Candriam S.C.A. Buys 93,558 Shares of Capital One Financial Corporation $COF

Key Points

• Candriam S.C.A. increased its Capital One stake by 149.7% in the third quarter, buying 93,558 shares and ending the period with 156,048 shares valued at about $30.2 million.
• Capital One reported quarterly EPS of $6.69, beating estimates of $5.53, while revenue reached $16.31 billion, up 6.4% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $256.50; the company also announced a quarterly dividend of $0.80 per share.

Candriam S.C.A. increased its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 149.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 156,048 shares of the financial services provider's stock after buying an additional 93,558 shares during the period. Candriam S.C.A.'s holdings in Capital One Financial were worth $30,238,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in COF. Krilogy Financial LLC lifted its holdings in Capital One Financial by 69.0% during the third quarter. Krilogy Financial LLC now owns 25,629 shares of the financial services provider's stock valued at $4,948,000 after purchasing an additional 10,464 shares during the last quarter. Sculptor Capital LP bought a new position in Capital One Financial during the first quarter worth about $33,932,000. Swiss National Bank increased its stake in shares of Capital One Financial by 6.5% in the first quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider's stock worth $340,363,000 after purchasing an additional 113,200 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Capital One Financial in the second quarter worth about $73,364,000. Finally, Professional Financial Advisors LLC raised its position in shares of Capital One Financial by 645.8% in the second quarter. Professional Financial Advisors LLC now owns 9,710 shares of the financial services provider's stock valued at $1,948,000 after purchasing an additional 8,408 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on COF. Wall Street Zen downgraded Capital One Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. TD Cowen lifted their price target on Capital One Financial from $242.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, October 21st. Citigroup boosted their price objective on Capital One Financial from $280.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, October 21st. Evercore reissued an "outperform" rating and set a $230.00 price objective on shares of Capital One Financial in a report on Tuesday, October 27th. Finally, HSBC upgraded Capital One Financial from a "hold" rating to a "buy" rating and raised their target price for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. Twenty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average price target of $256.50.

Capital One Financial Stock Performance

Capital One Financial stock opened at $202.03 on Monday. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $121.53 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10. The firm's 50 day simple moving average is $203.60 and its 200 day simple moving average is $200.92.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, beating the consensus estimate of $5.53 by $1.16. The firm had revenue of $16.31 billion during the quarter, compared to the consensus estimate of $16.25 billion. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $5.95 EPS. As a group, analysts expect that Capital One Financial Corporation will post 21.53 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, November 16th. Capital One Financial's dividend payout ratio (DPR) is 18.89%.

Insiders Place Their Bets

In related news, General Counsel Matthew Cooper sold 3,500 shares of Capital One Financial stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total transaction of $686,770.00. Following the completion of the sale, the general counsel owned 79,694 shares of the company's stock, valued at approximately $15,637,556.68. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,927 shares of Capital One Financial stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $195.86, for a total value of $377,422.22. Following the sale, the insider directly owned 55,774 shares of the company's stock, valued at $10,923,895.64. This represents a 3.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 200,464 shares of company stock worth $40,942,597. 0.78% of the stock is currently owned by corporate insiders.

Capital One Financial Profile

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