Capital One Financial Corporation $COF Position Lifted by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC grew its stake in Capital One Financial Corporation (NYSE:COF) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,272 shares of the financial services provider’s stock after purchasing an additional 2,324 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Capital One Financial were worth $7,504,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC increased its holdings in shares of Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after acquiring an additional 10,428 shares during the last quarter. Scotia Capital Inc. boosted its holdings in Capital One Financial by 5.5% in the first quarter. Scotia Capital Inc. now owns 7,926 shares of the financial services provider’s stock worth $1,421,000 after purchasing an additional 414 shares during the period. Blair William & Co. IL raised its holdings in shares of Capital One Financial by 247.4% during the first quarter. Blair William & Co. IL now owns 80,383 shares of the financial services provider’s stock worth $14,413,000 after purchasing an additional 57,246 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Capital One Financial by 16.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 147,507 shares of the financial services provider’s stock worth $26,448,000 after buying an additional 20,599 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Capital One Financial by 17.4% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,275 shares of the financial services provider’s stock valued at $229,000 after buying an additional 189 shares during the period. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 1.6%

Shares of COF stock opened at $223.91 on Wednesday. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. 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 business’s fifty day moving average is $215.47 and its 200-day moving average is $212.84. The stock has a market cap of $142.34 billion, a PE ratio of 94.47, a price-to-earnings-growth ratio of 0.52 and a beta of 1.16.

Capital One Financial (NYSE:COF) last announced its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business had revenue of $15.46 billion during the quarter. Equities 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 announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, November 17th. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is presently 135.02%.

Analyst Ratings Changes

Several brokerages recently issued reports on COF. Cowen reissued a “buy” rating on shares of Capital One Financial in a report on Wednesday, November 26th. JPMorgan Chase & Co. increased their target price on Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Zacks Research downgraded shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Citigroup upped their price target on shares of Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $261.63.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Frank G. LapradeIii sold 17,840 shares of Capital One Financial stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the transaction, the insider owned 48,315 shares in the company, valued at approximately $10,727,379.45. The trade was a 26.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard D. Fairbank sold 103,487 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the sale, the chief executive officer owned 4,001,228 shares of the company’s stock, valued at $882,990,995.04. This trade represents a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 272,013 shares of company stock valued at $60,599,103 in the last ninety days. Company insiders own 1.26% 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.