Studio Investment Management LLC Buys 84 Shares of Capital One Financial Co. (NYSE:COF)

Studio Investment Management LLC increased its position in shares of Capital One Financial Co. (NYSE:COF) by 4.8% during the third quarter, Holdings Channel reports. The institutional investor owned 1,838 shares of the financial services provider’s stock after purchasing an additional 84 shares during the quarter. Studio Investment Management LLC’s holdings in Capital One Financial were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eminence Capital LP acquired a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $127,465,000. International Assets Investment Management LLC lifted its position in 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 worth $107,016,000 after purchasing an additional 427,000 shares during the period. Assenagon Asset Management S.A. boosted its stake in Capital One Financial by 1,518.0% during the third quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider’s stock worth $61,742,000 after buying an additional 386,870 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Capital One Financial by 31.8% during the first 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 in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Capital One Financial by 501.4% in 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 buying an additional 277,377 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price 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. JPMorgan Chase & Co. upped their price objective 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. Evercore ISI raised their target price on 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. Citigroup started coverage on Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price objective on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $160.18.

Insider Activity

In other news, insider Kara West sold 721 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the transaction, the insider now owns 12,929 shares of the company’s stock, valued at $2,388,374.17. This represents a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares of the company’s stock, valued at $7,153,760. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is currently owned by insiders.

Capital One Financial Price Performance

Shares of COF stock opened at $187.06 on Friday. 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 firm has a market capitalization of $71.37 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.32 and a beta of 1.43. The firm’s 50 day moving average is $162.15 and its 200-day moving average is $147.74. Capital One Financial Co. has a 1 year low of $105.43 and a 1 year high of $198.30.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $4.45 EPS. Sell-side 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 announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.28%. Capital One Financial’s payout ratio is presently 22.66%.

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.