Manning & Napier Advisors LLC Invests $3.59 Million in Capital One Financial Corporation (NYSE:COF)

Manning & Napier Advisors LLC bought a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,000 shares of the financial services provider's stock, valued at approximately $3,586,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after acquiring an additional 10,428 shares during the period. Ieq Capital LLC increased its position in Capital One Financial by 33.4% during the fourth quarter. Ieq Capital LLC now owns 20,082 shares of the financial services provider's stock worth $3,581,000 after purchasing an additional 5,024 shares during the last quarter. ING Groep NV purchased a new position in Capital One Financial during the fourth quarter worth approximately $3,075,000. Pinnacle Financial Partners Inc raised its stake in Capital One Financial by 5.5% during the fourth quarter. Pinnacle Financial Partners Inc now owns 14,541 shares of the financial services provider's stock worth $2,593,000 after purchasing an additional 764 shares during the period. Finally, FPC Investment Advisory Inc. acquired a new position in shares of Capital One Financial in the 4th quarter valued at $51,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a report on Tuesday, March 25th. Citigroup dropped their price target on Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Evercore ISI upgraded Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price objective on the stock in a report on Wednesday, March 12th. Barclays reaffirmed an "overweight" rating and issued a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research note on Monday. Finally, Wells Fargo & Company increased their target price on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $215.86.

Capital One Financial Stock Up 1.4%

NYSE:COF traded up $2.90 during trading hours on Thursday, hitting $210.93. The stock had a trading volume of 3,585,195 shares, compared to its average volume of 3,584,989. The company has a market cap of $80.82 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 0.91 and a beta of 1.13. The business has a 50 day simple moving average of $191.24 and a two-hundred day simple moving average of $186.22. Capital One Financial Corporation has a 1-year low of $128.23 and a 1-year high of $211.53. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. Analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.60 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.14%. Capital One Financial's dividend payout ratio is presently 20.15%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the sale, the insider now owns 20,089 shares in the company, valued at $4,005,746.60. This trade represents a 32.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the transaction, the director now directly owns 56,244 shares in the company, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.

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.