Optimum Investment Advisors Purchases 700 Shares of Capital One Financial Corporation (NYSE:COF)

Optimum Investment Advisors boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 700.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 800 shares of the financial services provider’s stock after purchasing an additional 700 shares during the period. Optimum Investment Advisors’ holdings in Capital One Financial were worth $143,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Capital One Financial by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider’s stock worth $5,660,736,000 after acquiring an additional 234,863 shares in the last quarter. Franklin Resources Inc. grew its stake in Capital One Financial by 3.2% in the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider’s stock worth $1,911,387,000 after acquiring an additional 331,595 shares in the last quarter. Geode Capital Management LLC grew its stake in Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock worth $1,467,393,000 after acquiring an additional 207,427 shares in the last quarter. FMR LLC grew its stake in Capital One Financial by 21.6% in the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock worth $1,440,449,000 after acquiring an additional 1,436,935 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Capital One Financial by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider’s stock worth $889,519,000 after acquiring an additional 950,415 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on COF shares. Evercore ISI upgraded shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 target price on the stock in a research note on Wednesday, March 12th. Barclays restated an “overweight” rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $183.00 to $210.00 and gave the stock a “neutral” rating in a research note on Thursday, June 26th. Royal Bank Of Canada set a $190.00 price target on shares of Capital One Financial and gave the stock a “sector perform” rating in a research report on Monday, April 14th. Finally, Wells Fargo & Company upped their price target on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.67.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider owned 20,089 shares of the company’s stock, valued at approximately $4,005,746.60. This trade represents a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction of $329,444.60. Following the completion of the transaction, the director directly owned 56,244 shares of the company’s stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Capital One Financial Trading Down 0.2%

NYSE:COF opened at $217.65 on Wednesday. Capital One Financial Corporation has a 52 week low of $128.23 and a 52 week high of $221.95. The firm has a 50 day moving average of $197.76 and a 200 day moving average of $188.22. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $83.39 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 0.92 and a beta of 1.15.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.31. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.07 billion. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were issued 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 dividend yield of 1.10%. Capital One Financial’s dividend payout ratio is currently 20.15%.

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.