Ruane Cunniff & Goldfarb L.P. Has $414.94 Million Holdings in Capital One Financial Co. (NYSE:COF)

Ruane Cunniff & Goldfarb L.P. lowered its position in shares of Capital One Financial Co. (NYSE:COF) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,771,238 shares of the financial services provider’s stock after selling 52,306 shares during the quarter. Capital One Financial accounts for approximately 6.5% of Ruane Cunniff & Goldfarb L.P.’s investment portfolio, making the stock its 8th largest position. Ruane Cunniff & Goldfarb L.P.’s holdings in Capital One Financial were worth $414,937,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Asset Management One Co. Ltd. boosted its stake in Capital One Financial by 5.3% during the third quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock valued at $21,976,000 after buying an additional 7,331 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Capital One Financial in the 3rd quarter valued at $1,649,000. Clear Harbor Asset Management LLC acquired a new position in shares of Capital One Financial in the 2nd quarter valued at $511,000. QRG Capital Management Inc. boosted its position in shares of Capital One Financial by 3.2% in the 2nd quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock valued at $16,927,000 after purchasing an additional 3,776 shares during the period. Finally, Cetera Advisors LLC boosted its position in shares of Capital One Financial by 114.0% in the 1st quarter. Cetera Advisors LLC now owns 7,948 shares of the financial services provider’s stock valued at $1,183,000 after purchasing an additional 4,234 shares during the period. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $191.27 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $165.02 and its two-hundred day moving average is $148.80. The company has a market cap of $72.97 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.40 and a beta of 1.43. Capital One Financial Co. has a 12 month low of $106.14 and a 12 month high of $198.30.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping the consensus estimate of $3.70 by $0.81. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.45 EPS. On average, equities analysts expect that Capital One Financial Co. will post 13.54 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s payout ratio is presently 22.66%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on COF shares. The Goldman Sachs Group increased their price target on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Barclays raised their price target on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Robert W. Baird raised their price target on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada raised their price objective on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $160.18.

Insider Transactions at Capital One Financial

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the sale, the insider now owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This trade represents a 9.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kara West sold 721 shares of Capital One Financial stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now directly owns 12,929 shares in the company, valued at $2,388,374.17. The trade was a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is owned by corporate insiders.

About Capital One Financial

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.