Richard P Slaughter Associates Inc acquired a new position in Capital One Financial Co. (NYSE:COF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,290 shares of the financial services provider's stock, valued at approximately $231,000.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Capital One Financial by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock worth $5,660,736,000 after buying an additional 234,863 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Capital One Financial by 3.2% in the fourth quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock worth $1,911,387,000 after purchasing an additional 331,595 shares during the period. Geode Capital Management LLC boosted its position in shares of Capital One Financial by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock worth $1,467,393,000 after purchasing an additional 207,427 shares during the period. FMR LLC increased its stake in shares of Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after purchasing an additional 1,436,935 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Capital One Financial by 21.8% during the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock valued at $790,564,000 after purchasing an additional 793,765 shares during the period. 89.84% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on COF shares. JPMorgan Chase & Co. dropped their target price on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. BTIG Research raised Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a research note on Tuesday, March 25th. Bank of America lifted their target price on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $190.00 to $200.00 in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company boosted their target price on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $207.60.
Check Out Our Latest Report on COF
Capital One Financial Trading Up 3.3%
Shares of NYSE COF traded up $6.30 during trading hours on Friday, hitting $198.30. 2,105,985 shares of the company traded hands, compared to its average volume of 3,499,073. The company's 50 day moving average price is $180.35 and its 200 day moving average price is $184.90. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The stock has a market capitalization of $75.98 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.
Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. On average, equities research analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.
Capital One Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, May 23rd. Capital One Financial's dividend payout ratio (DPR) is currently 20.15%.
Insiders Place Their Bets
In other news, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the sale, the insider now owns 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 disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.
Capital One Financial Profile
(
Free Report)
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.
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