Capital One Financial Corporation $COF Shares Purchased by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 17.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,628 shares of the financial services provider’s stock after buying an additional 6,790 shares during the quarter. Capital One Financial accounts for approximately 2.4% of Shikiar Asset Management Inc.’s portfolio, making the stock its 8th largest holding. Shikiar Asset Management Inc.’s holdings in Capital One Financial were worth $9,487,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. WPG Advisers LLC purchased a new stake in shares of Capital One Financial during the 1st quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC raised its holdings in Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 62 shares during the last quarter. Olistico Wealth LLC boosted its position in Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares in the last quarter. Saudi Central Bank purchased a new stake in Capital One Financial during the first quarter worth $27,000. Finally, RMG Wealth Management LLC acquired a new stake in Capital One Financial in the second quarter valued at $27,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Neal Blinde sold 43,200 shares of the company’s stock in a transaction on 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 directly owned 73,020 shares in the company, valued at approximately $16,198,026.60. This represents a 37.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $222.03, for a total value of $3,961,015.20. Following the transaction, the insider owned 48,315 shares in the company, valued at $10,727,379.45. This trade represents a 26.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 280,218 shares of company stock worth $62,395,804 in the last three months. 1.26% of the stock is currently owned by insiders.

Capital One Financial Price Performance

NYSE:COF opened at $246.91 on Tuesday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $247.25. The firm has a market cap of $156.97 billion, a price-to-earnings ratio of 104.18, a price-to-earnings-growth ratio of 0.56 and a beta of 1.16. The company’s 50-day moving average is $221.70 and its two-hundred day moving average is $217.39. 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 (NYSE:COF) last issued its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The business had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a $0.80 dividend. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. This represents a $3.20 annualized dividend and a yield of 1.3%. Capital One Financial’s payout ratio is presently 135.02%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup lifted their price target on Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Zacks Research downgraded shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Robert W. Baird lifted their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. HSBC increased their price target on shares of Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research note on Monday, December 15th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average price target of $265.25.

Capital One Financial Company 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.