Rathbones Group PLC Purchases New Stake in Capital One Financial Corporation $COF

Rathbones Group PLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, Holdings Channel reports. The fund acquired 1,217 shares of the financial services provider’s stock, valued at approximately $259,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC grew its stake in Capital One Financial by 3.6% in the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 49 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in Capital One Financial by 0.3% during the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider’s stock worth $3,532,000 after buying an additional 50 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its position in shares of Capital One Financial by 66.7% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 50 shares in the last quarter. TFB Advisors LLC increased its holdings in shares of Capital One Financial by 3.4% in the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 51 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Capital One Financial by 0.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider’s stock valued at $1,097,000 after acquiring an additional 53 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

NYSE COF opened at $220.66 on Wednesday. The company has a 50-day moving average price of $219.08 and a two-hundred day moving average price of $210.45. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The stock has a market cap of $140.28 billion, a price-to-earnings ratio of 93.11, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19. 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 data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business had revenue of $15.46 billion during the quarter. Analysts forecast 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 will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a $0.80 dividend. 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. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 135.02%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. HSBC lifted their price objective on shares of Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Capital One Financial from $224.00 to $240.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Finally, Royal Bank Of Canada upped their target price on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

Insiders Place Their Bets

In other Capital One Financial news, CAO Timothy P. Golden sold 207 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the transaction, the chief accounting officer owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the sale, the insider owned 73,020 shares in the company, valued at $16,198,026.60. This trade represents a 37.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 256,380 shares of company stock valued at $57,129,478 over the last three months. 1.26% of the stock is currently owned by company insiders.

About Capital One Financial

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.