FNY Investment Advisers LLC Boosts Stock Position in Capital One Financial Corporation $COF

FNY Investment Advisers LLC boosted its position in Capital One Financial Corporation (NYSE:COF) by 2,698.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,750 shares of the financial services provider’s stock after purchasing an additional 3,616 shares during the quarter. FNY Investment Advisers LLC’s holdings in Capital One Financial were worth $797,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of COF. Strive Asset Management LLC purchased a new position in shares of Capital One Financial in the 3rd quarter worth approximately $28,000. Howard Hughes Medical Institute bought a new position in shares of Capital One Financial during the 2nd quarter worth approximately $29,000. WFA of San Diego LLC purchased a new stake in Capital One Financial during the second quarter valued at approximately $32,000. Crowley Wealth Management Inc. acquired a new stake in Capital One Financial in the third quarter valued at approximately $33,000. Finally, Adalta Capital Management LLC acquired a new stake in Capital One Financial in the third quarter valued at approximately $38,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 3,284 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the sale, the insider owned 70,162 shares in the company, valued at approximately $15,693,836.16. The trade was a 4.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Celia Karam sold 2,108 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the transaction, the insider directly owned 59,269 shares in the company, valued at $12,935,459.25. This represents a 3.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 67,933 shares of company stock worth $14,363,897 in the last quarter. 1.26% of the stock is owned by insiders.

Capital One Financial Trading Down 1.9%

Shares of Capital One Financial stock opened at $179.97 on Thursday. The firm’s 50 day simple moving average is $211.26 and its two-hundred day simple moving average is $219.91. The firm has a market capitalization of $111.93 billion, a price-to-earnings ratio of 60.80, a PEG ratio of 0.55 and a beta of 1.14. 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 posted its quarterly earnings data 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). The company had revenue of $15.62 billion for the quarter, compared to analyst estimates of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The company’s quarterly revenue was up 53.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.67 earnings per share. Analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. Capital One Financial’s payout ratio is currently 108.11%.

Analysts Set New Price Targets

COF has been the topic of several analyst reports. Citigroup lifted their price target on shares of Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Jefferies Financial Group reissued a “buy” rating and issued a $300.00 price objective on shares of Capital One Financial in a research report on Monday. Morgan Stanley boosted their target price on Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Keefe, Bruyette & Woods upped their target price on Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Finally, BTIG Research decreased their price target on Capital One Financial from $308.00 to $270.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $275.95.

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.