Moors & Cabot Inc. Raises Stock Holdings in Capital One Financial Corporation $COF

Moors & Cabot Inc. boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 128.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 7,460 shares of the financial services provider’s stock after acquiring an additional 4,196 shares during the quarter. Moors & Cabot Inc.’s holdings in Capital One Financial were worth $1,587,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its holdings in Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares during the period. Mutual Advisors LLC acquired a new stake in Capital One Financial during the 1st quarter valued at approximately $215,000. Envestnet Asset Management Inc. boosted its holdings in shares of Capital One Financial by 10.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 677,389 shares of the financial services provider’s stock valued at $121,456,000 after acquiring an additional 61,444 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Capital One Financial by 13.3% in the 1st quarter. TD Private Client Wealth LLC now owns 1,521 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 178 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Capital One Financial in the first quarter worth $261,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In other Capital One Financial news, CEO Richard D. Fairbank sold 103,487 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the transaction, the chief executive officer directly owned 4,001,228 shares of the company’s stock, valued at $882,990,995.04. This trade represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial 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 completion of the sale, the chief accounting officer owned 8,780 shares in the company, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 216,642 shares of company stock valued at $48,274,411. 1.26% of the stock is owned by company insiders.

Capital One Financial Trading Down 2.0%

COF stock opened at $216.90 on Friday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The firm has a market cap of $138.71 billion, a P/E ratio of 91.52, a PEG ratio of 0.70 and a beta of 1.19. The company’s 50-day simple moving average is $219.47 and its 200-day simple moving average is $209.07.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. The company had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.Capital One Financial’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.51 EPS. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a dividend of $0.80 per share. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s payout ratio is 101.27%.

Analysts Set New Price Targets

COF has been the subject of a number of research reports. Royal Bank Of Canada boosted their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. Morgan Stanley lifted their price objective on Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Rothschild & Co Redburn started coverage on Capital One Financial in a report on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective for the company. HSBC raised 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. Finally, Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $261.63.

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.