Diversified Management Inc. Buys 14,480 Shares of Capital One Financial Corporation $COF

Key Points

• Diversified Management Inc. purchased 14,480 shares of Capital One Financial in the third quarter, valued at approximately $2.8 million. Other institutional investors also increased their holdings, with institutions collectively owning 89.84% of the company.
• Analysts maintain a generally positive outlook, with 20 Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $257.77.
• Capital One reported quarterly EPS of $5.81, beating 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 per share, representing a 1.6% annualized yield.

Diversified Management Inc. acquired a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,480 shares of the financial services provider's stock, valued at approximately $2,796,000.

Several other large investors have also added to or reduced their stakes in COF. Green Ridge Wealth Planning LLC grew its holdings in Capital One Financial by 166.4% during the 3rd quarter. Green Ridge Wealth Planning LLC now owns 4,763 shares of the financial services provider's stock valued at $920,000 after buying an additional 2,975 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Capital One Financial by 118.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 43,957 shares of the financial services provider's stock worth $8,487,000 after acquiring an additional 23,873 shares during the period. CoreCap Advisors LLC increased its holdings in Capital One Financial by 30.7% during the 3rd quarter. CoreCap Advisors LLC now owns 1,670 shares of the financial services provider's stock worth $322,000 after acquiring an additional 392 shares during the period. Apella Capital LLC lifted its stake in Capital One Financial by 326.8% in the 3rd quarter. Apella Capital LLC now owns 8,434 shares of the financial services provider's stock worth $1,628,000 after purchasing an additional 6,458 shares in the last quarter. Finally, Everhart Financial Group Inc. lifted its stake in Capital One Financial by 90.0% in the 3rd quarter. Everhart Financial Group Inc. now owns 10,262 shares of the financial services provider's stock worth $1,981,000 after purchasing an additional 4,860 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on COF. Barclays reduced their price target on shares of Capital One Financial from $240.00 to $237.00 and set an "overweight" rating for the company in a research report on Monday. Wolfe Research increased their price objective on Capital One Financial from $255.00 to $275.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 25th. Bank of America lowered their price target on Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a research report on Thursday, August 20th. Finally, Wall Street Zen lowered Capital One Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Twenty equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $257.77.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the stock in a transaction on 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 completion of the sale, the insider owned 27,992 shares of the company's stock, valued at $6,102,815.84. This represents a 16.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company's stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $196.22, for a total transaction of $686,770.00. Following the transaction, the general counsel directly 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 33,850 shares of company stock worth $7,167,152 over the last three months. Corporate insiders own 0.78% of the company's stock.

Capital One Financial Trading Up 1.7%

Shares of COF opened at $199.32 on Friday. The firm has a market cap of $122.28 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 0.72 and a beta of 1.04. 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 Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The firm has a 50 day moving average price of $210.37 and a 200-day moving average price of $199.66.

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

Capital One Financial Dividend Announcement

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

About Capital One Financial

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.