Principal Financial Group Inc. raised its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 4.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 430,654 shares of the financial services provider's stock after acquiring an additional 17,825 shares during the quarter. Principal Financial Group Inc. owned approximately 0.11% of Capital One Financial worth $64,482,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd acquired a new position in Capital One Financial in the second quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Capital One Financial in the third quarter valued at approximately $36,000. Strategic Financial Concepts LLC acquired a new position in shares of Capital One Financial in the 2nd quarter worth approximately $42,000. Creative Financial Designs Inc. ADV grew its position in Capital One Financial by 135.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider's stock worth $43,000 after acquiring an additional 166 shares during the last quarter. Finally, Eastern Bank acquired a new stake in Capital One Financial during the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 89.84% of the company's stock.
Shares of COF stock opened at $178.65 on Friday. The stock has a market cap of $68.16 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.36 and a beta of 1.45. The stock has a 50-day moving average of $176.76 and a 200-day moving average of $154.20. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Co. has a one year low of $123.23 and a one year high of $198.30.
Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the prior year, the firm earned $4.45 earnings per share. The business's quarterly revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts expect that Capital One Financial Co. will post 13.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.34%. Capital One Financial's payout ratio is 22.66%.
In related news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the sale, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kara West sold 721 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 12,929 shares of the company's stock, valued at approximately $2,388,374.17. This trade represents a 5.28 % 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 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.
COF has been the topic of a number of recent analyst reports. Evercore ISI boosted their price objective on Capital One Financial from $163.00 to $184.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Robert W. Baird increased their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the company a "neutral" rating in a research report on Monday, December 9th. Bank of America lowered shares of Capital One Financial from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $203.00 to $200.00 in a research report on Monday, December 9th. Finally, Barclays raised their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Capital One Financial currently has an average rating of "Hold" and an average price target of $171.50.
Read Our Latest Report on COF
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.
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