Smartleaf Asset Management LLC Boosts Stock Position in Capital One Financial Corporation $COF

Smartleaf Asset Management LLC increased its position in shares of Capital One Financial Corporation (NYSE:COF) by 41.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,214 shares of the financial services provider’s stock after acquiring an additional 3,301 shares during the period. Smartleaf Asset Management LLC’s holdings in Capital One Financial were worth $2,508,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of COF. Vanguard Group Inc. lifted its position in shares of Capital One Financial by 74.8% during the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after purchasing an additional 24,129,990 shares in the last quarter. State Street Corp increased its stake in Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after buying an additional 10,776,843 shares during the period. Norges Bank acquired a new stake in Capital One Financial during the 2nd quarter worth approximately $1,701,511,000. Geode Capital Management LLC boosted its position in Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after buying an additional 5,474,328 shares during the period. Finally, Boston Partners acquired a new position in shares of Capital One Financial in the second quarter worth $534,777,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on COF shares. Keefe, Bruyette & Woods increased their price objective on Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, January 2nd. Royal Bank Of Canada reissued a “sector perform” rating and set a $275.00 target price on shares of Capital One Financial in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 29th. Morgan Stanley lifted their price objective on Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Zacks Research downgraded Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $274.70.

Insider Activity

In related news, insider Frank G. LapradeIii sold 17,840 shares of the business’s stock in a transaction 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 completion of the sale, the insider directly owned 48,315 shares of the company’s stock, valued at $10,727,379.45. The trade was a 26.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ravi Raghu sold 13,450 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the completion of the transaction, the insider owned 30,337 shares of the company’s stock, valued at $7,584,250. This represents a 30.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 52,114 shares of company stock worth $12,092,070 over the last three months. Company insiders own 1.26% of the company’s stock.

Capital One Financial Trading Up 2.7%

COF opened at $222.72 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $259.64. The company has a market cap of $141.59 billion, a P/E ratio of 75.24, a PEG ratio of 0.66 and a beta of 1.14. The business’s 50-day simple moving average is $235.54 and its 200-day simple moving average is $223.57.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). The business had revenue of $15.62 billion for the quarter, compared to analysts’ expectations of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.Capital One Financial’s revenue for the quarter was up 53.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.67 EPS. As a group, equities research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be given 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 of this dividend is Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.