Cornerstone Advisors LLC Purchases 500 Shares of Capital One Financial Co. (NYSE:COF)

Cornerstone Advisors LLC grew its position in shares of Capital One Financial Co. (NYSE:COF) by 6.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,800 shares of the financial services provider’s stock after acquiring an additional 500 shares during the quarter. Cornerstone Advisors LLC’s holdings in Capital One Financial were worth $1,168,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LRI Investments LLC bought a new stake in Capital One Financial in the first quarter worth $25,000. Y.D. More Investments Ltd purchased a new position in Capital One Financial during the 2nd quarter valued at about $28,000. Hobbs Group Advisors LLC purchased a new position in Capital One Financial during the second quarter valued at approximately $29,000. Unique Wealth Strategies LLC bought a new position in shares of Capital One Financial in the 2nd quarter worth $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in Capital One Financial in the third quarter worth about $36,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

COF stock opened at $182.75 on Friday. Capital One Financial Co. has a fifty-two week low of $105.39 and a fifty-two week high of $198.30. The company has a market capitalization of $69.72 billion, a P/E ratio of 17.26, a PEG ratio of 1.32 and a beta of 1.43. The company has a 50-day simple moving average of $161.19 and a 200 day simple moving average of $147.44. 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 (NYSE:COF) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $4.45 EPS. Sell-side analysts predict that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 14th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.31%. Capital One Financial’s payout ratio is 22.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Evercore ISI raised their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. The Goldman Sachs Group raised their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday. Robert W. Baird upped their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Citigroup initiated coverage on shares of Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 price target on the stock. Finally, Royal Bank of Canada lifted their target price on shares of Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $160.18.

Insider Buying and Selling at Capital One Financial

In related news, insider Kara West sold 721 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now owns 12,929 shares of the company’s stock, valued at $2,388,374.17. The trade was a 5.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 directly owns 26,482 shares in the company, 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. Insiders sold 29,007 shares of company stock worth $4,982,647 over the last ninety days. 1.30% of the stock is currently owned by insiders.

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.