Prime Capital Investment Advisors LLC Has $2.22 Million Position in Capital One Financial Corporation $COF

Prime Capital Investment Advisors LLC boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 30.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,419 shares of the financial services provider’s stock after acquiring an additional 2,420 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Capital One Financial were worth $2,215,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Capital One Financial by 74.8% during 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 purchasing an additional 24,129,990 shares during the period. State Street Corp boosted its position in shares of Capital One Financial by 63.4% during the 2nd 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 worth $2,970,628,000 after acquiring an additional 5,474,328 shares in the last quarter. Norges Bank bought a new position in Capital One Financial in the second quarter valued at approximately $1,701,511,000. Finally, Bank of New York Mellon Corp raised its position in Capital One Financial by 41.3% during the second quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock valued at $1,491,676,000 after purchasing an additional 2,050,010 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total value of $500,000.00. Following the completion of the sale, the general counsel owned 92,486 shares of the company’s stock, valued at approximately $23,121,500. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lia Dean sold 3,284 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total value of $734,565.12. Following the transaction, the insider owned 70,162 shares of the company’s stock, valued at $15,693,836.16. This trade represents a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 52,114 shares of company stock worth $12,092,070. 1.26% of the stock is currently owned by insiders.

Capital One Financial Stock Up 2.7%

NYSE:COF opened at $222.72 on Friday. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $259.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $141.59 billion, a PE ratio of 75.24, a P/E/G ratio of 0.66 and a beta of 1.14. The firm’s 50 day simple moving average is $235.54 and its 200 day simple moving average is $223.54.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.28). The business had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company’s revenue was up 53.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.67 earnings per share. On average, research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.4%. Capital One Financial’s payout ratio is presently 108.11%.

Analysts Set New Price Targets

COF has been the topic of several recent analyst reports. Morgan Stanley lifted their price target on Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods increased their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Jefferies Financial Group lifted their price target on shares of Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Finally, Wells Fargo & Company increased their price objective on shares of Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $274.70.

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.