KCM Investment Advisors LLC Buys 1,240 Shares of Capital One Financial Corporation $COF

KCM Investment Advisors LLC grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 102.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,456 shares of the financial services provider’s stock after buying an additional 1,240 shares during the period. KCM Investment Advisors LLC’s holdings in Capital One Financial were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of COF. Brighton Jones LLC raised its position in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 10,428 shares during the period. Allworth Financial LP increased its stake in Capital One Financial by 3.5% during the 1st quarter. Allworth Financial LP now owns 5,286 shares of the financial services provider’s stock worth $978,000 after purchasing an additional 178 shares in the last quarter. Cerity Partners LLC increased its stake in Capital One Financial by 14.1% during the 1st quarter. Cerity Partners LLC now owns 104,263 shares of the financial services provider’s stock worth $18,694,000 after purchasing an additional 12,924 shares in the last quarter. Ballentine Partners LLC raised its holdings in Capital One Financial by 23.1% during the 1st quarter. Ballentine Partners LLC now owns 5,067 shares of the financial services provider’s stock worth $909,000 after buying an additional 951 shares during the period. Finally, Arizona State Retirement System lifted its stake in Capital One Financial by 1.9% in the first quarter. Arizona State Retirement System now owns 111,880 shares of the financial services provider’s stock valued at $20,060,000 after buying an additional 2,045 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. The trade was a 37.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard D. Fairbank sold 103,487 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the sale, the chief executive officer directly owned 4,001,228 shares of the company’s stock, valued at $882,990,995.04. This represents a 2.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 259,842 shares of company stock worth $57,857,467. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on COF shares. Robert W. Baird boosted their price objective on shares of Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on Capital One Financial from $224.00 to $240.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Zacks Research raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. The Goldman Sachs Group lifted their target price on Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Rothschild & Co Redburn began coverage on Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 target price on the stock. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

Capital One Financial Stock Up 0.4%

COF stock opened at $217.83 on Monday. The company has a market cap of $138.48 billion, a price-to-earnings ratio of 91.91, a P/E/G ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The business has a 50 day moving average price of $219.28 and a two-hundred day moving average price of $209.94. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last announced 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 company had revenue of $15.46 billion for the quarter. Analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a $0.80 dividend. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, November 17th. Capital One Financial’s dividend payout ratio is 135.02%.

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.