Intech Investment Management LLC Boosts Stock Holdings in Capital One Financial Corporation $COF

Intech Investment Management LLC increased its position in Capital One Financial Corporation (NYSE:COF) by 70.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,250 shares of the financial services provider’s stock after acquiring an additional 7,512 shares during the period. Intech Investment Management LLC’s holdings in Capital One Financial were worth $3,880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COF. Vanguard Group Inc. increased its holdings in shares of Capital One Financial by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 56,537,167 shares of the financial services provider’s stock worth $12,018,671,000 after purchasing an additional 156,254 shares in the last quarter. State Street Corp lifted its holdings in shares of Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after purchasing an additional 10,776,843 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Capital One Financial by 64.1% during the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after buying an additional 5,474,328 shares during the last quarter. Norges Bank bought a new stake in Capital One Financial in the 2nd quarter worth about $1,701,511,000. Finally, Bank of New York Mellon Corp increased its holdings in Capital One Financial by 41.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock worth $1,491,676,000 after buying an additional 2,050,010 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $195.26 on Monday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64. The firm has a market capitalization of $121.44 billion, a price-to-earnings ratio of 65.97, a price-to-earnings-growth ratio of 0.59 and a beta of 1.14. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $227.35 and a 200 day moving average of $223.03.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same quarter in the prior year, the company earned $2.67 earnings per share. Capital One Financial’s revenue for the quarter was up 53.3% on a year-over-year basis. On average, research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s payout ratio is 108.11%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Ravi Raghu sold 13,450 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the completion of the sale, the insider owned 30,337 shares of the company’s stock, valued at approximately $7,584,250. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Celia Karam sold 2,108 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the sale, the insider owned 59,269 shares of the company’s stock, valued at approximately $12,935,459.25. The trade was a 3.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 69,933 shares of company stock valued at $14,806,977 in the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on COF. TD Cowen restated a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. Evercore decreased their price objective on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, January 27th. Zacks Research cut shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. Finally, Citigroup boosted their target price on shares of Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, December 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $274.70.

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.