King Luther Capital Management Corp Increases Position in Capital One Financial Co. (NYSE:COF)

King Luther Capital Management Corp increased its stake in shares of Capital One Financial Co. (NYSE:COF) by 6.8% in the third quarter, HoldingsChannel reports. The firm owned 1,584 shares of the financial services provider’s stock after buying an additional 101 shares during the period. King Luther Capital Management Corp’s holdings in Capital One Financial were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Clearbridge Investments LLC boosted its holdings in shares of Capital One Financial by 5.5% in the 2nd quarter. Clearbridge Investments LLC now owns 3,663,439 shares of the financial services provider’s stock valued at $507,203,000 after buying an additional 189,843 shares in the last quarter. Legal & General Group Plc boosted its stake in Capital One Financial by 2.5% in the second quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider’s stock valued at $461,204,000 after acquiring an additional 79,908 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Capital One Financial by 0.5% in the first quarter. Janus Henderson Group PLC now owns 1,216,724 shares of the financial services provider’s stock worth $181,155,000 after purchasing an additional 5,473 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Capital One Financial by 31.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,214,929 shares of the financial services provider’s stock worth $180,892,000 after purchasing an additional 292,978 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its holdings in shares of Capital One Financial by 0.4% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,061,347 shares of the financial services provider’s stock valued at $158,915,000 after purchasing an additional 4,380 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on COF. Evercore ISI boosted their target price on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Citigroup assumed coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective on the stock. The Goldman Sachs Group lifted their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Royal Bank of Canada upped their price target on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $160.18.

Capital One Financial Price Performance

Shares of COF opened at $187.06 on Monday. The company has a market capitalization of $71.37 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.33 and a beta of 1.43. The business’s 50-day moving average is $162.15 and its two-hundred day moving average is $147.81. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a fifty-two week low of $105.43 and a fifty-two week high of $198.30.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same period last year, the business earned $4.45 earnings per share. Capital One Financial’s quarterly revenue was up 6.8% on a year-over-year basis. Research analysts predict that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Insider Activity at Capital One Financial

In other news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the sale, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at $7,153,760. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,007 shares of company stock worth $4,982,647. 1.30% of the stock is owned by company insiders.

Capital One Financial Company 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.