Creative Planning Acquires 93,856 Shares of Capital One Financial Corporation $COF

Creative Planning grew its holdings in Capital One Financial Corporation (NYSE:COF) by 127.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,696 shares of the financial services provider’s stock after purchasing an additional 93,856 shares during the period. Creative Planning’s holdings in Capital One Financial were worth $35,679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of COF. SG Americas Securities LLC lifted its position in shares of Capital One Financial by 26.2% during the second quarter. SG Americas Securities LLC now owns 332,456 shares of the financial services provider’s stock worth $70,733,000 after acquiring an additional 69,085 shares in the last quarter. Compass Financial Services Inc purchased a new position in shares of Capital One Financial in the second quarter valued at $61,000. Meridian Wealth Management LLC bought a new stake in shares of Capital One Financial during the 2nd quarter valued at $460,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Capital One Financial by 79.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 156,872 shares of the financial services provider’s stock worth $33,376,000 after purchasing an additional 69,696 shares in the last quarter. Finally, Empower Advisory Group LLC boosted its stake in Capital One Financial by 40.6% in the 2nd quarter. Empower Advisory Group LLC now owns 4,429 shares of the financial services provider’s stock worth $942,000 after purchasing an additional 1,280 shares during the period. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

Capital One Financial stock opened at $210.74 on Friday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $133.97 billion, a P/E ratio of 88.92, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19. The firm’s fifty day moving average price is $218.70 and its 200-day moving average price is $210.96.

Capital One Financial (NYSE:COF) last announced its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The company had revenue of $15.46 billion during the quarter. On average, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a dividend of $0.80 per share. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, November 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 135.02%.

Insider Transactions at Capital One Financial

In related news, CAO Timothy P. Golden sold 207 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer owned 8,780 shares in the company, valued at $1,891,299.80. The trade was a 2.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Neal Blinde sold 43,200 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the transaction, the insider owned 73,020 shares in the company, valued at $16,198,026.60. The trade was a 37.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 256,380 shares of company stock valued at $57,129,478. 1.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COF. The Goldman Sachs Group upped their price target on Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a report on Thursday. 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. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a report on Friday, August 1st. They issued a “buy” rating and a $290.00 price target for the company. Finally, Wolfe Research upped their price target on shares of Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $261.63.

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.