Intech Investment Management LLC Buys New Stake in Capital One Financial Co. (NYSE:COF)

Intech Investment Management LLC acquired a new stake in shares of Capital One Financial Co. (NYSE:COF) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,659 shares of the financial services provider’s stock, valued at approximately $248,000.

Other institutional investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd purchased a new position in shares of Capital One Financial in the second quarter worth about $28,000. Hobbs Group Advisors LLC acquired a new stake in Capital One Financial during the second quarter worth about $29,000. Unique Wealth Strategies LLC purchased a new position in Capital One Financial during the second quarter valued at approximately $36,000. Catalyst Capital Advisors LLC acquired a new position in Capital One Financial in the third quarter valued at approximately $36,000. Finally, Accordant Advisory Group Inc purchased a new stake in Capital One Financial during the second quarter worth $42,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Trading Up 0.0 %

COF opened at $185.57 on Friday. Capital One Financial Co. has a one year low of $113.42 and a one year high of $198.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $70.80 billion, a PE ratio of 17.52, a P/E/G ratio of 1.36 and a beta of 1.45. The business’s 50 day moving average price is $169.63 and its 200 day moving average price is $150.66.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same period last year, the company earned $4.45 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts expect that Capital One Financial Co. will post 13.54 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.29%. Capital One Financial’s payout ratio is currently 22.66%.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares in the company, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the transaction, the insider now directly owns 19,776 shares of the company’s stock, valued at $3,211,029.12. This represents a 9.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,007 shares of company stock worth $4,982,647. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Citigroup assumed coverage on shares of Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 price target on the stock. Evercore ISI increased their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. The Goldman Sachs Group raised their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Robert W. Baird boosted their price target on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $160.18.

Capital One Financial Company Profile

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.