BLB&B Advisors LLC Takes Position in Capital One Financial Corporation (NYSE:COF)

BLB&B Advisors LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 24,014 shares of the financial services provider's stock, valued at approximately $4,306,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in COF. Norges Bank acquired a new stake in Capital One Financial during the 4th quarter valued at $590,279,000. Lone Pine Capital LLC bought a new position in Capital One Financial during the fourth quarter valued at about $577,012,000. Egerton Capital UK LLP acquired a new stake in Capital One Financial in the 4th quarter worth approximately $279,159,000. FMR LLC lifted 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 buying an additional 1,436,935 shares during the last quarter. Finally, Meritage Group LP acquired a new position in Capital One Financial during the 4th quarter worth $227,662,000. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COF has been the subject of several research analyst reports. Citigroup cut their target price on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Royal Bank Of Canada set a $190.00 price target on Capital One Financial and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Baird R W upgraded shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Evercore ISI upgraded Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 target price for the company in a research report on Wednesday, March 12th. Finally, Robert W. Baird upgraded shares of Capital One Financial from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $215.86.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction that occurred 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 owned 20,089 shares in the company, valued at $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann F. Hackett sold 1,658 shares of Capital One Financial 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 transaction, the director directly owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This trade 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 corporate insiders.

Capital One Financial Stock Up 1.8%

COF stock traded up $3.79 during trading hours on Wednesday, reaching $218.97. 3,571,033 shares of the stock were exchanged, compared to its average volume of 3,607,839. 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 company has a market cap of $83.90 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 0.90 and a beta of 1.15. The firm's 50-day moving average is $194.04 and its 200-day moving average is $186.82. Capital One Financial Corporation has a 12 month low of $128.23 and a 12 month high of $219.24.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating analysts' consensus estimates 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 9.65% and a return on equity of 9.63%. On average, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were issued a dividend of $0.60 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.10%. Capital One Financial's payout ratio is 20.15%.

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.