capital One Financial Co. (NYSE:COF) by 4.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,838 shares of the financial services provider’s stock after buying an additional 84 shares during the period. Studio Investment Management LLC’s holdings in Capital One Financial were worth $275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Prossimo Advisors LLC boosted its holdings in shares of Capital One Financial by 2.4% in the third quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock worth $410,000 after buying an additional 65 shares during the period. Arkadios Wealth Advisors lifted its position in shares of Capital One Financial by 3.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 66 shares in the last quarter. Harbour Investments Inc. boosted its stake in Capital One Financial by 0.7% in the 3rd quarter. Harbour Investments Inc. now owns 9,579 shares of the financial services provider’s stock worth $1,434,000 after purchasing an additional 71 shares during the period. Arvest Investments Inc. grew its position in Capital One Financial by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider’s stock worth $975,000 after purchasing an additional 75 shares in the last quarter. Finally, Bangor Savings Bank grew its position in Capital One Financial by 20.8% during the 3rd quarter. Bangor Savings Bank now owns 448 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling

In related news, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the transaction, the insider now owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kara West sold 721 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,007 shares of company stock valued at $4,982,647. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COF. Barclays raised their target price on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Robert W. Baird lifted their target price on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their target price on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Citigroup began coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 price target for the company. Finally, Evercore ISI upped their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $160.18.

Capital One Financial Trading Up 2.4 %

Capital One Financial stock opened at $187.06 on Friday. Capital One Financial Co. has a one year low of $105.43 and a one year high of $198.30. The company’s fifty day moving average price is $162.15 and its two-hundred day moving average price is $147.74. The company has a market capitalization of $71.37 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.32 and a beta of 1.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the prior year, the firm posted $4.45 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts forecast that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s payout ratio is 22.66%.

About Capital One Financial

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.