NorthCrest Asset Manangement LLC Raises Holdings in Capital One Financial Co. (NYSE:COF)

NorthCrest Asset Manangement LLC increased its position in Capital One Financial Co. (NYSE:COF) by 2.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 91,240 shares of the financial services provider’s stock after buying an additional 1,997 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Capital One Financial were worth $13,661,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in COF. LRI Investments LLC purchased a new position in Capital One Financial in the first quarter valued at about $25,000. Y.D. More Investments Ltd acquired a new stake in shares of Capital One Financial during the second quarter valued at about $28,000. Hobbs Group Advisors LLC acquired a new stake in shares of Capital One Financial during the second quarter valued at about $29,000. Unique Wealth Strategies LLC acquired a new stake in shares of Capital One Financial during the second quarter valued at about $36,000. Finally, Versant Capital Management Inc grew its stake in shares of Capital One Financial by 391.5% during the second quarter. Versant Capital Management Inc now owns 290 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 231 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Capital One Financial

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares in the company, valued at approximately $5,438,491.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Capital One Financial Stock Up 5.2 %

Shares of Capital One Financial stock traded up $8.01 on Friday, hitting $161.27. 6,087,492 shares of the company traded hands, compared to its average volume of 2,466,654. The company has a 50-day moving average price of $147.39 and a 200 day moving average price of $142.75. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. Capital One Financial Co. has a 12-month low of $89.08 and a 12-month high of $167.93. The company has a market cap of $61.31 billion, a PE ratio of 12.63, a PEG ratio of 1.22 and a beta of 1.44.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the previous year, the business earned $4.45 EPS. Capital One Financial’s quarterly revenue was up 6.8% compared to the same quarter last year. Sell-side analysts predict that Capital One Financial Co. will post 12.87 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, August 23rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is 18.79%.

Analysts Set New Price Targets

A number of brokerages have commented on COF. Barclays lifted their target price on 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. Bank of America lifted their target price on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Robert W. Baird lifted their target price on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday. Royal Bank of Canada lifted their price target on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Evercore ISI cut their price target on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a report on Monday, October 7th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and a consensus price target of $152.39.

Capital One Financial 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.