Confluence Wealth Services Inc. Invests $282,000 in Capital One Financial Corporation (NYSE:COF)

Confluence Wealth Services Inc. acquired a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,599 shares of the financial services provider's stock, valued at approximately $282,000.

A number of other large investors have also made changes to their positions in COF. Vanguard Group Inc. increased its stake in Capital One Financial by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock valued at $5,660,736,000 after acquiring an additional 234,863 shares during the period. Franklin Resources Inc. increased its position in shares of Capital One Financial by 3.2% during the fourth quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock valued at $1,911,387,000 after purchasing an additional 331,595 shares during the period. Geode Capital Management LLC increased its holdings in Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after buying an additional 207,427 shares during the period. FMR LLC raised its position in 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 purchasing an additional 1,436,935 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Capital One Financial by 21.8% during the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock worth $790,564,000 after buying an additional 793,765 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada set a $190.00 target price on shares of Capital One Financial and gave the stock a "sector perform" rating in a report on Monday, April 14th. Barclays reaffirmed an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. 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. Baird R W upgraded Capital One Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, Evercore ISI upgraded 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. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $215.86.

Capital One Financial Trading Up 1.0%

Shares of COF traded up $2.13 during trading hours on Thursday, hitting $220.94. 1,856,041 shares of the stock traded hands, compared to its average volume of 3,600,861. The business has a fifty day moving average of $194.89 and a 200-day moving average of $187.04. The firm has a market capitalization of $84.65 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 0.90 and a beta of 1.15. Capital One Financial Corporation has a 1-year low of $128.23 and a 1-year high of $221.88. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. Analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction 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 transaction, the insider owned 20,089 shares of the company's stock, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $329,444.60. Following the sale, 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 insiders.

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.