Harbour Investments Inc. Raises Position in Capital One Financial Co. (NYSE:COF)

Harbour Investments Inc. boosted its position in shares of Capital One Financial Co. (NYSE:COF) by 0.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,579 shares of the financial services provider’s stock after buying an additional 71 shares during the period. Harbour Investments Inc.’s holdings in Capital One Financial were worth $1,434,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Prossimo Advisors LLC increased its stake in Capital One Financial by 2.4% in the third quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 65 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of Capital One Financial by 3.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock valued at $266,000 after buying an additional 66 shares during the last quarter. Arvest Investments Inc. raised its stake in Capital One Financial by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider’s stock worth $975,000 after acquiring an additional 75 shares in the last quarter. Bangor Savings Bank lifted its position in Capital One Financial by 20.8% in the third quarter. Bangor Savings Bank now owns 448 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 77 shares during the last quarter. Finally, Grove Bank & Trust boosted its stake in Capital One Financial by 9.3% in the third quarter. Grove Bank & Trust now owns 909 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the transaction, the insider now owns 19,776 shares in the company, valued at $3,211,029.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the sale, the insider now directly owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,466 shares of company stock valued at $2,977,116. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

COF has been the subject of several research reports. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Evercore ISI increased their price objective on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Citigroup initiated coverage on shares of Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price target for the company. Finally, Barclays raised 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 report on Tuesday, October 8th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $156.35.

Capital One Financial Price Performance

Capital One Financial stock opened at $185.46 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a one year low of $104.21 and a one year high of $198.30. The company has a market cap of $70.75 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. The business has a fifty day moving average of $155.16 and a two-hundred day moving average of $145.53.

Capital One Financial (NYSE:COF) last released its quarterly earnings data 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 firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the previous year, the firm earned $4.45 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. As a group, analysts predict that Capital One Financial Co. will post 13.46 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 paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, November 14th. Capital One Financial’s payout ratio is currently 22.66%.

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.