Panagora Asset Management Inc. grew its holdings in shares of Capital One Financial Corp. (NYSE:COF) by 81.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,266,047 shares of the financial services provider’s stock after acquiring an additional 1,014,394 shares during the period. Capital One Financial comprises about 0.8% of Panagora Asset Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Panagora Asset Management Inc. owned approximately 0.48% of Capital One Financial worth $215,116,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in COF. Fox Run Management L.L.C. bought a new position in shares of Capital One Financial in the second quarter worth approximately $221,000. Cornerstone Wealth Management LLC bought a new position in shares of Capital One Financial in the second quarter worth approximately $588,000. Acadian Asset Management LLC bought a new position in shares of Capital One Financial in the second quarter worth approximately $277,000. Janney Montgomery Scott LLC grew its position in Capital One Financial by 14.4% during the second quarter. Janney Montgomery Scott LLC now owns 21,243 shares of the financial services provider’s stock valued at $1,952,000 after acquiring an additional 2,681 shares during the last quarter. Finally, Northpointe Capital LLC bought a new position in Capital One Financial during the second quarter valued at approximately $2,239,000. Institutional investors own 89.33% of the company’s stock.
Shares of Capital One Financial stock opened at $85.63 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.02. The firm has a market cap of $40.56 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.69 and a beta of 1.27. Capital One Financial Corp. has a 12 month low of $84.94 and a 12 month high of $106.50.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Monday, November 12th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, November 8th. Capital One Financial’s dividend payout ratio is currently 20.54%.
A number of analysts have recently weighed in on the company. Zacks Investment Research raised Capital One Financial from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Friday, October 26th. Nomura dropped their price objective 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. Wells Fargo & Co dropped their price objective on Capital One Financial from $110.00 to $103.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Oppenheimer set a $101.00 price target on Capital One Financial and gave the stock 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $109.19.
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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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