Geode Capital Management LLC Purchases 5,474,328 Shares of Capital One Financial Corporation $COF

Geode Capital Management LLC grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 64.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,008,841 shares of the financial services provider’s stock after acquiring an additional 5,474,328 shares during the period. Geode Capital Management LLC owned 3.66% of Capital One Financial worth $2,970,628,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. WPG Advisers LLC bought a new position in shares of Capital One Financial during the 1st quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC boosted its stake in Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 62 shares in the last quarter. Olistico Wealth LLC grew its holdings in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares during the period. Saudi Central Bank acquired a new stake in Capital One Financial in the first quarter worth $27,000. Finally, RMG Wealth Management LLC bought a new stake in Capital One Financial in the second quarter valued at $27,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In related news, CAO Timothy P. Golden sold 207 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the transaction, the chief accounting officer owned 8,780 shares in the company, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total transaction of $438,820.00. Following the sale, the general counsel owned 96,486 shares of the company’s stock, valued at $21,169,993.26. This trade represents a 2.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 256,380 shares of company stock valued at $57,129,478 over the last quarter. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

COF has been the subject of several research reports. Barclays raised their target price on Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Morgan Stanley boosted their price objective on Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Capital One Financial in a report on Wednesday, October 8th. HSBC boosted their price target on shares of Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $264.00 price objective on shares of Capital One Financial in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Capital One Financial Stock Performance

Shares of COF stock opened at $220.66 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50-day moving average of $219.08 and a 200-day moving average of $210.45. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The company has a market cap of $140.28 billion, a P/E ratio of 93.11, a P/E/G ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The business had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a $0.80 dividend. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 135.02%.

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.