Empowered Funds LLC Raises Stake in Capital One Financial Co. (NYSE:COF)

Empowered Funds LLC boosted its holdings in Capital One Financial Co. (NYSE:COF) by 5.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,197 shares of the financial services provider’s stock after purchasing an additional 477 shares during the quarter. Empowered Funds LLC’s holdings in Capital One Financial were worth $1,377,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COF. LRI Investments LLC acquired a new position in shares of Capital One Financial during the 1st quarter valued at $25,000. Y.D. More Investments Ltd acquired a new position in shares of Capital One Financial during the second quarter worth about $28,000. Hobbs Group Advisors LLC purchased a new stake in shares of Capital One Financial in the second quarter worth about $29,000. Unique Wealth Strategies LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Capital One Financial during the third quarter valued at approximately $36,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Capital One Financial news, insider Kara West sold 721 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the transaction, the insider now directly owns 12,929 shares in the company, valued at $2,388,374.17. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the sale, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. This represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,007 shares of company stock worth $4,982,647. Insiders own 1.30% of the company’s stock.

Capital One Financial Stock Up 1.1 %

COF stock opened at $182.75 on Friday. The firm’s 50-day moving average is $161.19 and its two-hundred day moving average is $147.44. The company has a market capitalization of $69.72 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 1.32 and a beta of 1.43. Capital One Financial Co. has a 52 week low of $105.39 and a 52 week high of $198.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same period in the prior year, the firm posted $4.45 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, analysts forecast that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.31%. Capital One Financial’s dividend payout ratio is currently 22.66%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on COF shares. The Goldman Sachs Group lifted their target price on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Evercore ISI upped their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Barclays increased their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Citigroup initiated coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Capital One Financial has a consensus rating of “Hold” and a consensus target price of $160.18.

About Capital One Financial

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.