Denali Advisors LLC Raises Stock Position in Capital One Financial Corp. (NYSE:COF)

Denali Advisors LLC raised its stake in Capital One Financial Corp. (NYSE:COF) by 0.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 120,600 shares of the financial services provider’s stock after buying an additional 900 shares during the quarter. Capital One Financial makes up approximately 1.5% of Denali Advisors LLC’s portfolio, making the stock its 13th biggest holding. Denali Advisors LLC’s holdings in Capital One Financial were worth $10,972,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Next Capital Management LLC purchased a new position in Capital One Financial in the second quarter valued at about $25,000. Coastal Capital Group Inc. purchased a new position in Capital One Financial in the second quarter valued at about $39,000. Camarda Financial Advisors LLC increased its holdings in Capital One Financial by 318.9% in the second quarter. Camarda Financial Advisors LLC now owns 444 shares of the financial services provider’s stock valued at $40,000 after buying an additional 338 shares in the last quarter. North Star Investment Management Corp. purchased a new position in Capital One Financial in the third quarter valued at about $66,000. Finally, Carroll Financial Associates Inc. increased its holdings in Capital One Financial by 35.2% in the third quarter. Carroll Financial Associates Inc. now owns 764 shares of the financial services provider’s stock valued at $69,000 after buying an additional 199 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on COF. ValuEngine cut shares of Capital One Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. BMO Capital Markets set a $141.00 price objective on shares of Capital One Financial and gave the stock a “buy” rating in a research note on Friday, July 19th. Deutsche Bank reissued a “hold” rating and set a $98.00 price objective on shares of Capital One Financial in a research note on Monday, July 8th. Citigroup dropped their price objective on shares of Capital One Financial from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Piper Jaffray Companies dropped their price objective on shares of Capital One Financial from $111.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $104.61.

COF stock traded up $1.29 during midday trading on Wednesday, hitting $85.69. The stock had a trading volume of 1,476,590 shares, compared to its average volume of 2,345,847. The firm has a market cap of $41.07 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 1.08 and a beta of 1.27. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Corp. has a 12-month low of $69.90 and a 12-month high of $98.62. The company’s 50-day moving average price is $88.73 and its 200 day moving average price is $89.16.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, July 18th. The financial services provider reported $3.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.53. The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $7.01 billion. Capital One Financial had a net margin of 17.50% and a return on equity of 10.68%. Capital One Financial’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $3.71 EPS. As a group, sell-side analysts anticipate that Capital One Financial Corp. will post 11.53 EPS for the current year.

In other Capital One Financial news, Director Bradford H. Warner sold 3,777 shares of Capital One Financial stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $91.68, for a total value of $346,275.36. Following the completion of the sale, the director now directly owns 43,207 shares of the company’s stock, valued at approximately $3,961,217.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael J. Wassmer sold 8,212 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $95.03, for a total transaction of $780,386.36. Following the completion of the sale, the insider now directly owns 84,679 shares of the company’s stock, valued at $8,047,045.37. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by insiders.

Capital One Financial Company 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.

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

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