Frank Rimerman Advisors LLC Purchases 3,011 Shares of Capital One Financial Corporation $COF

Frank Rimerman Advisors LLC increased its position in Capital One Financial Corporation (NYSE:COF) by 93.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 6,216 shares of the financial services provider’s stock after acquiring an additional 3,011 shares during the period. Frank Rimerman Advisors LLC’s holdings in Capital One Financial were worth $1,323,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Nordwand Advisors LLC bought a new stake in Capital One Financial in the second quarter worth approximately $1,482,000. Mount Lucas Management LP acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at $1,369,000. LSV Asset Management bought a new stake in Capital One Financial in the second quarter worth $10,176,000. Dorsey & Whitney Trust CO LLC increased its position in Capital One Financial by 26.4% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,158 shares of the financial services provider’s stock worth $672,000 after buying an additional 659 shares during the last quarter. Finally, Landaas & Co. WI ADV bought a new position in Capital One Financial during the second quarter valued at about $284,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other news, insider Neal Blinde sold 43,200 shares of the stock in a transaction 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 transaction, the insider owned 73,020 shares in the company, valued at approximately $16,198,026.60. This represents a 37.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $219.41, for a total transaction of $438,820.00. Following the sale, the general counsel owned 96,486 shares in the company, valued at approximately $21,169,993.26. This trade represents a 2.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 274,013 shares of company stock worth $61,045,903. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on COF. UBS Group decreased their price target on Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Wells Fargo & Company upped their target price on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a report on Friday, August 1st. They set a “buy” rating and a $290.00 price target for the company. Finally, HSBC boosted their price objective on Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. Four analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Capital One Financial Stock Down 0.2%

Shares of COF opened at $200.61 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50-day simple moving average of $217.89 and a 200-day simple moving average of $211.42. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The firm has a market capitalization of $127.53 billion, a P/E ratio of 84.64, a P/E/G ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The firm had revenue of $15.46 billion for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. On average, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a dividend of $0.80 per share. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, November 17th. Capital One Financial’s dividend payout ratio is presently 135.02%.

Capital One Financial 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.