Edgemoor Investment Advisors Inc. Has $15.76 Million Position in Capital One Financial Corp. (NYSE:COF)

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Edgemoor Investment Advisors Inc. lessened its position in Capital One Financial Corp. (NYSE:COF) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,982 shares of the financial services provider’s stock after selling 729 shares during the period. Capital One Financial makes up 2.0% of Edgemoor Investment Advisors Inc.’s portfolio, making the stock its 13th biggest position. Edgemoor Investment Advisors Inc.’s holdings in Capital One Financial were worth $15,757,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of Capital One Financial by 32.9% in the 1st quarter. LPL Financial LLC now owns 13,372 shares of the financial services provider’s stock worth $1,281,000 after purchasing an additional 3,307 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new position in shares of Capital One Financial in the first quarter valued at approximately $195,000. Brown Advisory Inc. raised its position in shares of Capital One Financial by 83.0% in the first quarter. Brown Advisory Inc. now owns 39,611 shares of the financial services provider’s stock valued at $3,796,000 after purchasing an additional 17,967 shares during the period. Private Trust Co. NA raised its position in shares of Capital One Financial by 22.0% in the second quarter. Private Trust Co. NA now owns 3,190 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 575 shares during the period. Finally, Neville Rodie & Shaw Inc. bought a new position in Capital One Financial during the second quarter worth $1,230,000. 89.50% of the stock is currently owned by institutional investors and hedge funds.

NYSE COF opened at $87.64 on Friday. The company has a market cap of $41.51 billion, a PE ratio of 11.25, a PEG ratio of 0.71 and a beta of 1.27. Capital One Financial Corp. has a 52 week low of $84.94 and a 52 week high of $106.50. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.02.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.89 by $0.23. Capital One Financial had a return on equity of 11.01% and a net margin of 11.84%. The company had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.88 billion. During the same quarter in the previous year, the firm earned $2.42 earnings per share. Capital One Financial’s quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts anticipate that Capital One Financial Corp. will post 11.38 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Monday, November 12th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.60 annualized dividend and a yield of 1.83%. Capital One Financial’s dividend payout ratio is currently 20.54%.

A number of equities research analysts have weighed in on COF shares. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Friday, October 26th. Nomura reduced their target price on shares of Capital One Financial from $109.00 to $98.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 24th. Wells Fargo & Co reduced their price target on shares of Capital One Financial from $110.00 to $103.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 24th. Oppenheimer set a $101.00 target price on Capital One Financial and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Finally, Citigroup reduced their price target on Capital One Financial from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company. Capital One Financial currently has an average rating of “Buy” and an average price target of $109.33.

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Capital One Financial Company Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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