Cantor Fitzgerald Investment Advisors L.P. Boosts Stock Position in Capital One Financial Corporation $COF

Cantor Fitzgerald Investment Advisors L.P. grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,603 shares of the financial services provider’s stock after acquiring an additional 50 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Capital One Financial were worth $3,532,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC raised its position in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after buying an additional 62 shares in the last quarter. Signature Resources Capital Management LLC purchased a new stake in shares of Capital One Financial in the second quarter worth $28,000. WPG Advisers LLC purchased a new stake in shares of Capital One Financial in the first quarter worth $25,000. Saudi Central Bank purchased a new stake in shares of Capital One Financial in the first quarter worth $27,000. Finally, First United Bank & Trust purchased a new stake in shares of Capital One Financial in the second quarter worth $32,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 0.5%

NYSE COF opened at $213.55 on Thursday. The stock’s 50-day simple moving average is $219.22 and its two-hundred day simple moving average is $200.32. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The company has a market capitalization of $136.57 billion, a price-to-earnings ratio of 109.51, a PEG ratio of 0.81 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period last year, the business posted $3.14 earnings per share. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. Research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on COF shares. Barclays reiterated an “overweight” rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Citigroup raised their price target on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Wells Fargo & Company raised their price target on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Finally, Morgan Stanley raised their price target on Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.29.

Insider Buying and Selling

In other news, CAO Timothy P. Golden sold 3,462 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares of the company’s stock, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total value of $446,800.00. Following the transaction, the general counsel directly owned 100,486 shares in the company, valued at $22,448,572.40. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 over the last three months. 1.26% of the stock is owned by corporate 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.