Avestar Capital LLC Grows Holdings in Capital One Financial Co. (NYSE:COF)

Avestar Capital LLC raised its position in Capital One Financial Co. (NYSE:COF) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,395 shares of the financial services provider’s stock after buying an additional 124 shares during the period. Avestar Capital LLC’s holdings in Capital One Financial were worth $1,107,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of COF. Advisors Asset Management Inc. increased its position in shares of Capital One Financial by 90.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,447 shares of the financial services provider’s stock valued at $364,000 after purchasing an additional 1,165 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Capital One Financial by 4.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,153 shares of the financial services provider’s stock valued at $916,000 after acquiring an additional 289 shares during the last quarter. Meiji Yasuda Life Insurance Co bought a new position in shares of Capital One Financial during the 1st quarter valued at approximately $266,000. Comerica Bank increased its stake in shares of Capital One Financial by 17.4% during the 1st quarter. Comerica Bank now owns 103,787 shares of the financial services provider’s stock worth $15,453,000 after purchasing an additional 15,393 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its holdings in shares of Capital One Financial by 15.0% in the 1st quarter. iA Global Asset Management Inc. now owns 13,373 shares of the financial services provider’s stock worth $1,991,000 after purchasing an additional 1,749 shares during the period. Institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the subject of several research reports. Evercore ISI increased their price objective on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Barclays lifted their price objective on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Citigroup assumed coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective on the stock. Robert W. Baird lifted their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Capital One Financial has an average rating of “Hold” and an average target price of $160.18.

Insider Buying and Selling at Capital One Financial

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $3,211,029.12. This trade represents a 9.16 % 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 hyperlink. Also, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the transaction, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock worth $4,982,647 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Capital One Financial Price Performance

NYSE:COF opened at $191.50 on Wednesday. The firm has a market capitalization of $73.06 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.36 and a beta of 1.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average of $164.10 and a 200 day moving average of $148.50. Capital One Financial Co. has a 52-week low of $105.43 and a 52-week high of $198.30.

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 (EPS) for the quarter, beating 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 company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $4.45 EPS. On average, research analysts expect that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, November 14th. 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.