Twin Capital Management Inc. Buys 418 Shares of Capital One Financial Corporation $COF

Twin Capital Management Inc. lifted its position in shares of Capital One Financial Corporation (NYSE:COF) by 2.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,062 shares of the financial services provider’s stock after purchasing an additional 418 shares during the quarter. Twin Capital Management Inc.’s holdings in Capital One Financial were worth $4,268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of COF. Earned Wealth Advisors LLC acquired a new position in shares of Capital One Financial in the 2nd quarter valued at about $254,000. Plancorp LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at about $272,000. Private Advisor Group LLC increased its stake in shares of Capital One Financial by 15.3% during the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after purchasing an additional 1,312 shares in the last quarter. Mutual Advisors LLC purchased a new position in Capital One Financial in the 1st quarter valued at about $215,000. Finally, Callodine Capital Management LP lifted its stake in Capital One Financial by 200.0% in the 1st quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock valued at $26,895,000 after buying an additional 100,000 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.3%

Shares of NYSE:COF opened at $221.45 on Thursday. The firm has a 50 day simple moving average of $219.68 and a 200-day simple moving average of $209.01. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $141.62 billion, a PE ratio of 93.44, a P/E/G ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, topping the consensus estimate of $4.25 by $1.70. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. During the same period last year, the business earned $4.51 EPS. Capital One Financial’s revenue for the quarter was up 53.4% compared to the same quarter last year. On average, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a $0.80 dividend. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. Capital One Financial’s payout ratio is currently 101.27%.

Wall Street Analyst Weigh In

COF has been the topic of several recent research reports. HSBC boosted their target price on Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. Evercore ISI upped their price target on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. UBS Group decreased their price target on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Finally, Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 price target for the company. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel owned 98,486 shares of the company’s stock, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total value of $727,989.36. Following the completion of the sale, the chief accounting officer directly owned 8,987 shares of the company’s stock, valued at $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 111,155 shares of company stock worth $24,998,080 in the last quarter. 1.26% of the stock is owned by insiders.

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.