Cercano Management LLC Takes Position in Capital One Financial Corporation $COF

Cercano Management LLC acquired a new position in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 91,145 shares of the financial services provider’s stock, valued at approximately $19,392,000.

Several other institutional investors and hedge funds also recently bought and sold shares of COF. Eagle Bay Advisors LLC increased its position in 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 buying an additional 49 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its stake in shares of Capital One Financial by 0.3% during the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider’s stock valued at $3,532,000 after acquiring an additional 50 shares during the period. Atlantic Edge Private Wealth Management LLC increased its holdings in Capital One Financial by 66.7% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 50 shares in the last quarter. TFB Advisors LLC raised its stake in Capital One Financial by 3.4% during the 1st 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 period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Capital One Financial by 0.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider’s stock valued at $1,097,000 after purchasing an additional 53 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Capital One Financial

In related 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 directly 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard D. Fairbank sold 103,487 shares of the business’s 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 completion of 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 256,380 shares of company stock worth $57,129,478. 1.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on COF shares. Keefe, Bruyette & Woods increased their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada upped their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. HSBC increased their price target on Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. BTIG Research restated a “buy” rating and issued a $264.00 price objective on shares of Capital One Financial in a research report on Wednesday, October 22nd. Finally, Zacks Research raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. 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. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $210.74 on Friday. The company has a market cap 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. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week 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 firm’s fifty day moving average is $218.70 and its two-hundred day moving average is $210.96.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data 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 firm had revenue of $15.46 billion during the quarter. As a group, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders 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 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 dividend payout ratio (DPR) is 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.