Vestcor Inc Increases Stock Holdings in Capital One Financial Co. (NYSE:COF)

Vestcor Inc boosted its stake in Capital One Financial Co. (NYSE:COF) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,570 shares of the financial services provider’s stock after acquiring an additional 591 shares during the quarter. Vestcor Inc’s holdings in Capital One Financial were worth $1,133,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of COF. State Street Corp grew its holdings in Capital One Financial by 0.5% during the 3rd quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock valued at $2,471,572,000 after purchasing an additional 74,784 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Capital One Financial by 0.7% during the third quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock valued at $1,451,527,000 after acquiring an additional 72,097 shares in the last quarter. FMR LLC grew its stake in shares of Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after acquiring an additional 1,169,395 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Capital One Financial by 5.5% during the second quarter. Clearbridge Investments LLC now owns 3,663,439 shares of the financial services provider’s stock worth $507,203,000 after acquiring an additional 189,843 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of 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 worth $461,204,000 after acquiring an additional 79,908 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on COF. Evercore ISI lifted their price objective on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. 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 report on Friday, October 25th. Bank of America lowered shares of Capital One Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $203.00 to $200.00 in a report on Monday. Barclays upped their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group increased their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $168.47.

Capital One Financial Stock Performance

Shares of COF opened at $186.08 on Thursday. The firm has a fifty day moving average of $171.85 and a 200-day moving average of $151.80. The company has a market cap of $70.99 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. 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 1 year low of $118.52 and a 1 year high of $198.30.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same period in the previous year, the business posted $4.45 EPS. Capital One Financial’s revenue was up 6.8% on a year-over-year basis. As a group, equities analysts anticipate that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend payout ratio is currently 22.66%.

Insider Buying and Selling at Capital One Financial

In related news, insider Kara West sold 721 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the completion of the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,388,374.17. This represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the transaction, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock valued at $4,982,647 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

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.