Choreo LLC Increases Holdings in Capital One Financial Corporation $COF

Choreo LLC increased its position in Capital One Financial Corporation (NYSE:COF) by 22.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,582 shares of the financial services provider’s stock after purchasing an additional 7,216 shares during the quarter. Choreo LLC’s holdings in Capital One Financial were worth $8,421,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. WPG Advisers LLC bought a new position in shares of Capital One Financial during the 1st quarter worth $25,000. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 62 shares in the last quarter. Olistico Wealth LLC lifted its stake in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 101 shares during the period. Saudi Central Bank bought a new position in Capital One Financial during the 1st quarter worth about $27,000. Finally, RMG Wealth Management LLC purchased a new position in Capital One Financial during the 2nd quarter valued at about $27,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Trading Up 1.5%

Shares of NYSE:COF opened at $217.60 on Thursday. The business’s 50-day moving average is $216.00 and its 200 day moving average is $212.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The firm has a market capitalization of $138.33 billion, a P/E ratio of 91.81, a P/E/G ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last issued 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 return on equity of 10.94% and a net margin of 2.24%.The business had revenue of $15.46 billion during the quarter. On average, research analysts predict 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 announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.20 annualized dividend and a yield of 1.5%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is presently 135.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Cowen reaffirmed a “buy” rating on shares of Capital One Financial in a research report on Wednesday. HSBC upped 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. Robert W. Baird lifted their price target on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Wolfe Research upped their price objective on Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, The Goldman Sachs Group raised their price objective 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. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction 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 owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This trade represents a 37.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Richard D. Fairbank sold 103,487 shares of Capital One Financial stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the sale, the chief executive officer owned 4,001,228 shares of the company’s stock, valued at $882,990,995.04. The trade was a 2.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 274,013 shares of company stock worth $61,045,903. 1.26% of the stock is owned by company 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.