Brooklyn Investment Group Takes Position in Capital One Financial Co. (NYSE:COF)

Brooklyn Investment Group acquired a new position in Capital One Financial Co. (NYSE:COF) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,390 shares of the financial services provider’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Management One Co. Ltd. grew its position in Capital One Financial by 5.3% in the third quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock worth $21,976,000 after buying an additional 7,331 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Capital One Financial in the 3rd quarter worth $1,649,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Capital One Financial during the second quarter worth $511,000. QRG Capital Management Inc. lifted its holdings in shares of Capital One Financial by 3.2% during the second quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock valued at $16,927,000 after purchasing an additional 3,776 shares during the last quarter. Finally, Cetera Advisors LLC boosted its position in shares of Capital One Financial by 114.0% in the 1st quarter. Cetera Advisors LLC now owns 7,948 shares of the financial services provider’s stock valued at $1,183,000 after purchasing an additional 4,234 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on COF shares. The Goldman Sachs Group boosted their price objective on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Royal Bank of Canada boosted their price target on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Evercore ISI upped their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Finally, Barclays increased their target price on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Eleven investment 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 has a consensus rating of “Hold” and an average target price of $160.18.

Capital One Financial Stock Down 0.2 %

COF opened at $191.50 on Wednesday. Capital One Financial Co. has a twelve month low of $105.43 and a twelve month 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 business has a 50 day moving average price of $164.10 and a 200 day moving average price of $148.50. The firm has a market cap of $73.06 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.36 and a beta of 1.43.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same period in the previous year, the company earned $4.45 earnings per share. Capital One Financial’s revenue for the quarter was up 6.8% on a year-over-year basis. Research analysts forecast that Capital One Financial Co. will post 13.54 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is 22.66%.

Insider Activity

In other news, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was 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 directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kara West sold 721 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares in the company, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is owned by insiders.

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.