Jupiter Asset Management Ltd. Grows Stock Position in Capital One Financial Corporation $COF

Jupiter Asset Management Ltd. increased its position in shares of Capital One Financial Corporation (NYSE:COF) by 19.9% in the 3rd quarter, Holdings Channel reports. The firm owned 384,364 shares of the financial services provider’s stock after purchasing an additional 63,902 shares during the period. Jupiter Asset Management Ltd.’s holdings in Capital One Financial were worth $81,708,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in COF. FNY Investment Advisers LLC purchased a new stake in shares of Capital One Financial during the second quarter worth $28,000. Solstein Capital LLC purchased a new stake in Capital One Financial in the 2nd quarter valued at $28,000. Roble Belko & Company Inc acquired a new stake in shares of Capital One Financial in the 2nd quarter worth $28,000. Howard Hughes Medical Institute purchased a new position in shares of Capital One Financial during the 2nd quarter worth $29,000. Finally, Washington Trust Advisors Inc. boosted its position in shares of Capital One Financial by 113.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 76 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COF has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Keefe, Bruyette & Woods lifted their price target on shares of Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. HSBC decreased their price target on Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Morgan Stanley lifted their price objective on Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Citigroup increased their target price on Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $274.70.

Capital One Financial Stock Down 2.3%

Shares of NYSE COF opened at $205.08 on Friday. The stock has a market cap of $130.38 billion, a P/E ratio of 69.28, a PEG ratio of 0.62 and a beta of 1.14. The business’s fifty day simple moving average is $232.17 and its 200-day simple moving average is $223.33. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The business’s revenue was up 53.3% compared to the same quarter last year. During the same period last year, the firm earned $2.67 EPS. As a group, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

Insider Activity

In other news, insider Celia Karam sold 2,936 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total value of $640,488.40. Following the sale, the insider directly owned 63,433 shares in the company, valued at approximately $13,837,908.95. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ravi Raghu sold 13,450 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the transaction, the insider owned 30,337 shares of the company’s stock, valued at approximately $7,584,250. The trade was a 30.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,274 shares of company stock worth $8,131,054 over the last three months. Insiders own 1.26% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.