VestGen Advisors LLC Raises Stake in Capital One Financial Corporation $COF

VestGen Advisors LLC grew its stake in Capital One Financial Corporation (NYSE:COF) by 76.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,931 shares of the financial services provider’s stock after buying an additional 5,590 shares during the period. VestGen Advisors LLC’s holdings in Capital One Financial were worth $2,748,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 10,428 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Capital One Financial in the first quarter valued at $236,000. Baker Avenue Asset Management LP acquired a new position in shares of Capital One Financial during the 1st quarter worth $219,000. TIAA Trust National Association boosted its position in shares of Capital One Financial by 5.9% in the 1st quarter. TIAA Trust National Association now owns 16,072 shares of the financial services provider’s stock worth $2,882,000 after buying an additional 902 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in Capital One Financial during the 1st quarter valued at about $10,521,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

NYSE:COF opened at $218.09 on Monday. The firm’s fifty day simple moving average is $215.56 and its 200 day simple moving average is $212.50. The company has a current ratio of 1.03, a quick 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 $232.45. The firm has a market capitalization of $138.65 billion, a price-to-earnings ratio of 92.02, a PEG ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last issued its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The company had revenue of $15.46 billion during the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. As a group, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is 135.02%.

Insider Activity

In related news, insider Neal Blinde sold 43,200 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $221.83, for a total value of $9,583,056.00. Following the completion of the transaction, the insider owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This represents a 37.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Frank G. LapradeIii sold 17,840 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the sale, the insider directly owned 48,315 shares of the company’s stock, valued at $10,727,379.45. The trade was a 26.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 274,013 shares of company stock worth $61,045,903. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. TD Cowen increased their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Citigroup boosted their price target on Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Evercore ISI increased their price objective on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Barclays raised their price target on shares of Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $261.63.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.