Waverly Advisors LLC acquired a new stake in Capital One Financial Co. (NYSE:COF - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,945 shares of the financial services provider's stock, valued at approximately $347,000.
A number of other institutional investors have also recently bought and sold shares of COF. Vanguard Group Inc. increased its holdings in Capital One Financial by 0.7% during 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 purchasing an additional 234,863 shares in the last quarter. Franklin Resources Inc. raised its position in Capital One Financial by 3.2% during 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 acquiring an additional 331,595 shares in the last quarter. Geode Capital Management LLC increased its position 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 worth $1,467,393,000 after buying an additional 207,427 shares during the last quarter. FMR LLC increased its holdings in shares of Capital One Financial by 21.6% during 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 during the last quarter. Finally, Northern Trust Corp boosted its position in Capital One Financial by 21.8% during the fourth quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock worth $790,564,000 after purchasing an additional 793,765 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on COF shares. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 target price on the stock in a research note on Tuesday, March 25th. Bank of America boosted their price target 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. 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 research report on Tuesday, April 8th. Royal Bank of Canada set a $190.00 target price on Capital One Financial and gave the company a "sector perform" rating in a research report on Monday, April 14th. Finally, Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and increased their price target for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $207.60.
View Our Latest Research Report on Capital One Financial
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 stock was sold at an average price of $199.40, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the transaction, the director now directly owns 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.
Capital One Financial Stock Performance
Capital One Financial stock traded down $0.97 during midday trading on Wednesday, hitting $191.08. The stock had a trading volume of 4,355,338 shares, compared to its average volume of 3,454,881. The company has a market capitalization of $73.21 billion, a PE ratio of 16.49, a P/E/G 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. The firm's fifty day moving average is $178.50 and its two-hundred day moving average is $184.59. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67.
Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.31. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. On average, research analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current year.
Capital One Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, May 23rd. Capital One Financial's dividend payout ratio is presently 20.15%.
Capital One Financial Profile
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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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