Atom Investors LP Makes New $10.56 Million Investment in Capital One Financial Co. (NYSE:COF)

Atom Investors LP acquired a new position in shares of Capital One Financial Co. (NYSE:COF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 70,545 shares of the financial services provider’s stock, valued at approximately $10,563,000. Capital One Financial makes up approximately 1.1% of Atom Investors LP’s investment portfolio, making the stock its 6th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COF. Asset Management One Co. Ltd. boosted its stake in shares of Capital One Financial by 5.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock valued at $21,976,000 after buying an additional 7,331 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Capital One Financial during the 3rd quarter valued at $1,649,000. Fisher Asset Management LLC boosted its stake in shares of Capital One Financial by 0.7% during the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock valued at $1,451,527,000 after buying an additional 72,097 shares during the period. Clear Harbor Asset Management LLC acquired a new stake in shares of Capital One Financial during the 2nd quarter valued at $511,000. Finally, Dai ichi Life Insurance Company Ltd boosted its stake in shares of Capital One Financial by 36.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 11,162 shares of the financial services provider’s stock valued at $1,671,000 after buying an additional 3,000 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on COF shares. Barclays lifted their price objective 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. The Goldman Sachs Group lifted their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Robert W. Baird lifted their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Finally, Evercore ISI lifted their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial has a consensus rating of “Hold” and a consensus target price of $160.18.

Insider Transactions at Capital One Financial

In related news, 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 sale, the insider now owns 44,711 shares of the company’s stock, valued at $7,153,760. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the sale, the insider now directly owns 19,776 shares in the company, valued at approximately $3,211,029.12. The trade was a 9.16 % 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 company insiders.

Capital One Financial Stock Performance

NYSE:COF opened at $192.01 on Monday. The firm’s 50-day moving average is $166.58 and its 200-day moving average is $149.52. Capital One Financial Co. has a 52-week low of $110.18 and a 52-week high of $198.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $73.25 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.40 and a beta of 1.43.

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

Capital One Financial Announces Dividend

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