Capital One Financial Corporation $COF Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 201.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 313,895 shares of the financial services provider’s stock after buying an additional 209,632 shares during the period. Cerity Partners LLC’s holdings in Capital One Financial were worth $66,786,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. ESL Trust Services LLC grew its holdings in shares of Capital One Financial by 60.6% during the 2nd quarter. ESL Trust Services LLC now owns 485 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 183 shares during the period. Federated Hermes Inc. increased its position in shares of Capital One Financial by 11.4% during the second quarter. Federated Hermes Inc. now owns 557,359 shares of the financial services provider’s stock worth $118,584,000 after acquiring an additional 57,036 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Capital One Financial by 13.5% in the 2nd quarter. Gabelli Funds LLC now owns 16,963 shares of the financial services provider’s stock valued at $3,609,000 after purchasing an additional 2,012 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in Capital One Financial by 179.2% in the second quarter. Gamco Investors INC. ET AL now owns 3,722 shares of the financial services provider’s stock valued at $792,000 after acquiring an additional 2,389 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at about $1,086,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

COF stock opened at $231.37 on Monday. The firm has a 50 day simple moving average of $215.82 and a 200 day simple moving average of $213.60. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $233.01. The stock has a market cap of $147.09 billion, a P/E ratio of 97.62, a P/E/G ratio of 0.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last released its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The company 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%. Research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend 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 currently 135.02%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on COF shares. The Goldman Sachs Group lifted their target price on Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. 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 note on Thursday, October 23rd. Zacks Research lowered shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a report on Monday, December 1st. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Insider Activity at Capital One Financial

In other news, insider Frank G. LapradeIii sold 17,840 shares of Capital One Financial stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the completion of the sale, the insider directly owned 48,315 shares in the company, valued at $10,727,379.45. The trade was a 26.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were 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 directly owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. The trade was a 37.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 280,218 shares of company stock worth $62,395,804. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Company 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.