Challenger Wealth Management Invests $374,000 in Capital One Financial Co. (NYSE:COF)

Challenger Wealth Management acquired a new position in shares of Capital One Financial Co. (NYSE:COF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,100 shares of the financial services provider's stock, valued at approximately $374,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COF. Norges Bank bought a new position in Capital One Financial during the fourth quarter worth about $590,279,000. Lone Pine Capital LLC bought a new position in Capital One Financial during the fourth quarter worth about $577,012,000. Egerton Capital UK LLP bought a new position in Capital One Financial during the fourth quarter worth about $279,159,000. FMR LLC boosted 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 worth $1,440,449,000 after purchasing an additional 1,436,935 shares during the period. Finally, Meritage Group LP bought a new position in shares of Capital One Financial in the fourth quarter valued at approximately $227,662,000. Institutional investors own 89.84% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on COF. Royal Bank of Canada set a $190.00 price objective on shares of Capital One Financial and gave the company a "sector perform" rating in a research report on Monday, April 14th. JPMorgan Chase & Co. cut their price objective 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. Citigroup cut their price objective on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Bank of America raised their price objective 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. Finally, Robert W. Baird upgraded shares of Capital One Financial from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $190.00 to $200.00 in a research report on Tuesday, March 11th. Four 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 a consensus rating of "Moderate Buy" and an average price target of $207.60.

Insiders Place Their Bets

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

Capital One Financial Trading Down 0.3%

Shares of NYSE:COF traded down $0.60 during midday trading on Thursday, hitting $190.48. 4,204,004 shares of the stock traded hands, compared to its average volume of 3,465,017. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The business's 50 day moving average is $178.82 and its two-hundred day moving average is $184.63. The stock has a market capitalization of $72.98 billion, a PE ratio of 16.44, a P/E/G ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.07 billion. As a group, research analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders 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 yield of 1.26%. The ex-dividend date is Friday, May 23rd. Capital One Financial's dividend payout ratio (DPR) is presently 20.15%.

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.