Keynote Financial Services LLC Makes New Investment in Capital One Financial Corporation $COF

Keynote Financial Services LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,448 shares of the financial services provider’s stock, valued at approximately $308,000.

Several other hedge funds also recently made changes to their positions in COF. Kingstone Capital Partners Texas LLC boosted its holdings in Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after buying an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Capital One Financial by 1.6% in the first quarter. Vanguard Group Inc. now owns 32,250,923 shares of the financial services provider’s stock valued at $5,782,590,000 after buying an additional 506,105 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Capital One Financial by 41.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock valued at $1,491,676,000 after acquiring an additional 2,050,010 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Capital One Financial by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,766,573 shares of the financial services provider’s stock valued at $854,647,000 after acquiring an additional 734,939 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Capital One Financial by 45.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider’s stock worth $838,609,000 after acquiring an additional 1,454,595 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

COF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday, October 8th. BTIG Research reaffirmed a “buy” rating and set a $264.00 price objective on shares of Capital One Financial in a research note on Wednesday, October 22nd. Barclays raised their target price on shares of Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Finally, Zacks Research upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

Capital One Financial Stock Up 1.1%

Shares of Capital One Financial stock opened at $220.29 on Tuesday. The firm has a market cap of $140.05 billion, a price-to-earnings ratio of 92.95, a P/E/G ratio of 0.70 and a beta of 1.19. The stock has a 50-day simple moving average of $219.14 and a 200-day simple moving average of $210.19. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data 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 during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. On average, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, November 17th. Capital One Financial’s dividend payout ratio is presently 135.02%.

Insiders Place Their Bets

In other Capital One Financial news, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total value of $9,583,056.00. Following the completion of the sale, the insider owned 73,020 shares in the company, valued at approximately $16,198,026.60. This trade represents a 37.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the transaction, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 256,380 shares of company stock valued at $57,129,478 over the last ninety days. 1.26% of the stock is owned by insiders.

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.