Close Asset Management Ltd Buys Shares of 1,096,081 Capital One Financial Corporation $COF

Close Asset Management Ltd bought a new position in Capital One Financial Corporation (NYSE:COF) in the 3rd quarter, HoldingsChannel reports. The fund bought 1,096,081 shares of the financial services provider’s stock, valued at approximately $233,087,000. Capital One Financial makes up 5.2% of Close Asset Management Ltd’s portfolio, making the stock its 4th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Roble Belko & Company Inc acquired a new stake in Capital One Financial during the 2nd quarter worth about $28,000. Howard Hughes Medical Institute purchased a new stake in shares of Capital One Financial in the second quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of Capital One Financial during the second quarter worth approximately $30,000. Creekmur Asset Management LLC acquired a new stake in shares of Capital One Financial during the second quarter worth approximately $32,000. Finally, WFA of San Diego LLC purchased a new position in Capital One Financial during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on COF shares. Citigroup increased their target price on shares of Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, December 31st. Royal Bank Of Canada reissued a “sector perform” rating and set a $275.00 price objective on shares of Capital One Financial in a research report on Monday, January 12th. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Barclays dropped their target price on Capital One Financial from $294.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Finally, Evercore reduced their price target on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and an average target price of $274.70.

Capital One Financial Stock Performance

COF opened at $208.43 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $129.63 billion, a PE ratio of 70.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.14. The stock has a 50-day moving average of $228.33 and a 200-day moving average of $223.04. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64.

Capital One Financial (NYSE:COF) last posted its 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%.The company’s revenue was up 53.3% on a year-over-year basis. During the same period last year, the business earned $2.67 earnings per share. As a group, equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, February 19th. Capital One Financial’s payout ratio is presently 108.11%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Neal Blinde sold 38,135 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the completion of the sale, the insider directly owned 33,551 shares in the company, valued at $6,391,801.01. This represents a 53.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Celia Karam sold 2,108 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the sale, the insider directly owned 59,269 shares in the company, valued at approximately $12,935,459.25. This represents a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 76,138 shares of company stock worth $16,160,598 in the last quarter. 1.26% of the stock is owned by corporate insiders.

Capital One Financial 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.