175,997 Shares in Capital One Financial Corporation $COF Purchased by Calamos Advisors LLC

Calamos Advisors LLC purchased a new position in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 175,997 shares of the financial services provider’s stock, valued at approximately $37,445,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC lifted its stake in Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after buying an additional 5,474,328 shares in the last quarter. Boston Partners acquired a new stake in shares of Capital One Financial during the 2nd quarter valued at $533,486,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Capital One Financial during the 1st quarter valued at $381,848,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Capital One Financial by 41.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock worth $1,491,676,000 after acquiring an additional 2,050,010 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COF has been the subject of several analyst reports. Barclays upped their target price on Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Zacks Research raised shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Capital One Financial in a research report on Wednesday, October 8th. Finally, Citigroup upped their price target on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $261.63.

Capital One Financial Stock Performance

COF stock opened at $222.34 on Thursday. The firm has a 50 day simple moving average of $219.11 and a 200 day simple moving average of $210.54. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The stock has a market cap of $141.35 billion, a P/E ratio of 93.81, a P/E/G ratio of 0.70 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last released its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The company had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be issued a dividend of $0.80 per share. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, November 17th. Capital One Financial’s dividend payout ratio is 135.02%.

Insider Transactions at Capital One Financial

In other news, CEO Richard D. Fairbank sold 103,487 shares of Capital One Financial stock in a transaction dated 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 directly owned 4,001,228 shares in the company, valued at $882,990,995.04. The trade was a 2.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. The trade was a 37.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 256,380 shares of company stock worth $57,129,478 in the last ninety days. Company insiders own 1.26% of the company’s stock.

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.