Pacer Advisors Inc. Increases Stock Holdings in Capital One Financial Co. (NYSE:COF)

Pacer Advisors Inc. raised its stake in shares of Capital One Financial Co. (NYSE:COF) by 51.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,107 shares of the financial services provider’s stock after purchasing an additional 14,570 shares during the quarter. Pacer Advisors Inc.’s holdings in Capital One Financial were worth $7,687,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in COF. Creative Planning lifted its stake in shares of Capital One Financial by 10.0% in the 2nd quarter. Creative Planning now owns 48,985 shares of the financial services provider’s stock valued at $6,782,000 after purchasing an additional 4,468 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of Capital One Financial by 67.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 1,646 shares of the financial services provider’s stock valued at $228,000 after buying an additional 661 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new stake in shares of Capital One Financial in the 2nd quarter worth about $684,000. 3Chopt Investment Partners LLC bought a new position in shares of Capital One Financial in the 2nd quarter worth about $483,000. Finally, Cetera Investment Advisers lifted its position in Capital One Financial by 5.1% during the 2nd quarter. Cetera Investment Advisers now owns 44,856 shares of the financial services provider’s stock valued at $6,210,000 after acquiring an additional 2,183 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Shares of COF opened at $204.19 on Thursday. Capital One Financial Co. has a one year low of $128.23 and a one year high of $207.24. The business has a fifty day moving average of $185.91 and a 200 day moving average of $163.69. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 1.00. The firm has a market capitalization of $77.84 billion, a P/E ratio of 17.62, a PEG ratio of 1.29 and a beta of 1.46.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31. The firm had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.81 EPS. As a group, sell-side analysts anticipate that Capital One Financial Co. will post 15.22 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend payout ratio is presently 20.71%.

Wall Street Analyst Weigh In

COF has been the subject of a number of analyst reports. UBS Group raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $168.00 to $235.00 in a research note on Monday, January 13th. Argus raised Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their target price on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Robert W. Baird raised their price target on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average target price of $196.31.

Insider Activity

In related news, insider Kara West sold 721 shares of the business’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 transaction of $133,190.33. Following the completion of the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the transaction, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. This represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,256 shares of company stock valued at $2,462,487 in the last 90 days. Company insiders own 1.30% of the company’s stock.

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.