Alta Advisers Ltd Has $757,000 Stock Holdings in Capital One Financial Corporation $COF

Alta Advisers Ltd raised its stake in shares of Capital One Financial Corporation (NYSE:COF) by 71.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,556 shares of the financial services provider’s stock after purchasing an additional 1,477 shares during the period. Alta Advisers Ltd’s holdings in Capital One Financial were worth $757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Eagle Bay Advisors LLC grew its stake in shares of Capital One Financial by 3.6% in the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 49 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its stake in shares of Capital One Financial by 0.3% in the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider’s stock worth $3,532,000 after acquiring an additional 50 shares during the last quarter. TFB Advisors LLC grew its stake in shares of Capital One Financial by 3.4% in the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 51 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Capital One Financial by 0.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider’s stock worth $1,097,000 after acquiring an additional 53 shares during the last quarter. Finally, tru Independence LLC grew its stake in shares of Capital One Financial by 1.7% in the second quarter. tru Independence LLC now owns 3,202 shares of the financial services provider’s stock worth $681,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel owned 98,486 shares in the company, valued at $20,878,047.14. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. The trade was a 27.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COF. HSBC set a $218.00 price objective on shares of Capital One Financial and gave the stock a “hold” rating in a research note on Friday. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday. Evercore ISI lifted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Finally, The Goldman Sachs Group decreased their price target on shares of Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $252.78.

Capital One Financial Stock Down 4.0%

COF opened at $202.37 on Friday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s fifty day moving average price is $219.02 and its two-hundred day moving average price is $202.27. The company has a market capitalization of $129.42 billion, a P/E ratio of 103.78, a P/E/G ratio of 0.74 and a beta of 1.18.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The firm’s revenue was up 31.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.14 earnings per share. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s payout ratio is currently 123.08%.

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.