Fulcrum Asset Management LLP Makes New Investment in Capital One Financial Corporation $COF

Fulcrum Asset Management LLP acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 12,279 shares of the financial services provider’s stock, valued at approximately $2,412,000.

Several other institutional investors have also recently bought and sold shares of COF. State Street Corp lifted its position in Capital One Financial by 107.9% in the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock valued at $11,491,259,000 after acquiring an additional 29,724,829 shares in the last quarter. Bank of America Corp DE acquired a new position in Capital One Financial during the 2nd quarter valued at about $1,435,311,000. Legal & General Group Plc bought a new stake in Capital One Financial during the 2nd quarter worth approximately $680,983,000. Berkshire Hathaway Inc bought a new stake in Capital One Financial during the 2nd quarter worth approximately $601,860,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Capital One Financial in the second quarter worth approximately $482,718,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Trading Down 1.5%

NYSE:COF opened at $195.63 on Wednesday. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The firm has a 50-day moving average price of $202.88 and a two-hundred day moving average price of $200.56. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $117.68 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.90 and a beta of 1.10.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, topping analysts’ consensus estimates of $5.53 by $1.16. The firm had revenue of $16.31 billion for the quarter, compared to the consensus estimate of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.95 EPS. On average, equities analysts expect that Capital One Financial Corporation will post 21.53 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, November 16th. Capital One Financial’s dividend payout ratio (DPR) is 18.89%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Morgan Stanley dropped their target price on Capital One Financial from $273.00 to $267.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Barclays upped their price target on Capital One Financial from $237.00 to $238.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Citigroup increased their price target on Capital One Financial from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Wolfe Research raised their price objective on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Finally, Evercore reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Capital One Financial in a report on Tuesday, October 27th. Twenty research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $256.50.

Insider Buying and Selling at Capital One Financial

In other news, Director Peter E. Raskind sold 1,681 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $201.79, for a total transaction of $339,208.99. Following the completion of the sale, the director directly owned 32,715 shares of the company’s stock, valued at $6,601,559.85. This trade represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,927 shares of Capital One Financial stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $195.86, for a total value of $377,422.22. Following the sale, the insider owned 55,774 shares in the company, valued at $10,923,895.64. The trade was a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 202,145 shares of company stock valued at $41,281,806 in the last ninety days. 0.78% of the stock is owned by corporate insiders.

Capital One Financial Company Profile

Capital One Financial Corporation is a bank holding company that provides credit cards, consumer banking, auto financing and commercial banking services. Its offerings include credit cards, deposit accounts, loans and financial services for businesses. The company traces its roots to a credit card business established within Signet Banking Corporation in 1988 and became an independent company in 1994. Capital One is headquartered in McLean, Virginia, and serves customers primarily in the United States, with credit card operations also in the United Kingdom.