Capital One Financial Corporation $COF Shares Acquired by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. increased its stake in Capital One Financial Corporation (NYSE:COF) by 39.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,609 shares of the financial services provider’s stock after purchasing an additional 8,622 shares during the period. Capital One Financial accounts for 1.7% of Midwest Professional Planners LTD.’s portfolio, making the stock its 9th largest holding. Midwest Professional Planners LTD.’s holdings in Capital One Financial were worth $6,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Raiffeisen Bank International AG boosted its holdings in Capital One Financial by 244.0% in the second quarter. Raiffeisen Bank International AG now owns 12,845 shares of the financial services provider’s stock valued at $2,672,000 after acquiring an additional 9,111 shares during the last quarter. Symphony Financial Ltd. Co. acquired a new position in Capital One Financial in the second quarter valued at approximately $37,858,000. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Capital One Financial by 61.7% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 324,322 shares of the financial services provider’s stock worth $69,003,000 after acquiring an additional 123,693 shares during the period. Y.D. More Investments Ltd raised its position in shares of Capital One Financial by 25.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 678 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 138 shares during the last quarter. Finally, Westpac Banking Corp lifted its stake in shares of Capital One Financial by 178.5% in the 2nd quarter. Westpac Banking Corp now owns 43,079 shares of the financial services provider’s stock valued at $9,165,000 after purchasing an additional 27,612 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Capital One Financial 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 owned 73,020 shares of the company’s stock, valued at $16,198,026.60. The trade was a 37.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $219.41, for a total value of $438,820.00. Following the completion of the sale, the general counsel directly owned 96,486 shares of the company’s stock, valued at approximately $21,169,993.26. The trade was a 2.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 256,380 shares of company stock valued at $57,129,478 in the last ninety days. 1.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on COF. JPMorgan Chase & Co. upped their price objective on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Keefe, Bruyette & Woods raised their price objective on Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Barclays boosted their target price on Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Robert W. Baird lifted their price objective on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, The Goldman Sachs Group increased their target price on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Price Performance

Shares of COF opened at $210.74 on Monday. 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 Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The stock has a market capitalization of $133.97 billion, a P/E ratio of 88.92, a P/E/G ratio of 0.70 and a beta of 1.19. The company has a 50 day moving average of $218.70 and a 200-day moving average of $211.18.

Capital One Financial (NYSE:COF) last released its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion during the quarter. As a group, equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, November 17th. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 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.