Assetmark Inc. raised its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 11.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,368 shares of the financial services provider’s stock after purchasing an additional 10,133 shares during the quarter. Assetmark Inc.’s holdings in Capital One Financial were worth $9,528,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of COF. Panagora Asset Management Inc. grew its stake in Capital One Financial by 81.0% during the 3rd quarter. Panagora Asset Management Inc. now owns 2,266,047 shares of the financial services provider’s stock valued at $215,116,000 after purchasing an additional 1,014,394 shares in the last quarter. Renaissance Technologies LLC grew its stake in Capital One Financial by 422.8% during the 3rd quarter. Renaissance Technologies LLC now owns 1,051,399 shares of the financial services provider’s stock valued at $99,809,000 after purchasing an additional 850,300 shares in the last quarter. Epoch Investment Partners Inc. acquired a new stake in Capital One Financial during the 2nd quarter valued at approximately $75,707,000. Bain Capital Public Equity Management LLC acquired a new stake in Capital One Financial during the 2nd quarter valued at approximately $26,142,000. Finally, Schroder Investment Management Group grew its stake in Capital One Financial by 51.7% during the 3rd quarter. Schroder Investment Management Group now owns 832,336 shares of the financial services provider’s stock valued at $79,014,000 after purchasing an additional 283,726 shares in the last quarter. Hedge funds and other institutional investors own 88.35% of the company’s stock.
COF has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Capital One Financial from a “buy” rating to a “hold” rating in a research note on Monday, November 19th. BMO Capital Markets raised their price objective on Capital One Financial from $135.00 to $146.00 and gave the company an “outperform” rating in a research note on Wednesday, October 24th. JPMorgan Chase & Co. lowered their price objective on Capital One Financial from $113.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, October 24th. Barclays restated a “buy” rating on shares of Capital One Financial in a research note on Monday, October 29th. Finally, Wells Fargo & Co raised their price objective on Capital One Financial from $109.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $109.14.
NYSE:COF opened at $82.67 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 0.99. Capital One Financial Corp. has a 52 week low of $81.85 and a 52 week high of $106.50. The company has a market cap of $40.21 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 0.69 and a beta of 1.26.
Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.23. Capital One Financial had a return on equity of 11.01% and a net margin of 11.84%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter last year, the business posted $2.42 EPS. Capital One Financial’s quarterly revenue was down .3% compared to the same quarter last year. On average, research analysts forecast that Capital One Financial Corp. will post 11.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Monday, November 12th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, November 8th. Capital One Financial’s dividend payout ratio is presently 20.54%.
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About Capital One Financial
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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