Creative Planning Acquires 3,507 Shares of Capital One Financial Co. (NYSE:COF)

Creative Planning boosted its holdings in Capital One Financial Co. (NYSE:COF) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,492 shares of the financial services provider’s stock after purchasing an additional 3,507 shares during the quarter. Creative Planning’s holdings in Capital One Financial were worth $7,860,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Financial Security Advisor Inc. boosted its holdings in shares of Capital One Financial by 2.4% in the 1st quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock valued at $485,000 after purchasing an additional 75 shares in the last quarter. Valley National Advisers Inc. raised its stake in Capital One Financial by 0.5% during the first quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock worth $2,435,000 after acquiring an additional 75 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Capital One Financial by 11.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 75 shares during the last quarter. Bangor Savings Bank boosted its stake in shares of Capital One Financial by 20.8% in the 3rd quarter. Bangor Savings Bank now owns 448 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 77 shares in the last quarter. Finally, Grove Bank & Trust grew its holdings in shares of Capital One Financial by 9.3% during the 3rd quarter. Grove Bank & Trust now owns 909 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the subject of several research reports. Barclays increased their price objective on shares of Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a research note on Thursday, July 25th. Bank of America boosted their price target on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Evercore ISI decreased their price objective on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. increased their price target on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Twelve equities research 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.com, the stock has a consensus rating of “Hold” and a consensus price target of $151.56.

Capital One Financial Trading Down 1.1 %

NYSE:COF opened at $154.23 on Thursday. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $160.45. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $58.64 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.22 and a beta of 1.44. The firm has a fifty day simple moving average of $147.07 and a two-hundred day simple moving average of $142.68.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the firm earned $3.52 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that Capital One Financial Co. will post 12.87 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 annualized dividend and a yield of 1.56%. Capital One Financial’s payout ratio is 18.79%.

Insider Activity at Capital One Financial

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.