Daiwa Securities Group Inc. Boosts Stake in Capital One Financial Corp. (NYSE:COF)

Daiwa Securities Group Inc. boosted its stake in shares of Capital One Financial Corp. (NYSE:COF) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,787 shares of the financial services provider’s stock after acquiring an additional 1,245 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Capital One Financial were worth $1,689,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of COF. Mutual of America Capital Management LLC raised its holdings in shares of Capital One Financial by 0.8% in the second quarter. Mutual of America Capital Management LLC now owns 62,630 shares of the financial services provider’s stock valued at $5,756,000 after purchasing an additional 515 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Capital One Financial by 29.2% in the second quarter. SRS Capital Advisors Inc. now owns 2,667 shares of the financial services provider’s stock valued at $245,000 after buying an additional 602 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Capital One Financial by 9.8% in the third quarter. Oppenheimer & Co. Inc. now owns 6,919 shares of the financial services provider’s stock valued at $657,000 after buying an additional 615 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Capital One Financial by 2.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 26,491 shares of the financial services provider’s stock valued at $2,433,000 after buying an additional 641 shares in the last quarter. Finally, Bank of Stockton grew its stake in shares of Capital One Financial by 31.9% in the second quarter. Bank of Stockton now owns 2,765 shares of the financial services provider’s stock valued at $254,000 after buying an additional 668 shares in the last quarter. 88.35% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have commented on COF shares. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Friday, October 26th. Nomura reduced their target price on shares of Capital One Financial from $109.00 to $98.00 and set a “neutral” rating for the company in a research report on Wednesday, October 24th. Wells Fargo & Co reduced their target price on shares of Capital One Financial from $110.00 to $103.00 and set an “outperform” rating for the company in a research report on Wednesday, October 24th. Oppenheimer set a $101.00 price target on Capital One Financial and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Finally, JPMorgan Chase & Co. dropped their price target 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $109.19.

COF stock traded up $0.79 during trading on Monday, hitting $90.47. The company had a trading volume of 2,309,500 shares, compared to its average volume of 2,483,660. Capital One Financial Corp. has a one year low of $84.94 and a one year high of $106.50. The stock has a market capitalization of $42.48 billion, a PE ratio of 11.61, a PEG ratio of 0.72 and a beta of 1.26. 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 (NYSE:COF) last announced its earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $6.88 billion. During the same period in the prior year, the business posted $2.42 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. As a group, research analysts expect that Capital One Financial Corp. will post 11.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Monday, November 12th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Thursday, November 8th. Capital One Financial’s payout ratio is 20.54%.

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About Capital One Financial

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.

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

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