First Long Island Investors LLC Invests $10.34 Million in Capital One Financial Corporation $COF

First Long Island Investors LLC acquired a new position in Capital One Financial Corporation (NYSE:COF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 48,655 shares of the financial services provider’s stock, valued at approximately $10,343,000.

Several other large investors have also added to or reduced their stakes in the business. Waverton Investment Management Ltd lifted its position in Capital One Financial by 1,390.9% during the 3rd quarter. Waverton Investment Management Ltd now owns 1,181,834 shares of the financial services provider’s stock worth $251,323,000 after buying an additional 1,102,563 shares in the last quarter. London & Capital Asset Management Ltd acquired a new stake in shares of Capital One Financial in the third quarter valued at about $8,687,000. Finemark National Bank & Trust raised its holdings in Capital One Financial by 0.7% during the third quarter. Finemark National Bank & Trust now owns 17,160 shares of the financial services provider’s stock worth $3,648,000 after acquiring an additional 120 shares in the last quarter. Okabena Investment Services Inc. boosted its position in Capital One Financial by 53.4% during the third quarter. Okabena Investment Services Inc. now owns 3,570 shares of the financial services provider’s stock valued at $759,000 after purchasing an additional 1,242 shares during the last quarter. Finally, Arete Wealth Advisors LLC boosted its position in Capital One Financial by 41.4% during the third quarter. Arete Wealth Advisors LLC now owns 2,101 shares of the financial services provider’s stock valued at $447,000 after purchasing an additional 615 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Down 6.3%

Shares of COF opened at $195.26 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64. The firm’s 50 day moving average is $227.35 and its 200-day moving average is $223.03. The stock has a market capitalization of $121.44 billion, a PE ratio of 65.97, a P/E/G ratio of 0.59 and a beta of 1.14.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The firm’s revenue was up 53.3% compared to the same quarter last year. During the same period last year, the company posted $2.67 earnings per share. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be given a $0.80 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total transaction of $500,000.00. Following the sale, the general counsel directly owned 92,486 shares in the company, valued at $23,121,500. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lia Dean sold 3,284 shares of Capital One Financial stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the transaction, the insider owned 70,162 shares in the company, valued at approximately $15,693,836.16. This trade represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 69,933 shares of company stock valued at $14,806,977. 1.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on COF shares. Zacks Research cut Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. TD Cowen restated a “buy” rating on shares of Capital One Financial in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 29th. Morgan Stanley lifted their price objective on shares of Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Finally, BTIG Research lowered their price objective on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.70.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.