Pacer Advisors Inc. Acquires 3,475 Shares of Capital One Financial Corp. (COF)

Pacer Advisors Inc. boosted its holdings in Capital One Financial Corp. (NYSE:COF) by 15.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,850 shares of the financial services provider’s stock after buying an additional 3,475 shares during the quarter. Pacer Advisors Inc.’s holdings in Capital One Financial were worth $2,454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COF. Integrated Investment Consultants LLC purchased a new position in Capital One Financial during the 2nd quarter worth approximately $108,000. Alps Advisors Inc. grew its position in Capital One Financial by 8.7% during the 2nd quarter. Alps Advisors Inc. now owns 9,674 shares of the financial services provider’s stock worth $889,000 after purchasing an additional 774 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its position in Capital One Financial by 2.2% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 61,655 shares of the financial services provider’s stock worth $5,666,000 after purchasing an additional 1,319 shares in the last quarter. State Treasurer State of Michigan grew its position in Capital One Financial by 0.6% during the 2nd quarter. State Treasurer State of Michigan now owns 144,048 shares of the financial services provider’s stock worth $13,238,000 after purchasing an additional 900 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in Capital One Financial during the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 88.21% of the company’s stock.

Shares of NYSE:COF opened at $78.73 on Friday. The firm has a market cap of $37.29 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 0.64 and a beta of 1.26. Capital One Financial Corp. has a 12-month low of $78.53 and a 12-month high of $106.50. 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 issued its earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.23. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.88 billion. Capital One Financial had a net margin of 11.84% and a return on equity of 11.01%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the business posted $2.42 EPS. Equities analysts forecast that Capital One Financial Corp. will post 11.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Monday, November 12th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Thursday, November 8th. Capital One Financial’s dividend payout ratio (DPR) is currently 20.54%.

Several equities analysts have weighed in on COF shares. BMO Capital Markets lifted their price objective on shares of Capital One Financial from $135.00 to $146.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 24th. Sandler O’Neill lifted their price objective on shares of Capital One Financial from $113.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 24th. ValuEngine cut shares of Capital One Financial from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. Oppenheimer set a $116.00 price objective on shares of Capital One Financial and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Finally, Barclays reissued a “buy” rating on shares of Capital One Financial in a research note on Monday, October 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $109.60.

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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.

Further Reading: Understanding Price to Earnings Ratio (PE)

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

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