OFI Invest Asset Management Purchases 452,617 Shares of Capital One Financial Corporation $COF

OFI Invest Asset Management boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 187.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 694,199 shares of the financial services provider’s stock after buying an additional 452,617 shares during the period. OFI Invest Asset Management owned approximately 0.11% of Capital One Financial worth $147,573,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in COF. Earned Wealth Advisors LLC acquired a new position in shares of Capital One Financial during the second quarter worth $254,000. Plancorp LLC bought a new position in Capital One Financial during the 2nd quarter worth $272,000. CIBC Asset Management Inc lifted its holdings in Capital One Financial by 53.9% during the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after buying an additional 30,991 shares during the period. Smith Chas P & Associates PA Cpas grew its position in shares of Capital One Financial by 1,490.0% in the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock valued at $9,252,000 after buying an additional 40,751 shares during the last quarter. Finally, Montecito Bank & Trust acquired a new stake in shares of Capital One Financial in the third quarter valued at about $647,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

NYSE:COF opened at $246.91 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $247.25. The company has a fifty day moving average of $221.70 and a 200-day moving average of $217.39. The firm has a market capitalization of $156.97 billion, a P/E ratio of 104.18, a P/E/G ratio of 0.56 and a beta of 1.16.

Capital One Financial (NYSE:COF) last issued 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 business had revenue of $15.46 billion for the quarter. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a $0.80 dividend. The ex-dividend date was Monday, November 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.3%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is 135.02%.

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $221.54, for a total transaction of $443,080.00. Following the transaction, the general counsel directly owned 94,486 shares of the company’s stock, valued at approximately $20,932,428.44. This represents a 2.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frank G. LapradeIii sold 17,840 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the completion of the sale, the insider directly owned 48,315 shares of the company’s stock, valued at $10,727,379.45. This trade represents a 26.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 280,218 shares of company stock worth $62,395,804 over the last three months. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on COF. HSBC lifted their price objective on Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. TD Cowen boosted their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Robert W. Baird upped their price objective on shares of Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Evercore ISI increased their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Finally, Morgan Stanley reissued an “overweight” rating and set a $280.00 target price on shares of Capital One Financial in a research note on Tuesday, December 16th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $265.25.

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.