Capital One Financial Corporation $COF Stock: NorthCrest Asset Manangement LLC Boosts Stake

Key Points

• NorthCrest Asset Management increased its Capital One stake by 21.4% in the third quarter, bringing its holdings to 89,494 shares valued at approximately $16.2 million. Institutional investors collectively own 89.84% of COF shares.
• Analysts maintain a favorable outlook, with 20 Buy ratings and five Holds, resulting in a “Moderate Buy” consensus and an average price target of $255.04.
• Capital One reported quarterly EPS of $5.81, exceeding estimates by $1.02, while revenue rose 26.9% year over year to $15.83 billion. The company also pays a quarterly dividend of $0.80, representing a 1.6% annual yield.

NorthCrest Asset Manangement LLC grew its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 21.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,494 shares of the financial services provider's stock after buying an additional 15,757 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Capital One Financial were worth $16,229,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Perpetual Ltd increased its stake in Capital One Financial by 144.1% during the third quarter. Perpetual Ltd now owns 13,670 shares of the financial services provider's stock worth $2,639,000 after acquiring an additional 8,070 shares during the last quarter. Scott Capital Advisors LLC purchased a new stake in Capital One Financial during the third quarter valued at approximately $226,000. Armstrong Advisory Group Inc. raised its position in Capital One Financial by 235.3% during the third quarter. Armstrong Advisory Group Inc. now owns 11,253 shares of the financial services provider's stock valued at $2,173,000 after purchasing an additional 7,897 shares during the period. Marquette Asset Management LLC lifted its stake in shares of Capital One Financial by 584.2% in the 3rd quarter. Marquette Asset Management LLC now owns 691 shares of the financial services provider's stock valued at $133,000 after purchasing an additional 590 shares during the last quarter. Finally, Gilpin Wealth Management LLC bought a new stake in shares of Capital One Financial in the 3rd quarter valued at approximately $27,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COF has been the subject of a number of recent research reports. BTIG Research lifted their target price on Capital One Financial from $224.00 to $259.00 and gave the stock a "buy" rating in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a report on Thursday, August 20th. BMO Capital Markets started coverage on Capital One Financial in a research report on Friday. They issued a "market perform" rating and a $219.00 price target for the company. Wolfe Research lifted their price objective on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. Finally, UBS Group lifted their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Twenty investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $255.04.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $200.93 on Tuesday. The firm has a market cap of $123.27 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.73 and a beta of 1.04. The firm's 50 day simple moving average is $209.83 and its 200-day simple moving average is $199.88. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%. The business's revenue was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.48 EPS. As a group, equities analysts predict that Capital One Financial Corporation will post 20.33 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial's dividend payout ratio is 19.80%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the transaction, the insider owned 27,992 shares of the company's stock, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Timothy Golden sold 3,487 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the sale, the chief accounting officer owned 7,429 shares of the company's stock, valued at approximately $1,567,519. This represents a 31.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,850 shares of company stock worth $7,167,152 over the last quarter. Corporate insiders own 0.78% of the company's stock.

Capital One Financial Company Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.

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