Empowered Funds LLC Boosts Stake in Capital One Financial Corporation $COF

Empowered Funds LLC lifted its position in Capital One Financial Corporation (NYSE:COF) by 74.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,216 shares of the financial services provider’s stock after purchasing an additional 7,767 shares during the quarter. Empowered Funds LLC’s holdings in Capital One Financial were worth $3,876,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew 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 acquiring an additional 10,428 shares during the last quarter. Private Advisor Group LLC grew its position in Capital One Financial by 15.3% during the 1st 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 during the last quarter. IFP Advisors Inc grew its position in Capital One Financial by 12.8% during the 1st quarter. IFP Advisors Inc now owns 2,710 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 307 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in Capital One Financial by 245.9% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,587 shares of the financial services provider’s stock valued at $464,000 after purchasing an additional 1,839 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in shares of Capital One Financial by 23.6% in the first quarter. Venturi Wealth Management LLC now owns 1,470 shares of the financial services provider’s stock valued at $264,000 after buying an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on COF. Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Robert W. Baird lifted their target price on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. BTIG Research restated a “buy” rating and set a $264.00 price target on shares of Capital One Financial in a research note on Wednesday, October 22nd. The Goldman Sachs Group lifted their price objective on shares of 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, JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Insider Transactions at Capital One Financial

In related news, CEO Richard D. Fairbank sold 103,487 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total value of $22,837,511.16. Following the sale, the chief executive officer owned 4,001,228 shares in the company, valued at $882,990,995.04. This represents a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the completion of the transaction, the insider directly owned 73,020 shares of the company’s stock, valued at $16,198,026.60. The trade was a 37.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 274,013 shares of company stock worth $61,045,903 over the last quarter. Insiders own 1.26% of the company’s stock.

Capital One Financial Trading Up 2.8%

NYSE:COF opened at $207.96 on Friday. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a fifty day moving average price of $216.71 and a two-hundred day moving average price of $211.43. The stock has a market capitalization of $132.21 billion, a price-to-earnings ratio of 87.75, a PEG ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last posted its quarterly 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 for the quarter. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently declared 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 represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is 135.02%.

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.