Intech Investment Management LLC Raises Holdings in Capital One Financial Corporation $COF

Intech Investment Management LLC boosted its stake in Capital One Financial Corporation (NYSE:COF) by 70.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,250 shares of the financial services provider’s stock after purchasing an additional 7,512 shares during the period. Intech Investment Management LLC’s holdings in Capital One Financial were worth $3,880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Howard Hughes Medical Institute purchased a new position in shares of Capital One Financial in the second quarter worth $29,000. Legacy Investment Solutions LLC purchased a new stake in Capital One Financial during the 2nd quarter valued at $30,000. Creekmur Asset Management LLC purchased a new position in shares of Capital One Financial in the second quarter valued at about $32,000. WFA of San Diego LLC bought a new position in shares of Capital One Financial during the second quarter valued at about $32,000. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of Capital One Financial during the third quarter worth about $33,000. Institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. JPMorgan Chase & Co. raised their price target on Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Barclays decreased their price objective on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Finally, Evercore dropped their target price on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $274.70.

Capital One Financial Stock Performance

Shares of COF stock opened at $195.26 on Monday. The company’s fifty day moving average price is $227.35 and its 200-day moving average price is $223.03. The stock has a market cap of $121.44 billion, a PE ratio of 65.97, a price-to-earnings-growth ratio of 0.59 and a beta of 1.14. 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.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (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%. During the same quarter in the previous year, the firm earned $2.67 EPS. The business’s revenue for the quarter was up 53.3% compared to the same quarter last year. On average, equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

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

Insider Buying and Selling

In related news, insider Neal Blinde sold 38,135 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the completion of the transaction, the insider owned 33,551 shares of the company’s stock, valued at $6,391,801.01. This trade represents a 53.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Celia Karam sold 2,108 shares of Capital One Financial stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $218.25, for a total value of $460,071.00. Following the transaction, the insider owned 59,269 shares of the company’s stock, valued at $12,935,459.25. The trade was a 3.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,933 shares of company stock worth $14,806,977 over the last three months. Corporate insiders own 1.26% of the company’s stock.

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.