CIBC Bancorp USA Inc. bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 88,251 shares of the financial services provider's stock, valued at approximately $18,760,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cortland Associates Inc. MO purchased a new stake in Capital One Financial during the 3rd quarter worth approximately $14,391,000. CIBC Asset Management Inc raised its stake in shares of Capital One Financial by 53.9% in the second quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider's stock worth $18,830,000 after purchasing an additional 30,991 shares during the last quarter. Meridian Wealth Management LLC lifted its stake in Capital One Financial by 334.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider's stock valued at $1,999,000 after acquiring an additional 7,241 shares during the period. Montecito Bank & Trust acquired a new stake in Capital One Financial during the 3rd quarter valued at approximately $647,000. Finally, National Pension Service boosted its holdings in shares of Capital One Financial by 4.0% in the 3rd quarter. National Pension Service now owns 1,552,736 shares of the financial services provider's stock valued at $330,081,000 after acquiring an additional 59,100 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Capital One Financial
In other news, insider Ravi Raghu sold 13,450 shares of the business's stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the completion of the sale, the insider owned 30,337 shares of the company's stock, valued at $7,584,250. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lia Dean sold 3,284 shares of the company's stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the transaction, the insider owned 70,162 shares of the company's stock, valued at approximately $15,693,836.16. This trade represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 67,933 shares of company stock valued at $14,363,897 in the last three months. Company insiders own 1.26% of the company's stock.
Key Capital One Financial News
Here are the key news stories impacting Capital One Financial this week:
Capital One Financial Stock Down 0.2%
Shares of COF opened at $179.73 on Friday. The firm has a market cap of $111.78 billion, a P/E ratio of 60.72, a PEG ratio of 0.54 and a beta of 1.14. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64. The stock's 50 day moving average is $209.74 and its two-hundred day moving average is $219.63. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44.
Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The business had revenue of $15.62 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same period in the previous year, the company earned $2.67 earnings per share. The company's quarterly revenue was up 53.3% compared to the same quarter last year. Analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.
Capital One Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. Capital One Financial's dividend payout ratio is currently 108.11%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased 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 note on Friday, January 2nd. HSBC decreased their target price on shares of Capital One Financial from $234.00 to $226.00 and set a "hold" rating for the company in a research report on Tuesday, January 20th. JPMorgan Chase & Co. increased their price target on Capital One Financial from $237.00 to $256.00 and gave the stock a "neutral" rating in a research report on Monday, January 12th. Barclays reduced their price objective on Capital One Financial from $294.00 to $287.00 and set an "overweight" rating for the company in a research note on Friday, January 23rd. Finally, Citigroup boosted their price objective on Capital One Financial from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, December 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $275.95.
Read Our Latest Stock Report on Capital One Financial
About Capital One Financial
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).
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