Geode Capital Management LLC Buys 159,616 Shares of Capital One Financial Co. (NYSE:COF)

Geode Capital Management LLC increased its stake in Capital One Financial Co. (NYSE:COF) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,020,160 shares of the financial services provider’s stock after buying an additional 159,616 shares during the quarter. Geode Capital Management LLC owned about 2.10% of Capital One Financial worth $1,198,664,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of COF. Sequoia Financial Advisors LLC grew its stake in shares of Capital One Financial by 20.5% during the second quarter. Sequoia Financial Advisors LLC now owns 6,724 shares of the financial services provider’s stock valued at $931,000 after buying an additional 1,142 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Capital One Financial by 25.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,440 shares of the financial services provider’s stock valued at $2,968,000 after acquiring an additional 4,321 shares during the last quarter. Great Valley Advisor Group Inc. increased its stake in Capital One Financial by 18.9% in the second quarter. Great Valley Advisor Group Inc. now owns 2,734 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 434 shares during the period. PGGM Investments lifted its position in shares of Capital One Financial by 7.9% during the second quarter. PGGM Investments now owns 43,455 shares of the financial services provider’s stock worth $6,016,000 after purchasing an additional 3,168 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Capital One Financial by 2.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,203 shares of the financial services provider’s stock valued at $2,243,000 after purchasing an additional 386 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the business’s 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 transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,007 shares of company stock worth $4,982,647 in the last 90 days. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group increased their price objective on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. 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 report on Friday, October 25th. Citigroup started coverage on Capital One Financial in a research note on Friday, September 20th. They set a “buy” rating and a $190.00 price target on the stock. Finally, Barclays upped their price objective on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $168.47.

Capital One Financial Price Performance

Shares of NYSE COF opened at $183.87 on Wednesday. Capital One Financial Co. has a fifty-two week low of $117.13 and a fifty-two week high of $198.30. The company has a market cap of $70.15 billion, a PE ratio of 17.36, a P/E/G ratio of 1.37 and a beta of 1.45. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The business has a 50-day simple moving average of $171.11 and a two-hundred day simple moving average of $151.48.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same period last year, the business earned $4.45 EPS. Capital One Financial’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities analysts expect that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

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.