M&G Plc Boosts Holdings in Capital One Financial Co. (NYSE:COF)

M&G Plc lifted its position in Capital One Financial Co. (NYSE:COF) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,503 shares of the financial services provider’s stock after acquiring an additional 1,959 shares during the period. M&G Plc’s holdings in Capital One Financial were worth $10,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LRI Investments LLC acquired a new position in shares of Capital One Financial during the 1st quarter worth approximately $25,000. Y.D. More Investments Ltd acquired a new position in Capital One Financial during the second quarter worth $28,000. Hobbs Group Advisors LLC purchased a new stake in Capital One Financial in the 2nd quarter valued at $29,000. Unique Wealth Strategies LLC acquired a new stake in shares of Capital One Financial in the 2nd quarter worth $36,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Capital One Financial during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on COF shares. Citigroup began coverage on shares of Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective for the company. Bank of America raised their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Robert W. Baird upped their price objective on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Barclays increased their price objective 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. Finally, Evercore ISI upped their price target on 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $156.35.

Capital One Financial Price Performance

Shares of COF opened at $184.81 on Friday. The company has a market cap of $70.51 billion, a P/E ratio of 17.45, a PEG ratio of 1.22 and a beta of 1.43. Capital One Financial Co. has a fifty-two week low of $102.63 and a fifty-two week high of $198.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average price is $151.92 and its 200 day moving average price is $144.43.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $9.88 billion. During the same period last year, the firm earned $4.45 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, research analysts forecast that Capital One Financial Co. will post 13.17 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 14th will be issued a $0.60 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.30%. Capital One Financial’s dividend payout ratio (DPR) is 22.66%.

Insider Buying and Selling

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the sale, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Frank G. LapradeIii sold 15,751 shares of the company’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 directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the transaction, the insider now owns 19,776 shares in the company, valued at approximately $3,211,029.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.