BNP Paribas Arbitrage SNC Acquires 48,944 Shares of Capital One Financial Co. (NYSE:COF)

BNP Paribas Arbitrage SNC boosted its holdings in Capital One Financial Co. (NYSE:COF) by 32.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 200,031 shares of the financial services provider’s stock after acquiring an additional 48,944 shares during the quarter. BNP Paribas Arbitrage SNC’s holdings in Capital One Financial were worth $18,437,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Western Pacific Wealth Management LP purchased a new stake in Capital One Financial in the 3rd quarter valued at about $31,000. Neo Ivy Capital Management purchased a new stake in Capital One Financial in the 2nd quarter valued at about $37,000. Investors Asset Management of Georgia Inc. GA ADV increased its stake in Capital One Financial by 200.0% in the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 450 shares of the financial services provider’s stock valued at $41,000 after buying an additional 300 shares during the last quarter. Leelyn Smith LLC purchased a new stake in Capital One Financial in the 3rd quarter valued at about $61,000. Finally, First Command Bank purchased a new stake in Capital One Financial in the 3rd quarter valued at about $63,000. Institutional investors own 88.30% of the company’s stock.

Capital One Financial Stock Up 2.9 %

Shares of NYSE:COF opened at $96.07 on Wednesday. The firm has a fifty day moving average price of $108.22 and a two-hundred day moving average price of $102.19. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.99 and a quick ratio of 0.99. Capital One Financial Co. has a one year low of $86.98 and a one year high of $144.73. The company has a market cap of $36.61 billion, a price-to-earnings ratio of 5.39, a PEG ratio of 0.95 and a beta of 1.49.

Capital One Financial (NYSE:COF – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The financial services provider reported $2.82 EPS for the quarter, missing the consensus estimate of $3.81 by ($0.99). Capital One Financial had a net margin of 19.18% and a return on equity of 13.52%. The firm had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $9.07 billion. During the same period in the previous year, the business earned $5.41 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts anticipate that Capital One Financial Co. will post 14.45 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 17th. Stockholders of record on Monday, February 6th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Friday, February 3rd. Capital One Financial’s dividend payout ratio is currently 13.48%.

Analyst Upgrades and Downgrades

COF has been the subject of several analyst reports. Barclays lowered shares of Capital One Financial from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $160.00 to $119.00 in a research note on Tuesday, January 3rd. Wolfe Research raised their price target on shares of Capital One Financial from $77.00 to $81.00 in a research note on Thursday, December 1st. Bank of America lowered shares of Capital One Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $124.00 to $113.00 in a research note on Tuesday, November 15th. Morgan Stanley raised their price target on shares of Capital One Financial from $90.00 to $96.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 8th. Finally, BMO Capital Markets decreased their price target on shares of Capital One Financial from $152.00 to $141.00 and set an “outperform” rating for the company in a research note on Wednesday, January 25th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $121.12.

About Capital One Financial

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Capital One Financial Corp. operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment includes domestic consumer and small business card lending, and international card lending businesses.