Prime Capital Investment Advisors LLC Grows Position in Capital One Financial Corporation $COF

Prime Capital Investment Advisors LLC lifted its position in Capital One Financial Corporation (NYSE:COF) by 15.5% during the 2nd quarter, Holdings Channel reports. The firm owned 7,999 shares of the financial services provider’s stock after acquiring an additional 1,071 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Capital One Financial were worth $1,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC increased its position in Capital One Financial by 3.6% during the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 49 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. increased its position in shares of Capital One Financial by 0.3% during the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider’s stock valued at $3,532,000 after purchasing an additional 50 shares during the last quarter. TFB Advisors LLC increased its position in shares of Capital One Financial by 3.4% during the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 51 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Capital One Financial by 0.9% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider’s stock worth $1,097,000 after purchasing an additional 53 shares during the period. Finally, tru Independence LLC boosted its holdings in shares of Capital One Financial by 1.7% in the second quarter. tru Independence LLC now owns 3,202 shares of the financial services provider’s stock worth $681,000 after buying an additional 55 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Transactions at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel owned 98,486 shares of the company’s stock, valued at $20,878,047.14. The trade was a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the sale, the chief accounting officer directly owned 8,987 shares in the company, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $211.79 on Thursday. The firm has a market cap of $135.44 billion, a price-to-earnings ratio of 108.61, a P/E/G ratio of 0.79 and a beta of 1.18. The firm has a fifty day moving average price of $219.22 and a 200 day moving average price of $201.77. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.14 EPS. As a group, sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. TD Cowen upped their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a report on Wednesday. Royal Bank Of Canada upped their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Capital One Financial from $215.00 to $224.00 and gave the company a “hold” rating in a research report on Thursday, October 2nd. Finally, Citigroup increased their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $250.44.

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.