New England Research & Management Inc. Invests $1.47 Million in Capital One Financial Corporation $COF

New England Research & Management Inc. purchased a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 6,925 shares of the financial services provider’s stock, valued at approximately $1,472,000.

A number of other institutional investors have also made changes to their positions in COF. Kingstone Capital Partners Texas LLC increased its position in Capital One Financial by 588,668.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after buying an additional 117,427,549 shares during the period. Vanguard Group Inc. grew its stake in shares of Capital One Financial by 74.8% in the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after acquiring an additional 24,129,990 shares during the last quarter. State Street Corp increased its position in 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 worth $5,910,500,000 after acquiring an additional 10,776,843 shares during the period. Norges Bank bought a new position in Capital One Financial during the second quarter worth $1,701,511,000. Finally, Geode Capital Management LLC raised its stake in Capital One Financial by 64.1% during the 2nd 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 purchasing an additional 5,474,328 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on COF. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 8th. Cowen reissued a “buy” rating on shares of Capital One Financial in a report on Wednesday, November 26th. Robert W. Baird raised their target price on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group increased their price objective on shares of Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, TD Cowen lifted their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $262.70.

Insider Activity at Capital One Financial

In related news, insider Celia Karam sold 2,936 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $640,488.40. Following the completion of the transaction, the insider directly owned 63,433 shares in the company, valued at approximately $13,837,908.95. The trade was a 4.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total value of $3,961,015.20. Following the sale, the insider directly owned 48,315 shares of the company’s stock, valued at approximately $10,727,379.45. The trade was a 26.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 280,218 shares of company stock valued at $62,395,804. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Trading Up 0.9%

Shares of NYSE COF opened at $239.93 on Tuesday. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $243.31. The company has a 50-day moving average of $218.31 and a two-hundred day moving average of $215.60. The company has a market cap of $152.53 billion, a PE ratio of 101.23, a P/E/G ratio of 0.57 and a beta of 1.16. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last released its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.46 billion during the quarter. As a group, equities 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 announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.3%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. Capital One Financial’s dividend payout ratio (DPR) is 135.02%.

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.