Black Diamond Financial LLC Buys Shares of 1,651 Capital One Financial Corporation (NYSE:COF)

Black Diamond Financial LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,651 shares of the financial services provider's stock, valued at approximately $296,000.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Capital One Financial during the fourth quarter valued at approximately $590,279,000. Lone Pine Capital LLC acquired a new position in Capital One Financial during the fourth quarter valued at approximately $577,012,000. Egerton Capital UK LLP acquired a new position in Capital One Financial during the fourth quarter valued at approximately $279,159,000. FMR LLC lifted its position in Capital One Financial by 21.6% during the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after buying an additional 1,436,935 shares in the last quarter. Finally, Meritage Group LP acquired a new position in Capital One Financial during the fourth quarter valued at approximately $227,662,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Down 0.4%

Shares of NYSE:COF traded down $0.88 during midday trading on Friday, reaching $219.86. The company had a trading volume of 2,965,732 shares, compared to its average volume of 3,624,376. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.97. The stock's fifty day moving average price is $199.97 and its 200-day moving average price is $188.97. The stock has a market capitalization of $84.24 billion, a P/E ratio of 18.46, a PEG ratio of 0.92 and a beta of 1.15. Capital One Financial Corporation has a one year low of $128.23 and a one year high of $221.95.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. Equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.60 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 1.09%. Capital One Financial's payout ratio is 20.15%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the business's stock in a transaction on Monday, May 12th. The shares were 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 owned 20,089 shares in the company, valued at $4,005,746.60. The trade was a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ann F. Hackett sold 1,658 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the sale, the director owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on COF. Royal Bank Of Canada set a $190.00 price target on shares of Capital One Financial and gave the company a "sector perform" rating in a research report on Monday, April 14th. Bank of America lifted their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Citigroup reduced their price target on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. BTIG Research upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective on the stock in a research note on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Capital One Financial from $232.00 to $248.00 and gave the company an "outperform" rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and an average price target of $222.07.

Capital One Financial 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.