Capital One Financial Corp. (COF) Stake Lifted by IFG Advisory LLC

IFG Advisory LLC lifted its holdings in Capital One Financial Corp. (NYSE:COF) by 21.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,962 shares of the financial services provider’s stock after purchasing an additional 1,238 shares during the quarter. IFG Advisory LLC’s holdings in Capital One Financial were worth $660,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Integrated Investment Consultants LLC bought a new position in shares of Capital One Financial in the second quarter worth $108,000. Kaizen Advisory LLC grew its stake in shares of Capital One Financial by 161.0% in the second quarter. Kaizen Advisory LLC now owns 1,198 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 739 shares in the last quarter. Farmers National Bank bought a new position in shares of Capital One Financial in the second quarter worth $102,000. Sun Life Financial INC grew its stake in shares of Capital One Financial by 518.3% in the second quarter. Sun Life Financial INC now owns 1,317 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in Capital One Financial during the third quarter valued at about $130,000. 88.50% of the stock is owned by institutional investors.

NYSE:COF opened at $90.86 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.99 and a quick ratio of 0.99. Capital One Financial Corp. has a 1-year low of $84.94 and a 1-year high of $106.50. The firm has a market capitalization of $42.24 billion, a P/E ratio of 11.66, a P/E/G ratio of 0.72 and a beta of 1.27.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.89 by $0.23. Capital One Financial had a return on equity of 11.01% and a net margin of 11.84%. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.88 billion. During the same quarter last year, the company posted $2.42 EPS. Capital One Financial’s revenue for the quarter was down .3% on a year-over-year basis. Research analysts expect that Capital One Financial Corp. will post 11.38 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Monday, November 12th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.76%. Capital One Financial’s dividend payout ratio (DPR) is 20.54%.

Several research analysts recently weighed in on COF shares. BMO Capital Markets raised their target price on Capital One Financial from $135.00 to $146.00 and gave the company an “outperform” rating in a research note on Wednesday, October 24th. JPMorgan Chase & Co. decreased their target price on Capital One Financial from $113.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, October 24th. Barclays reaffirmed a “buy” rating on shares of Capital One Financial in a research note on Monday, October 29th. Wells Fargo & Co raised their target price on Capital One Financial from $109.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. Finally, Nomura decreased their target price on Capital One Financial from $109.00 to $98.00 and set a “neutral” rating for the company in a research note on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $109.33.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://sportsperspectives.com/2018/11/09/capital-one-financial-corp-cof-stake-lifted-by-ifg-advisory-llc.html.

Capital One Financial Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

Featured Story: Balanced Fund

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corp. (NYSE:COF).

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

Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply