Fisher Asset Management LLC Has $1.55 Billion Stock Position in Capital One Financial Corporation $COF

Fisher Asset Management LLC lowered its position in Capital One Financial Corporation (NYSE:COF) by 4.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,296,227 shares of the financial services provider’s stock after selling 357,454 shares during the quarter. Fisher Asset Management LLC owned approximately 1.15% of Capital One Financial worth $1,551,032,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in 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 buying an additional 24,129,990 shares during the last quarter. 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 valued at $5,910,500,000 after acquiring an additional 10,776,843 shares in the last quarter. Norges Bank bought a new stake in Capital One Financial in the second quarter valued at about $1,701,511,000. Geode Capital Management LLC raised its position in Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares in the last quarter. Finally, Boston Partners bought a new position in Capital One Financial during the second quarter worth about $534,777,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COF. Keefe, Bruyette & Woods increased their target price on Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. BTIG Research reduced their target price on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Wells Fargo & Company increased their price target 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. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. Finally, Wolfe Research decreased their price objective on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $274.70.

Capital One Financial Price Performance

Shares of NYSE COF opened at $195.26 on Monday. The company has a fifty day moving average price of $227.35 and a 200 day moving average price of $223.03. The firm has a market cap of $121.44 billion, a PE ratio of 65.97, a PEG ratio of 0.59 and a beta of 1.14. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The firm’s revenue was up 53.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.67 earnings per share. Research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be paid a $0.80 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s payout ratio is presently 108.11%.

Insider Activity

In other news, insider Neal Blinde sold 38,135 shares of Capital One Financial stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total value of $7,265,098.85. Following the sale, the insider directly owned 33,551 shares in the company, valued at $6,391,801.01. This trade represents a 53.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Celia Karam sold 2,108 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $218.25, for a total transaction 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 position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 69,933 shares of company stock worth $14,806,977. 1.26% of the stock is currently owned by insiders.

About Capital One Financial

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.