Quest Partners LLC Increases Holdings in Capital One Financial Co. (NYSE:COF)

Quest Partners LLC boosted its position in Capital One Financial Co. (NYSE:COF) by 90.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,079 shares of the financial services provider’s stock after buying an additional 7,145 shares during the period. Quest Partners LLC’s holdings in Capital One Financial were worth $2,258,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COF. Osaic Holdings Inc. increased its stake in shares of Capital One Financial by 8.3% during the 1st quarter. Osaic Holdings Inc. now owns 68,119 shares of the financial services provider’s stock worth $10,145,000 after purchasing an additional 5,198 shares in the last quarter. UniSuper Management Pty Ltd increased its position in Capital One Financial by 241.5% during the first quarter. UniSuper Management Pty Ltd now owns 11,825 shares of the financial services provider’s stock worth $1,761,000 after buying an additional 8,362 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Capital One Financial by 52.5% in the first quarter. Bessemer Group Inc. now owns 30,455 shares of the financial services provider’s stock worth $4,534,000 after acquiring an additional 10,480 shares during the last quarter. Lake Street Advisors Group LLC lifted its position in shares of Capital One Financial by 52.7% in the first quarter. Lake Street Advisors Group LLC now owns 3,964 shares of the financial services provider’s stock valued at $590,000 after acquiring an additional 1,368 shares in the last quarter. Finally, Pitcairn Co. increased its position in Capital One Financial by 4.0% during the 1st quarter. Pitcairn Co. now owns 8,774 shares of the financial services provider’s stock worth $1,306,000 after purchasing an additional 340 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Down 1.2 %

Shares of NYSE COF opened at $182.86 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial Co. has a 12-month low of $105.39 and a 12-month high of $198.30. The company has a market cap of $69.76 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.37 and a beta of 1.43. The stock has a fifty day moving average price of $158.54 and a 200 day moving average price of $146.68.

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

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, November 14th. Capital One Financial’s payout ratio is currently 22.66%.

Insider Activity

In other news, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction on Thursday, October 17th. The stock was 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 of the company’s stock, valued at approximately $7,153,760. This represents a 26.05 % 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. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on COF shares. Citigroup initiated coverage on shares of Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 target price on the stock. Evercore ISI raised their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Bank of America boosted their price target on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Barclays raised their price objective 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. Finally, JPMorgan Chase & Co. upped their target price 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. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $156.35.

About Capital One Financial

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.