Aigen Investment Management LP Invests $517,000 in Capital One Financial Co. (NYSE:COF)

Aigen Investment Management LP bought a new stake in Capital One Financial Co. (NYSE:COF) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,453 shares of the financial services provider’s stock, valued at approximately $517,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its stake in shares of Capital One Financial by 72.8% in the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after purchasing an additional 8,900,241 shares in the last quarter. Eminence Capital LP acquired a new stake in Capital One Financial in the second quarter worth about $127,465,000. Clearbridge Investments LLC grew its position in Capital One Financial by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after buying an additional 549,665 shares in the last quarter. International Assets Investment Management LLC increased its stake in Capital One Financial by 123.4% during the 2nd quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock valued at $107,016,000 after buying an additional 427,000 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Capital One Financial by 1,518.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider’s stock valued at $61,742,000 after buying an additional 386,870 shares during the period. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 1.0 %

COF stock opened at $183.00 on Friday. The company’s 50 day simple moving average is $156.00 and its 200-day simple moving average is $145.81. Capital One Financial Co. has a 52-week low of $104.21 and a 52-week high of $198.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $69.82 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.39 and a beta of 1.43.

Capital One Financial (NYSE:COF) last released its 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. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the prior year, the company earned $4.45 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities research analysts anticipate that Capital One Financial Co. will post 13.46 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.31%. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Insider Activity

In related news, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. The trade was a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the stock in a transaction that occurred 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 sale, the insider now owns 26,482 shares of the company’s stock, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock worth $4,982,647 in the last 90 days. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Robert W. Baird increased their price target on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Citigroup began coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective for the company. Finally, Evercore ISI lifted their target price on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $156.35.

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.