Old Port Advisors Makes New $220,000 Investment in Capital One Financial Co. (NYSE:COF)

Old Port Advisors purchased a new stake in Capital One Financial Co. (NYSE:COF) in the 4th quarter, Holdings Channel.com reports. The firm purchased 1,232 shares of the financial services provider’s stock, valued at approximately $220,000.

A number of other institutional investors have also modified their holdings of COF. Y.D. More Investments Ltd acquired a new position in Capital One Financial in the second quarter valued at approximately $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Capital One Financial in the 3rd quarter worth approximately $36,000. Strategic Financial Concepts LLC acquired a new position in Capital One Financial during the 2nd quarter valued at approximately $42,000. Creative Financial Designs Inc. ADV grew its stake 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 buying an additional 166 shares during the last quarter. Finally, Eastern Bank acquired a new stake in Capital One Financial in the third quarter worth $44,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $178.71 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average of $180.94 and a 200-day moving average of $156.79. Capital One Financial Co. has a twelve month low of $123.23 and a twelve month high of $198.30. The firm has a market cap of $68.18 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.36 and a beta of 1.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the previous year, the business posted $4.45 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. Analysts forecast that Capital One Financial Co. will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were given a $0.60 dividend. The ex-dividend date was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.34%. Capital One Financial’s dividend payout ratio (DPR) is 22.66%.

Analyst Upgrades and Downgrades

COF has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays boosted their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Bank of America lowered shares of Capital One Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $203.00 to $200.00 in a research note on Monday, December 9th. The Goldman Sachs Group boosted their price objective on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. raised their target price on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $171.50.

Insider Buying and Selling

In other Capital One Financial 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 26.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kara West sold 721 shares of the firm’s stock in a transaction 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 completion of the sale, 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. In the last quarter, insiders have sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is owned by corporate insiders.

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.