Castleark Management LLC Makes New Investment in Capital One Financial Co. (NYSE:COF)

Castleark Management LLC acquired a new stake in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 36,260 shares of the financial services provider's stock, valued at approximately $6,466,000.

Several other institutional investors and hedge funds have also modified their holdings of COF. Bfsg LLC acquired a new stake in Capital One Financial during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Capital One Financial during the 4th quarter worth about $27,000. TruNorth Capital Management LLC purchased a new position in shares of Capital One Financial in the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. acquired a new position in Capital One Financial in the 4th quarter worth about $32,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Capital One Financial during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on COF. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a research report on Tuesday, March 25th. Robert W. Baird raised shares of Capital One Financial from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $190.00 to $200.00 in a report on Tuesday, March 11th. Evercore ISI upgraded shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price objective for the company in a research report on Wednesday, March 12th. Royal Bank of Canada set a $190.00 target price on shares of Capital One Financial and gave the company a "sector perform" rating in a research report on Monday, April 14th. Finally, Barclays boosted their target price on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $207.73.

Capital One Financial Trading Down 0.8%

Shares of Capital One Financial stock opened at $195.90 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The stock's 50 day simple moving average is $176.82 and its 200-day simple moving average is $184.25. The stock has a market cap of $75.06 billion, a P/E ratio of 16.90, a P/E/G ratio of 1.19 and a beta of 1.13. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. Analysts predict that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, May 23rd. Capital One Financial's dividend payout ratio is currently 20.15%.

Insider Activity at Capital One Financial

In other news, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the sale, the director now owns 56,244 shares of the company's stock, valued at $11,175,682.80. This represents a 2.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction that occurred 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 sale, the insider now directly owns 20,089 shares in the company, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

About Capital One Financial

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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