Capital One Financial Corporation $COF Shares Purchased by Conning Inc.

Conning Inc. lifted its position in shares of Capital One Financial Corporation (NYSE:COF) by 59.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,809 shares of the financial services provider’s stock after purchasing an additional 1,424 shares during the period. Conning Inc.’s holdings in Capital One Financial were worth $810,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. WPG Advisers LLC acquired a new position in Capital One Financial in the 1st quarter worth $25,000. Moisand Fitzgerald Tamayo LLC lifted its stake 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 acquiring an additional 62 shares in the last quarter. Olistico Wealth LLC lifted its stake in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 101 shares in the last quarter. Saudi Central Bank acquired a new position in shares of Capital One Financial in the first quarter worth about $27,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Capital One Financial in the second quarter worth about $27,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Timothy P. Golden sold 207 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer owned 8,780 shares of the company’s stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the sale, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock valued at $5,103,824 over the last three months. Corporate insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price 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. TD Cowen upped their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday, October 6th. JPMorgan Chase & Co. cut their price target on shares of Capital One Financial from $248.00 to $235.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $252.78.

Capital One Financial Stock Down 4.0%

Shares of NYSE:COF opened at $202.37 on Friday. The stock has a market capitalization of $129.42 billion, a price-to-earnings ratio of 103.78, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45. The company’s fifty day moving average is $219.02 and its two-hundred day moving average is $202.27. 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 released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. Capital One Financial’s revenue was up 31.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.14 EPS. Equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.2%. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Capital One Financial Profile

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.