AdvisorNet Financial Inc Has $2.04 Million Stock Position in Capital One Financial Co. (NYSE:COF)

AdvisorNet Financial Inc raised its position in Capital One Financial Co. (NYSE:COF) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,739 shares of the financial services provider’s stock after acquiring an additional 329 shares during the period. AdvisorNet Financial Inc’s holdings in Capital One Financial were worth $2,041,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. Capital Research Global Investors raised its stake in shares of Capital One Financial by 72.8% during the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after purchasing an additional 8,900,241 shares in the last quarter. Norges Bank bought a new stake in shares of Capital One Financial during the 4th quarter worth approximately $409,831,000. Clearbridge Investments LLC increased its stake in shares of Capital One Financial by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after purchasing an additional 549,665 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Capital One Financial by 443.1% during the 4th quarter. National Bank of Canada FI now owns 553,744 shares of the financial services provider’s stock valued at $73,150,000 after purchasing an additional 451,789 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in Capital One Financial by 5,968.2% during the 4th quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock worth $54,861,000 after acquiring an additional 411,509 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on COF shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a research report on Thursday, July 25th. BTIG Research began coverage on shares of Capital One Financial in a research report on Friday, June 7th. They set a “neutral” rating for the company. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Bank of America lifted their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Evercore ISI cut their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Capital One Financial has an average rating of “Hold” and an average price target of $145.89.

Capital One Financial Trading Up 0.7 %

Shares of NYSE COF traded up $1.00 during trading hours on Thursday, hitting $136.95. The company’s stock had a trading volume of 1,243,096 shares, compared to its average volume of 2,522,662. The business has a 50-day simple moving average of $139.65 and a 200-day simple moving average of $139.65. The stock has a market cap of $52.07 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 1.13 and a beta of 1.45. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $153.35.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the firm earned $3.52 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Capital One Financial Co. will post 13.17 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.75%. The ex-dividend date is Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Insider Activity at Capital One Financial

In other news, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by 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.