Bessemer Group Inc. Lowers Position in Capital One Financial Corporation (NYSE:COF)

Bessemer Group Inc. lowered its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 46.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,318 shares of the financial services provider's stock after selling 15,298 shares during the quarter. Bessemer Group Inc.'s holdings in Capital One Financial were worth $3,106,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Capital One Financial in the 4th quarter valued at approximately $27,000. SBI Securities Co. Ltd. purchased a new position in Capital One Financial in the 4th quarter valued at $32,000. Beacon Capital Management LLC grew its position in Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after buying an additional 97 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Capital One Financial in the 4th quarter valued at $41,000. Finally, Bernard Wealth Management Corp. purchased a new position in Capital One Financial during the 1st quarter worth $54,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Price Performance

Shares of NYSE COF traded up $2.49 on Tuesday, hitting $215.25. The company's stock had a trading volume of 2,566,501 shares, compared to its average volume of 3,591,206. The stock has a 50 day moving average of $193.15 and a 200-day moving average of $186.62. The company has a market capitalization of $82.47 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 0.93 and a beta of 1.13. Capital One Financial Corporation has a 12-month low of $128.23 and a 12-month high of $216.78. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.97.

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

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's dividend payout ratio is presently 20.15%.

Insider Activity

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 56,244 shares in the company, valued at $11,175,682.80. The trade was 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.

Analysts Set New Price Targets

Several analysts have recently weighed in on COF shares. Bank of America lifted their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $183.00 to $210.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. Baird R W upgraded Capital One Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Royal Bank Of Canada set a $190.00 price target on Capital One Financial and gave the company a "sector perform" rating in a report on Monday, April 14th. Finally, Citigroup dropped their price objective on Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $215.86.

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.