Golden State Wealth Management LLC Increases Holdings in Capital One Financial Corporation (NYSE:COF)

Golden State Wealth Management LLC grew its holdings in Capital One Financial Corporation (NYSE:COF) by 397.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,935 shares of the financial services provider's stock after buying an additional 2,345 shares during the quarter. Golden State Wealth Management LLC's holdings in Capital One Financial were worth $526,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Capital One Financial in the fourth quarter worth $27,000. SBI Securities Co. Ltd. bought a new position in Capital One Financial in the 4th quarter worth $32,000. Beacon Capital Management LLC boosted its stake in shares of Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Capital One Financial during the fourth quarter valued at about $41,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of Capital One Financial during the first quarter valued at about $54,000. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

COF has been the subject of several research reports. Citigroup decreased their price target 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. 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. Evercore ISI upgraded Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target on the stock in a research note on Wednesday, March 12th. Barclays reaffirmed an "overweight" rating and set a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a research report on Monday. Finally, Baird R W upgraded Capital One Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $215.86.

Capital One Financial Trading Up 1.4%

Shares of COF stock opened at $210.93 on Friday. 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 Corporation has a 12-month low of $128.23 and a 12-month high of $211.58. The stock has a market capitalization of $80.82 billion, a P/E ratio of 17.71, a P/E/G ratio of 0.91 and a beta of 1.13. The firm's 50 day moving average is $191.24 and its 200 day moving average is $186.22.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. 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 declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid 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 dividend yield of 1.14%. Capital One Financial's dividend payout ratio is currently 20.15%.

Insider Activity

In other Capital One Financial news, 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 value of $329,444.60. Following the completion of the transaction, the director now directly owns 56,244 shares in the company, valued at $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $1,906,264.00. Following the completion of the sale, the insider now directly owns 20,089 shares of the company's stock, valued at approximately $4,005,746.60. This trade represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

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.

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.