Principal Financial Group Inc. Buys 17,825 Shares of Capital One Financial Co. (NYSE:COF)

Principal Financial Group Inc. lifted its stake in shares of Capital One Financial Co. (NYSE:COF) by 4.3% during the third quarter, HoldingsChannel reports. The firm owned 430,654 shares of the financial services provider’s stock after acquiring an additional 17,825 shares during the quarter. Principal Financial Group Inc.’s holdings in Capital One Financial were worth $64,482,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in COF. Asset Management One Co. Ltd. raised its position in Capital One Financial by 5.3% during the third quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock worth $21,976,000 after acquiring an additional 7,331 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Capital One Financial in the 3rd quarter valued at about $1,649,000. Dai ichi Life Insurance Company Ltd lifted its stake in Capital One Financial by 36.8% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 11,162 shares of the financial services provider’s stock valued at $1,671,000 after purchasing an additional 3,000 shares during the last quarter. Fisher Asset Management LLC grew its holdings in 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 worth $1,451,527,000 after purchasing an additional 72,097 shares during the period. Finally, DRW Securities LLC increased its position in Capital One Financial by 207.5% during the third quarter. DRW Securities LLC now owns 9,606 shares of the financial services provider’s stock worth $1,438,000 after buying an additional 6,482 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Kara West sold 721 shares of the business’s stock in a transaction 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 sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,007 shares of company stock valued at $4,982,647. Corporate insiders own 1.30% of the company’s stock.

Capital One Financial Stock Up 1.7 %

COF stock opened at $178.65 on Friday. The company has a market cap of $68.16 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.36 and a beta of 1.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial Co. has a 52 week low of $123.23 and a 52 week high of $198.30. The business has a 50-day simple moving average of $176.76 and a 200 day simple moving average of $154.20.

Capital One Financial (NYSE:COF) last issued its quarterly 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. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.45 EPS. Sell-side analysts anticipate that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.34%. Capital One Financial’s dividend payout ratio (DPR) is currently 22.66%.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Evercore ISI lifted their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Bank of America downgraded shares of Capital One Financial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $203.00 to $200.00 in a report on Monday, December 9th. Finally, Royal Bank of Canada increased 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. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of “Hold” and an average price target of $171.50.

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.