Empowered Funds LLC Raises Stock Holdings in Capital One Financial Co. (NYSE:COF)

Empowered Funds LLC boosted its stake in shares of Capital One Financial Co. (NYSE:COF) by 5.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,197 shares of the financial services provider’s stock after buying an additional 477 shares during the quarter. Empowered Funds LLC’s holdings in Capital One Financial were worth $1,377,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Eminence Capital LP acquired a new stake in Capital One Financial in the 2nd quarter valued at approximately $127,465,000. International Assets Investment Management LLC grew its stake in shares of Capital One Financial by 123.4% in the second quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock valued at $107,016,000 after buying an additional 427,000 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Capital One Financial by 1,518.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider’s stock valued at $61,742,000 after buying an additional 386,870 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Capital One Financial by 31.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,214,929 shares of the financial services provider’s stock worth $180,892,000 after acquiring an additional 292,978 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Capital One Financial by 501.4% during the 2nd quarter. SG Americas Securities LLC now owns 332,700 shares of the financial services provider’s stock valued at $46,062,000 after acquiring an additional 277,377 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Trading Up 1.1 %

Shares of Capital One Financial stock opened at $182.75 on Friday. The company has a fifty day simple moving average of $161.19 and a 200-day simple moving average of $147.44. Capital One Financial Co. has a 12-month low of $105.39 and a 12-month high of $198.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The stock has a market cap of $69.72 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.32 and a beta of 1.43.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same period in the prior year, the company earned $4.45 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. On average, equities analysts forecast that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, November 14th. Capital One Financial’s dividend payout ratio is presently 22.66%.

Insiders Place Their Bets

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the firm’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 completion of the transaction, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,007 shares of company stock worth $4,982,647. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

COF has been the subject of several recent research reports. The Goldman Sachs Group raised their price objective 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. Robert W. Baird boosted their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their price objective on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Citigroup started coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 target price for the company. Finally, Barclays upped their price target on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.