Assenagon Asset Management S.A. Increases Stake in Capital One Financial Corporation $COF

Assenagon Asset Management S.A. boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 64.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,269,420 shares of the financial services provider’s stock after buying an additional 496,139 shares during the period. Assenagon Asset Management S.A.’s holdings in Capital One Financial were worth $269,853,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Oak Thistle LLC purchased a new position in Capital One Financial in the third quarter valued at $4,277,000. Fragasso Financial Advisors Inc raised its position in Capital One Financial by 7.3% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 1,015 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 69 shares in the last quarter. TruWealth Advisors LLC raised its position in Capital One Financial by 87.7% in the 3rd quarter. TruWealth Advisors LLC now owns 4,062 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 1,898 shares in the last quarter. New England Research & Management Inc. purchased a new position in shares of Capital One Financial in the 3rd quarter valued at about $1,472,000. Finally, Venture Visionary Partners LLC grew its position in shares of Capital One Financial by 5.7% during the third quarter. Venture Visionary Partners LLC now owns 6,416 shares of the financial services provider’s stock worth $1,364,000 after buying an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In other news, insider Frank G. LapradeIii sold 17,840 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the transaction, the insider directly owned 48,315 shares in the company, valued at approximately $10,727,379.45. This trade represents a 26.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Neal Blinde sold 43,200 shares of Capital One Financial stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the transaction, the insider directly owned 73,020 shares in the company, valued at $16,198,026.60. The trade was a 37.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 280,218 shares of company stock valued at $62,395,804. 1.26% of the stock is owned by insiders.

Capital One Financial Price Performance

Shares of COF opened at $241.93 on Wednesday. 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 Corporation has a 1-year low of $143.22 and a 1-year high of $243.31. The stock has a market cap of $153.80 billion, a PE ratio of 102.08, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. The firm has a fifty day moving average price of $218.88 and a 200 day moving average price of $215.97.

Capital One Financial (NYSE:COF) last posted its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The business had revenue of $15.46 billion for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a $0.80 dividend. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, November 17th. Capital One Financial’s dividend payout ratio (DPR) is presently 135.02%.

Analysts Set New Price Targets

Several brokerages recently weighed in on COF. HSBC raised their target price on shares of Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. UBS Group reduced their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. BTIG Research reiterated a “buy” rating and set a $264.00 target price on shares of Capital One Financial in a research note on Wednesday, October 22nd. Citigroup raised their price target on Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Jefferies Financial Group lifted their price target on Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $263.10.

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.