Capital One Financial Corporation $COF Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its stake in Capital One Financial Corporation (NYSE:COF) by 16.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,276 shares of the financial services provider’s stock after buying an additional 8,357 shares during the quarter. Kestra Advisory Services LLC’s holdings in Capital One Financial were worth $11,251,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in Capital One Financial by 107.9% in the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock valued at $11,491,259,000 after acquiring an additional 29,724,829 shares during the last quarter. BlackRock Inc. increased its stake in Capital One Financial by 0.5% during the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock worth $10,242,628,000 after acquiring an additional 236,643 shares during the last quarter. Bank of America Corp DE acquired a new stake in Capital One Financial during the second quarter worth $1,435,311,000. Wellington Management Group LLP increased its stake in Capital One Financial by 36.2% during the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock worth $1,426,029,000 after acquiring an additional 1,887,497 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Capital One Financial by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock valued at $1,127,733,000 after purchasing an additional 187,532 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Down 1.6%

NYSE:COF opened at $198.63 on Tuesday. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The stock’s fifty day moving average is $203.26 and its two-hundred day moving average is $200.76. The stock has a market capitalization of $119.48 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, beating the consensus estimate of $5.53 by $1.16. The company had revenue of $16.31 billion during the quarter, compared to the consensus estimate of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. Capital One Financial’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.95 EPS. Research analysts anticipate that Capital One Financial Corporation will post 21.53 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be paid a $0.80 dividend. The ex-dividend date is Monday, November 16th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s payout ratio is currently 18.89%.

Wall Street Analyst Weigh In

COF has been the topic of several recent analyst reports. Wolfe Research upped their price target on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Morgan Stanley cut their price objective on Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Evercore restated an “outperform” rating and issued a $230.00 price objective on shares of Capital One Financial in a report on Tuesday, October 27th. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Weiss Ratings raised shares of Capital One Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, November 4th. Twenty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $256.50.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $196.22, for a total value of $686,770.00. Following the transaction, the general counsel directly owned 79,694 shares of the company’s stock, valued at $15,637,556.68. The trade was a 4.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,887 shares of Capital One Financial stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $195.86, for a total transaction of $369,587.82. Following the completion of the transaction, the insider directly owned 59,308 shares in the company, valued at $11,616,064.88. The trade was a 3.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 202,145 shares of company stock valued at $41,281,806. 0.78% of the stock is owned by insiders.

Capital One Financial Profile