Sigma Planning Corp Buys 362 Shares of Capital One Financial Co. (NYSE:COF)

Sigma Planning Corp grew its stake in shares of Capital One Financial Co. (NYSE:COF) by 20.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,170 shares of the financial services provider’s stock after acquiring an additional 362 shares during the quarter. Sigma Planning Corp’s holdings in Capital One Financial were worth $325,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of COF. Covestor Ltd lifted its position in Capital One Financial by 118.1% during the third quarter. Covestor Ltd now owns 1,457 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 789 shares during the period. Atria Investments Inc lifted its holdings in shares of Capital One Financial by 9.2% during the 3rd quarter. Atria Investments Inc now owns 41,045 shares of the financial services provider’s stock worth $6,146,000 after acquiring an additional 3,447 shares during the period. Assetmark Inc. boosted its position in shares of Capital One Financial by 21.6% during the 3rd quarter. Assetmark Inc. now owns 41,616 shares of the financial services provider’s stock worth $6,231,000 after acquiring an additional 7,403 shares in the last quarter. First Fiduciary Investment Counsel Inc. acquired a new position in Capital One Financial during the third quarter valued at approximately $5,879,000. Finally, CWA Asset Management Group LLC bought a new stake in Capital One Financial during the third quarter worth $1,649,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction dated 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 owns 26,482 shares in the company, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s 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 completion of the sale, the insider now owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,007 shares of company stock worth $4,982,647. Corporate insiders own 1.30% of the company’s stock.

Capital One Financial Trading Up 1.2 %

COF opened at $185.14 on Friday. Capital One Financial Co. has a twelve month low of $104.21 and a twelve month high of $198.30. The company has a fifty day moving average of $157.74 and a 200-day moving average of $146.34. The stock has a market cap of $70.63 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.38 and a beta of 1.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $4.45 EPS. On average, sell-side analysts predict that Capital One Financial Co. will post 13.46 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on COF. Royal Bank of Canada lifted their price target on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Robert W. Baird boosted their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Bank of America raised their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. 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 report on Tuesday, October 8th. Finally, Citigroup initiated coverage on shares of Capital One Financial in a research note on Friday, September 20th. They set a “buy” rating and a $190.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of “Hold” and a consensus target price of $156.35.

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.