Capital One Financial Corporation (NYSE:COF) Shares Acquired by Golden State Equity Partners

Golden State Equity Partners increased its holdings in Capital One Financial Corporation (NYSE:COF) by 20.1% during the 1st quarter, HoldingsChannel reports. The fund owned 3,330 shares of the financial services provider’s stock after acquiring an additional 558 shares during the quarter. Golden State Equity Partners’ holdings in Capital One Financial were worth $597,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Capital One Financial in the fourth quarter worth about $91,780,000. Janney Montgomery Scott LLC raised its stake in Capital One Financial by 9.6% during the first quarter. Janney Montgomery Scott LLC now owns 98,617 shares of the financial services provider’s stock valued at $17,682,000 after buying an additional 8,651 shares in the last quarter. Geode Capital Management LLC raised its stake in Capital One Financial by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock valued at $1,467,393,000 after buying an additional 207,427 shares in the last quarter. Westbourne Investments Inc. acquired a new stake in Capital One Financial during the fourth quarter valued at approximately $410,000. Finally, Lone Pine Capital LLC acquired a new stake in Capital One Financial during the fourth quarter valued at approximately $577,012,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the topic of several research reports. Citigroup cut their price objective on Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company upped their price objective on Capital One Financial from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Bank of America upped their target price on Capital One Financial from $223.00 to $233.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. Robert W. Baird raised Capital One Financial from a “neutral” rating to an “outperform” rating and upped their target price for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Finally, Barclays upped their target price on Capital One Financial from $212.00 to $253.00 and gave the company an “overweight” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $213.00.

Capital One Financial Stock Performance

Shares of COF stock opened at $208.16 on Thursday. Capital One Financial Corporation has a 12-month low of $128.23 and a 12-month high of $210.67. The firm has a market capitalization of $79.76 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 0.96 and a beta of 1.13. The business has a 50 day simple moving average of $190.27 and a 200 day simple moving average of $186.04. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.97.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.31. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. On average, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.15%. Capital One Financial’s dividend payout ratio (DPR) is 20.15%.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 9,560 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the sale, the insider now directly owns 20,089 shares of the company’s stock, valued at $4,005,746.60. This trade represents a 32.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ann F. Hackett sold 1,658 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the sale, the director now directly owns 56,244 shares of the company’s stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Capital One Financial Company 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.