Farmers Trust Co. raised its stake in shares of Capital One Financial Corp. (NYSE:COF) by 6.7% during the third quarter, Holdings Channel reports. The firm owned 34,864 shares of the financial services provider’s stock after buying an additional 2,179 shares during the period. Farmers Trust Co.’s holdings in Capital One Financial Corp. were worth $2,504,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of COF. Acrospire Investment Management LLC boosted its position in shares of Capital One Financial Corp. by 70.0% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $108,000 after buying an additional 700 shares during the period. Cobiz Investment Management LLC bought a new position in shares of Capital One Financial Corp. during the third quarter worth approximately $206,000. Culbertson A N & Co. Inc. bought a new position in shares of Capital One Financial Corp. during the third quarter worth approximately $220,000. Banced Corp bought a new position in shares of Capital One Financial Corp. during the second quarter worth approximately $229,000. Finally, Seven Eight Capital LLC bought a new position in shares of Capital One Financial Corp. during the first quarter worth approximately $222,000. 89.72% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Capital One Financial Corp. (NYSE:COF)

Shares of Capital One Financial Corp. (NYSE:COF) traded up 1.74% during trading on Wednesday, hitting $84.04. The company’s stock had a trading volume of 3,800,741 shares. Capital One Financial Corp. has a one year low of $58.03 and a one year high of $84.80. The stock has a market cap of $42.11 billion, a PE ratio of 12.01 and a beta of 1.21. The company has a 50-day moving average price of $77.18 and a 200-day moving average price of $70.93.

Capital One Financial Corp. (NYSE:COF) last posted its earnings results on Tuesday, October 25th. The financial services provider reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.09. Capital One Financial Corp. had a return on equity of 8.44% and a net margin of 14.37%. The business had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $432.47 million. During the same quarter in the previous year, the firm earned $2.10 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. Equities analysts predict that Capital One Financial Corp. will post $7.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Monday, November 14th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, November 9th. Capital One Financial Corp.’s dividend payout ratio (DPR) is presently 22.82%.

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A number of research firms recently issued reports on COF. Robert W. Baird cut Capital One Financial Corp. from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $78.00 to $82.00 in a report on Wednesday, November 16th. Stifel Nicolaus cut Capital One Financial Corp. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $76.00 to $84.00 in a report on Monday, November 14th. Jefferies Group restated a “hold” rating and set a $69.00 price objective on shares of Capital One Financial Corp. in a report on Friday, October 28th. Oppenheimer Holdings Inc. restated an “underperform” rating and set a $60.00 price objective (up previously from $59.00) on shares of Capital One Financial Corp. in a report on Sunday, October 30th. Finally, Wedbush began coverage on Capital One Financial Corp. in a report on Monday, October 10th. They set a “neutral” rating and a $78.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $79.31.

In related news, CEO Richard D. Fairbank sold 4,300 shares of the business’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $75.12, for a total value of $323,016.00. Following the transaction, the chief executive officer now owns 2,597,316 shares in the company, valued at approximately $195,110,377.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard D. Fairbank sold 265,914 shares of the business’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $75.16, for a total value of $19,986,096.24. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Capital One Financial Corp. Company Profile

5 Day Chart for NYSE:COF

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