M&G Plc Grows Stake in Capital One Financial Co. (NYSE:COF)

M&G Plc grew its stake in Capital One Financial Co. (NYSE:COF) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,503 shares of the financial services provider’s stock after purchasing an additional 1,959 shares during the period. M&G Plc’s holdings in Capital One Financial were worth $10,275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 1834 Investment Advisors Co. lifted its position in Capital One Financial by 2.6% in the third quarter. 1834 Investment Advisors Co. now owns 6,969 shares of the financial services provider’s stock worth $1,043,000 after buying an additional 175 shares during the last quarter. Catalina Capital Group LLC raised its stake in shares of Capital One Financial by 8.1% in the third quarter. Catalina Capital Group LLC now owns 1,609 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 121 shares during the period. Crestwood Advisors Group LLC lifted its holdings in shares of Capital One Financial by 3.0% in the 3rd quarter. Crestwood Advisors Group LLC now owns 2,903 shares of the financial services provider’s stock worth $435,000 after acquiring an additional 84 shares during the last quarter. ASB Consultores LLC boosted its stake in shares of Capital One Financial by 11.8% during the 3rd quarter. ASB Consultores LLC now owns 1,996 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 211 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in Capital One Financial during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on COF. Bank of America boosted their target price on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Citigroup began coverage on Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective on the stock. Royal Bank of Canada lifted their target price on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Barclays upped their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $156.35.

Insiders Place Their Bets

In other news, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the sale, the insider now directly owns 44,711 shares of the company’s stock, valued at $7,153,760. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the transaction, the insider now owns 44,711 shares of the company’s stock, valued at $7,153,760. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial 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 transaction, the insider now owns 19,776 shares of the company’s stock, valued at $3,211,029.12. The trade was 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 Price Performance

Shares of COF stock opened at $184.81 on Friday. The stock’s 50-day moving average is $151.92 and its 200 day moving average is $144.43. Capital One Financial Co. has a 1-year low of $102.63 and a 1-year high of $198.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $70.51 billion, a P/E ratio of 17.45, a PEG ratio of 1.22 and a beta of 1.43.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (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 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Research analysts predict that Capital One Financial Co. will post 13.17 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th will be given a $0.60 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.30%. Capital One Financial’s payout ratio is 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.