Courier Capital LLC Purchases 6,747 Shares of Capital One Financial Corporation $COF

Courier Capital LLC boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 64.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,246 shares of the financial services provider’s stock after acquiring an additional 6,747 shares during the quarter. Courier Capital LLC’s holdings in Capital One Financial were worth $3,330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of COF. State Street Corp increased its stake in Capital One Financial by 107.9% in the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after buying an additional 29,724,829 shares during the period. Bank of America Corp DE purchased a new stake in shares of Capital One Financial in the 2nd quarter worth approximately $1,435,311,000. Legal & General Group Plc bought a new position in shares of Capital One Financial during the second quarter valued at approximately $680,983,000. Berkshire Hathaway Inc bought a new position in shares of Capital One Financial during the second quarter valued at approximately $601,860,000. Finally, Canada Pension Plan Investment Board purchased a new position in Capital One Financial during the second quarter valued at approximately $482,718,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on COF. UBS Group boosted their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Morgan Stanley lowered their target price on Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a report on Monday. Evercore set a $220.00 target price on Capital One Financial in a research report on Thursday, October 1st. Barclays cut their price target on Capital One Financial from $240.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Finally, Citigroup cut their price target on Capital One Financial from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. Twenty analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $255.04.

Insider Activity

In related news, insider Lia Dean sold 2,066 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total value of $425,740.62. Following the transaction, the insider owned 61,195 shares in the company, valued at approximately $12,610,453.65. This represents a 3.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the transaction, the insider owned 27,992 shares in the company, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 33,850 shares of company stock valued at $7,167,152. 0.78% of the stock is owned by insiders.

Capital One Financial Stock Performance

COF stock traded down $3.18 during midday trading on Tuesday, reaching $197.96. The stock had a trading volume of 4,639,405 shares, compared to its average volume of 4,641,082. The stock has a market cap of $121.44 billion, a PE ratio of 12.25, a P/E/G ratio of 0.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a fifty day simple moving average of $209.83 and a two-hundred day simple moving average of $199.88. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%. The company’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.48 EPS. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 20.33 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

Capital One Financial Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.