Capital One Financial Corporation $COF Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 13.1% during the third quarter, HoldingsChannel.com reports. The firm owned 23,854 shares of the financial services provider’s stock after buying an additional 2,771 shares during the period. Ritholtz Wealth Management’s holdings in Capital One Financial were worth $4,606,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. State Street Corp boosted its position in shares of Capital One Financial by 107.9% in the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after purchasing an additional 29,724,829 shares in the last quarter. Bank of America Corp DE purchased a new position in Capital One Financial during the 2nd quarter worth $1,435,311,000. Legal & General Group Plc purchased a new position in Capital One Financial during the 2nd quarter worth $680,983,000. Berkshire Hathaway Inc purchased a new position in Capital One Financial during the 2nd quarter worth $601,860,000. Finally, Canada Pension Plan Investment Board purchased a new position in Capital One Financial during the 2nd quarter worth $482,718,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Trading Down 1.8%

NYSE COF opened at $193.66 on Friday. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a fifty day simple moving average of $202.14 and a two-hundred day simple moving average of $200.33. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The stock has a market cap of $116.49 billion, a P/E ratio of 11.43, a P/E/G ratio of 0.90 and a beta of 1.10.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, beating analysts’ consensus estimates of $5.53 by $1.16. The firm had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.25 billion. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $5.95 earnings per share. On average, analysts forecast that Capital One Financial Corporation will post 21.53 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be paid a $0.80 dividend. The ex-dividend date is Monday, November 16th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is 18.89%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 2,017 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $206.07, for a total transaction of $415,643.19. Following the sale, the insider owned 57,696 shares in the company, valued at approximately $11,889,414.72. The trade was a 3.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total value of $749,350.00. Following the completion of the transaction, the general counsel directly owned 83,194 shares in the company, valued at $17,811,835.40. This represents a 4.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 202,145 shares of company stock worth $41,281,806. Insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on COF shares. Wolfe Research upped their target price on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. JPMorgan Chase & Co. raised their price target on Capital One Financial from $227.00 to $241.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Citigroup raised their price target on Capital One Financial from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. UBS Group dropped their price target on Capital One Financial from $280.00 to $274.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Finally, TD Cowen upped their price objective on shares of Capital One Financial from $242.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Twenty research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $256.50.

Capital One Financial Profile

Capital One Financial Corporation is a bank holding company that provides credit cards, consumer banking, auto financing and commercial banking services. Its offerings include credit cards, deposit accounts, loans and financial services for businesses. The company traces its roots to a credit card business established within Signet Banking Corporation in 1988 and became an independent company in 1994. Capital One is headquartered in McLean, Virginia, and serves customers primarily in the United States, with credit card operations also in the United Kingdom.