DRW Securities LLC Raises Stock Holdings in Capital One Financial Co. (NYSE:COF)

DRW Securities LLC boosted its holdings in Capital One Financial Co. (NYSE:COF) by 207.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,606 shares of the financial services provider’s stock after buying an additional 6,482 shares during the quarter. DRW Securities LLC’s holdings in Capital One Financial were worth $1,438,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Fisher Asset Management LLC raised its position in Capital One Financial by 0.7% in the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock worth $1,451,527,000 after buying an additional 72,097 shares during the last quarter. Clearbridge Investments LLC raised its position in Capital One Financial by 5.5% in the 2nd quarter. Clearbridge Investments LLC now owns 3,663,439 shares of the financial services provider’s stock worth $507,203,000 after buying an additional 189,843 shares during the last quarter. Legal & General Group Plc raised its position in Capital One Financial by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider’s stock worth $461,204,000 after buying an additional 79,908 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Capital One Financial by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,687,999 shares of the financial services provider’s stock worth $402,474,000 after buying an additional 28,541 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Capital One Financial by 31.8% in 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 buying an additional 292,978 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 2.6 %

COF stock opened at $191.93 on Tuesday. Capital One Financial Co. has a 1-year low of $105.43 and a 1-year high of $198.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $73.22 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.36 and a beta of 1.43. The business has a 50 day simple moving average of $163.17 and a two-hundred day simple moving average of $148.16.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping 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 posted $4.45 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Research analysts anticipate that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.25%. Capital One Financial’s payout ratio is 22.66%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on COF. Robert W. Baird upped their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Evercore ISI upped their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Citigroup began coverage on shares of Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price target for the company. Royal Bank of Canada upped their price target on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, Barclays upped their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $160.18.

Insiders Place Their Bets

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

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.