Capital One Financial Corporation $COF is Shikiar Asset Management Inc.’s 8th Largest Position

Shikiar Asset Management Inc. lifted its stake in Capital One Financial Corporation (NYSE:COF) by 17.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,628 shares of the financial services provider’s stock after buying an additional 6,790 shares during the period. Capital One Financial makes up 2.4% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 8th largest holding. Shikiar Asset Management Inc.’s holdings in Capital One Financial were worth $9,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of COF. Kingstone Capital Partners Texas LLC boosted its stake in Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after acquiring an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Capital One Financial by 74.8% in the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after purchasing an additional 24,129,990 shares during the last quarter. State Street Corp boosted its position in shares of Capital One Financial by 63.4% in the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after purchasing an additional 10,776,843 shares during the period. Norges Bank purchased a new position in Capital One Financial during the 2nd quarter worth approximately $1,701,511,000. Finally, Geode Capital Management LLC grew its stake in Capital One Financial by 64.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after buying an additional 5,474,328 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of COF opened at $246.91 on Tuesday. The stock has a market capitalization of $156.97 billion, a P/E ratio of 104.18, a P/E/G ratio of 0.56 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 Corporation has a 1 year low of $143.22 and a 1 year high of $247.25. The company’s fifty day moving average is $221.70 and its two-hundred day moving average is $217.39.

Capital One Financial (NYSE:COF) last issued 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 net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion for the quarter. On average, sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

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

Insider Activity at Capital One Financial

In other news, insider Neal Blinde sold 43,200 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was 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 of the company’s stock, valued at approximately $16,198,026.60. This represents a 37.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 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. This represents a 26.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 280,218 shares of company stock worth $62,395,804 in the last three months. 1.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

COF has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Capital One Financial from $240.00 to $263.00 and gave the company a “hold” rating in a research note on Wednesday, December 17th. Robert W. Baird upped their price target on shares of Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Citigroup increased 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. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $265.25.

Capital One Financial Profile

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.