Oppenheimer & Co. Inc. increased its position in Capital One Financial Corp. (NYSE:COF) by 9.8% in the third quarter, Holdings Channel reports. The institutional investor owned 6,919 shares of the financial services provider’s stock after buying an additional 615 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Capital One Financial were worth $657,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in COF. Voya Investment Management LLC lifted its position in Capital One Financial by 1.6% in the second quarter. Voya Investment Management LLC now owns 276,182 shares of the financial services provider’s stock valued at $25,381,000 after purchasing an additional 4,246 shares during the last quarter. Huntington National Bank lifted its position in Capital One Financial by 6.1% in the third quarter. Huntington National Bank now owns 284,197 shares of the financial services provider’s stock valued at $26,979,000 after purchasing an additional 16,366 shares during the last quarter. Bank of Montreal Can lifted its position in Capital One Financial by 15.1% in the third quarter. Bank of Montreal Can now owns 2,034,276 shares of the financial services provider’s stock valued at $193,115,000 after purchasing an additional 267,426 shares during the last quarter. Wesbanco Bank Inc. lifted its position in Capital One Financial by 0.6% in the second quarter. Wesbanco Bank Inc. now owns 114,107 shares of the financial services provider’s stock valued at $10,486,000 after purchasing an additional 679 shares during the last quarter. Finally, Natixis lifted its position in Capital One Financial by 78.9% in the second quarter. Natixis now owns 469,175 shares of the financial services provider’s stock valued at $43,117,000 after purchasing an additional 206,971 shares during the last quarter. Institutional investors own 88.50% of the company’s stock.
Shares of Capital One Financial stock opened at $89.18 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.02. The company has a market cap of $41.34 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 0.71 and a beta of 1.27. Capital One Financial Corp. has a 52 week low of $84.94 and a 52 week high of $106.50.
Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.23. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.88 billion. Capital One Financial had a return on equity of 11.01% and a net margin of 11.84%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.42 earnings per share. On average, equities analysts predict that Capital One Financial Corp. will post 11.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Monday, November 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, November 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.79%. Capital One Financial’s dividend payout ratio is presently 20.54%.
Several analysts have weighed in on the company. Oppenheimer set a $116.00 price objective on Capital One Financial and gave the company a “buy” rating in a research report on Thursday, July 19th. Zacks Investment Research upgraded Capital One Financial from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Tuesday, July 24th. Nomura lowered their price objective on Capital One Financial from $109.00 to $98.00 and set a “neutral” rating for the company in a research report on Wednesday, October 24th. JPMorgan Chase & Co. lowered their price objective on Capital One Financial from $113.00 to $107.00 and set an “overweight” rating for the company in a research report on Wednesday, October 24th. Finally, Citigroup lowered their price objective on Capital One Financial from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $109.33.
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Capital One Financial Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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