Capital One Financial Corporation $COF Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its position in Capital One Financial Corporation (NYSE:COF) by 147.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 299,504 shares of the financial services provider’s stock after buying an additional 178,441 shares during the period. HighTower Advisors LLC’s holdings in Capital One Financial were worth $63,669,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of COF. Earned Wealth Advisors LLC acquired a new stake in shares of Capital One Financial during the second quarter valued at about $254,000. Cortland Associates Inc. MO acquired a new position in shares of Capital One Financial in the third quarter worth about $14,391,000. CIBC Asset Management Inc boosted its holdings in Capital One Financial by 53.9% in the second quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock valued at $18,830,000 after purchasing an additional 30,991 shares during the last quarter. Meridian Wealth Management LLC grew its stake in Capital One Financial by 334.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock valued at $1,999,000 after purchasing an additional 7,241 shares in the last quarter. Finally, Montecito Bank & Trust acquired a new stake in Capital One Financial during the 3rd quarter valued at approximately $647,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Up 0.3%

COF stock opened at $207.60 on Tuesday. The firm has a market cap of $131.98 billion, a price-to-earnings ratio of 70.14, a PEG ratio of 0.61 and a beta of 1.14. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $259.64. The firm has a fifty day moving average price of $233.87 and a two-hundred day moving average price of $223.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The business had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same period last year, the firm posted $2.67 earnings per share. The company’s quarterly revenue was up 53.3% on a year-over-year basis. Research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio is 108.11%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $275.00 target price on shares of Capital One Financial in a research report on Monday, January 12th. Evercore dropped their price target on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a research note on Tuesday, January 27th. Morgan Stanley increased their price objective on shares of Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a report on Monday, December 29th. Finally, Jefferies Financial Group upped their target price on shares of Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $274.70.

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total value of $500,000.00. Following the sale, the general counsel directly owned 92,486 shares in the company, valued at approximately $23,121,500. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Celia Karam sold 2,108 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $218.25, for a total transaction of $460,071.00. Following the transaction, the insider directly owned 59,269 shares of the company’s stock, valued at approximately $12,935,459.25. This trade represents a 3.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,274 shares of company stock valued at $8,131,054 over the last quarter. Company insiders own 1.26% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.