Bridgewater Associates LP Purchases 43,818 Shares of Capital One Financial Co. (NYSE:COF)

Bridgewater Associates LP increased its holdings in shares of Capital One Financial Co. (NYSE:COF) by 100.0% in the third quarter, HoldingsChannel reports. The firm owned 87,650 shares of the financial services provider’s stock after buying an additional 43,818 shares during the period. Bridgewater Associates LP’s holdings in Capital One Financial were worth $13,124,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of COF. LRI Investments LLC acquired a new position in shares of Capital One Financial during the 1st quarter worth approximately $25,000. Y.D. More Investments Ltd acquired a new position in shares of Capital One Financial in the second quarter valued at $28,000. Hobbs Group Advisors LLC bought a new position in shares of Capital One Financial in the second quarter valued at about $29,000. Unique Wealth Strategies LLC bought a new position in shares of Capital One Financial in the second quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Capital One Financial during the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of the firm’s 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 sale, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the company’s 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 transaction, the insider now owns 44,711 shares of the company’s stock, valued at $7,153,760. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,007 shares of company stock worth $4,982,647. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada increased 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 report on Friday, October 25th. The Goldman Sachs Group lifted their price target on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Citigroup assumed coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective on the stock. Robert W. Baird lifted their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a 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 note on Tuesday, October 8th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $160.18.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $191.29 on Friday. Capital One Financial Co. has a 1 year low of $106.14 and a 1 year high of $198.30. The stock has a market capitalization of $72.98 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.40 and a beta of 1.43. 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’s 50 day simple moving average is $165.78 and its 200 day simple moving average is $149.10.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) 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 company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter last year, the company posted $4.45 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, research analysts predict that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.25%. Capital One Financial’s dividend payout ratio (DPR) is currently 22.66%.

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.