USA Financial Formulas Takes Position in Capital One Financial Co. (NYSE:COF)

USA Financial Formulas purchased a new stake in shares of Capital One Financial Co. (NYSE:COF) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,358 shares of the financial services provider’s stock, valued at approximately $242,000.

Several other institutional investors have also recently made changes to their positions in COF. FMR LLC increased its stake in shares of Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after buying an additional 1,169,395 shares during the period. Eminence Capital LP purchased a new position in shares of Capital One Financial during the second quarter valued at $127,465,000. International Assets Investment Management LLC purchased a new position in shares of Capital One Financial during the fourth quarter valued at $130,683,000. Wellington Management Group LLP increased its stake in shares of Capital One Financial by 268.7% during the third quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after buying an additional 710,881 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new position in shares of Capital One Financial during the third quarter valued at $104,811,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In related news, insider Kara West sold 721 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the sale, the insider now directly owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. The trade was a 9.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,256 shares of company stock valued at $2,462,487. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

COF has been the topic of a number of recent research reports. Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $203.00 to $200.00 in a research report on Monday, December 9th. Barclays raised Capital One Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $158.00 to $219.00 in a research report on Monday, January 6th. Evercore ISI raised their price objective on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their price target on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company raised their price target on Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $188.06.

Capital One Financial Stock Down 1.1 %

Shares of COF stock opened at $188.52 on Friday. The stock has a 50 day moving average of $183.63 and a 200 day moving average of $159.76. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The stock has a market cap of $71.87 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.12 and a beta of 1.46. Capital One Financial Co. has a twelve month low of $123.23 and a twelve month high of $198.30.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.81. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. Capital One Financial’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $4.45 earnings per share. As a group, sell-side analysts expect that Capital One Financial Co. will post 13.41 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.27%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s payout ratio is presently 22.66%.

Capital One Financial Company 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.