Prudential Financial Inc. Purchases 487,880 Shares of Capital One Financial Corporation (NYSE:COF)

Prudential Financial Inc. increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 21.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,775,787 shares of the financial services provider’s stock after acquiring an additional 487,880 shares during the quarter. Prudential Financial Inc. owned about 0.57% of Capital One Financial Corporation worth $234,999,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of COF. Savant Capital LLC raised its stake in shares of Capital One Financial Corporation by 0.9% in the 2nd quarter. Savant Capital LLC now owns 3,213 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 28 shares during the period. ARGA Investment Management LP increased its stake in Capital One Financial Corporation by 0.3% during the 2nd quarter. ARGA Investment Management LP now owns 11,002 shares of the financial services provider’s stock worth $909,000 after buying an additional 32 shares during the period. Linscomb & Williams Inc. increased its stake in Capital One Financial Corporation by 1.1% during the 2nd quarter. Linscomb & Williams Inc. now owns 2,953 shares of the financial services provider’s stock worth $244,000 after buying an additional 33 shares during the period. Union Bankshares Corp increased its stake in Capital One Financial Corporation by 1.0% during the 2nd quarter. Union Bankshares Corp now owns 8,814 shares of the financial services provider’s stock worth $728,000 after buying an additional 86 shares during the period. Finally, Northern Capital Management LLC increased its stake in Capital One Financial Corporation by 0.6% during the 2nd quarter. Northern Capital Management LLC now owns 18,974 shares of the financial services provider’s stock worth $1,568,000 after buying an additional 110 shares during the period. Hedge funds and other institutional investors own 86.77% of the company’s stock.

In other Capital One Financial Corporation news, Director Ann F. Hackett sold 11,055 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $91.18, for a total value of $1,007,994.90. Following the sale, the director now directly owns 69,066 shares in the company, valued at $6,297,437.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mayo A. Shattuck III sold 24,167 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $92.71, for a total transaction of $2,240,522.57. Following the completion of the sale, the director now owns 59,613 shares in the company, valued at $5,526,721.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,514 shares of company stock valued at $4,011,299. Corporate insiders own 1.73% of the company’s stock.

COF has been the subject of several analyst reports. Morgan Stanley cut shares of Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $97.00 to $83.00 in a report on Friday, September 8th. Zacks Investment Research upgraded shares of Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Friday, October 27th. Robert W. Baird restated a “hold” rating and issued a $84.00 target price on shares of Capital One Financial Corporation in a report on Tuesday, September 5th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $106.00 target price on shares of Capital One Financial Corporation in a report on Friday, September 15th. Finally, Bank of America Corporation increased their price target on shares of Capital One Financial Corporation from $89.00 to $91.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $95.52.

Capital One Financial Corporation (NYSE COF) opened at $87.26 on Thursday. The company has a market cap of $42,300.00, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 1.32 and a beta of 1.30. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.17. Capital One Financial Corporation has a 1-year low of $76.05 and a 1-year high of $96.92.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.27. Capital One Financial Corporation had a net margin of 13.34% and a return on equity of 8.25%. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the previous year, the company posted $2.03 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. equities analysts forecast that Capital One Financial Corporation will post 7.94 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, November 10th. Capital One Financial Corporation’s dividend payout ratio (DPR) is 22.44%.

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Capital One Financial Corporation Profile

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Institutional Ownership by Quarter for Capital One Financial Corporation (NYSE:COF)

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