11,016 Shares in Capital One Financial Co. (NYSE:COF) Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new stake in Capital One Financial Co. (NYSE:COF) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,016 shares of the financial services provider’s stock, valued at approximately $1,649,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COF. Prossimo Advisors LLC lifted its stake in shares of Capital One Financial by 2.4% in the third quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock worth $410,000 after buying an additional 65 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in Capital One Financial by 3.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 66 shares during the last quarter. Bangor Savings Bank lifted its stake in Capital One Financial by 20.8% in the 3rd quarter. Bangor Savings Bank now owns 448 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 77 shares in the last quarter. Grove Bank & Trust boosted its holdings in shares of Capital One Financial by 9.3% during the 3rd quarter. Grove Bank & Trust now owns 909 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 77 shares during the last quarter. Finally, Bruce G. Allen Investments LLC grew its position in shares of Capital One Financial by 12.5% in the third quarter. Bruce G. Allen Investments LLC now owns 700 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on COF shares. Royal Bank of Canada boosted their price objective on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Evercore ISI boosted their price target on shares of 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. Bank of America raised their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price 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. Finally, Citigroup began coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $156.35.

Capital One Financial Price Performance

COF opened at $185.21 on Friday. The stock’s 50-day moving average price is $153.47 and its 200 day moving average price is $144.98. Capital One Financial Co. has a 12-month low of $102.63 and a 12-month high of $198.30. The firm has a market cap of $70.66 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 1.42 and a beta of 1.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.81. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.45 earnings per share. As a group, sell-side analysts expect that Capital One Financial Co. will post 13.46 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. Capital One Financial’s dividend payout ratio is currently 22.66%.

Insider Activity

In related news, 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 transaction, the insider now directly owns 19,776 shares of the company’s stock, valued at $3,211,029.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were 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 approximately $7,153,760. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the insider now owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.