Cerity Partners LLC Raises Stock Position in Capital One Financial Co. (NYSE:COF)

Cerity Partners LLC boosted its stake in shares of Capital One Financial Co. (NYSE:COF) by 23.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 93,562 shares of the financial services provider’s stock after acquiring an additional 17,565 shares during the period. Cerity Partners LLC’s holdings in Capital One Financial were worth $14,009,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Eminence Capital LP purchased a new position in Capital One Financial in the 2nd quarter valued at about $127,465,000. International Assets Investment Management LLC raised its holdings in shares of Capital One Financial by 123.4% during the second quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock valued at $107,016,000 after acquiring an additional 427,000 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Capital One Financial by 1,518.0% in the third quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider’s stock valued at $61,742,000 after acquiring an additional 386,870 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Capital One Financial by 31.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,214,929 shares of the financial services provider’s stock worth $180,892,000 after acquiring an additional 292,978 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Capital One Financial by 501.4% during the second quarter. SG Americas Securities LLC now owns 332,700 shares of the financial services provider’s stock worth $46,062,000 after purchasing an additional 277,377 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 10,541 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the transaction, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the sale, the insider now directly owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,007 shares of company stock worth $4,982,647. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the subject of a number of research reports. Barclays upped their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Evercore ISI boosted their target price on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. The Goldman Sachs Group increased their price target on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Citigroup began coverage on Capital One Financial in a research note on Friday, September 20th. They set a “buy” rating and a $190.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $160.18.

Capital One Financial Trading Up 2.6 %

Shares of COF stock opened at $191.93 on Tuesday. Capital One Financial Co. has a fifty-two week low of $105.43 and a fifty-two week high of $198.30. The company has a 50 day moving average price of $163.17 and a 200 day moving average price of $148.16. The stock has a market capitalization of $73.22 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.36 and a beta of 1.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.88 billion. During the same period last year, the firm earned $4.45 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities research analysts predict that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend 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.