Holocene Advisors LP Boosts Stake in Capital One Financial Co. (NYSE:COF)

Holocene Advisors LP lifted its holdings in Capital One Financial Co. (NYSE:COF) by 102.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 348,025 shares of the financial services provider’s stock after purchasing an additional 175,906 shares during the quarter. Holocene Advisors LP’s holdings in Capital One Financial were worth $52,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of COF. Cetera Investment Advisers raised its stake in shares of Capital One Financial by 338.5% in the first quarter. Cetera Investment Advisers now owns 42,673 shares of the financial services provider’s stock worth $6,354,000 after purchasing an additional 32,942 shares during the last quarter. Cetera Advisors LLC raised its stake in shares of Capital One Financial by 114.0% in the first quarter. Cetera Advisors LLC now owns 7,948 shares of the financial services provider’s stock worth $1,183,000 after purchasing an additional 4,234 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Capital One Financial by 391.5% in the second quarter. Versant Capital Management Inc now owns 290 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 231 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Capital One Financial by 29.2% in the second quarter. Park Avenue Securities LLC now owns 20,238 shares of the financial services provider’s stock worth $2,802,000 after purchasing an additional 4,579 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Capital One Financial by 6.0% in the second quarter. CWM LLC now owns 7,619 shares of the financial services provider’s stock worth $1,055,000 after acquiring an additional 431 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $187.52 on Tuesday. The stock’s 50-day simple moving average is $166.58 and its 200-day simple moving average is $149.52. Capital One Financial Co. has a 52 week low of $112.64 and a 52 week high of $198.30. The company has a market capitalization of $71.54 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.40 and a beta of 1.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same period in the previous year, the business earned $4.45 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. As a group, analysts expect that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.28%. Capital One Financial’s dividend payout ratio is currently 22.66%.

Wall Street Analyst Weigh In

Several analysts recently commented on COF shares. Barclays lifted their price objective on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. The Goldman Sachs Group lifted their price objective on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Robert W. Baird lifted their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, Citigroup started coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $160.18.

Insider Buying and Selling

In related news, insider Kara West sold 721 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the sale, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,007 shares of company stock worth $4,982,647. Corporate insiders own 1.30% of the company’s stock.

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.