Heritage Investors Management Corp lessened its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,557 shares of the financial services provider's stock after selling 3,269 shares during the period. Heritage Investors Management Corp's holdings in Capital One Financial were worth $24,485,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Beacon Capital Management LLC boosted its holdings 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 worth $32,000 after buying an additional 97 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of Capital One Financial during the fourth quarter valued at about $41,000. Bogart Wealth LLC raised its stake in Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock worth $46,000 after buying an additional 243 shares in the last quarter. Rossby Financial LCC bought a new position in Capital One Financial in the first quarter worth about $48,000. Finally, Bernard Wealth Management Corp. bought a new position in Capital One Financial in the first quarter worth about $54,000. Institutional investors and hedge funds own 89.84% of the company's stock.
Capital One Financial Trading Up 1.7%
Shares of COF stock traded up $3.76 during trading hours on Wednesday, reaching $221.18. 5,611,186 shares of the stock were exchanged, compared to its average volume of 3,638,787. Capital One Financial Corporation has a 12-month low of $128.23 and a 12-month high of $231.98. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. The company's 50-day moving average price is $202.98 and its 200-day moving average price is $190.43. The firm has a market capitalization of $84.74 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 0.90 and a beta of 1.15.
Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. The company had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. During the same period in the previous year, the company earned $3.14 EPS. The firm's quarterly revenue was up 31.4% on a year-over-year basis. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.
Capital One Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.09%. Capital One Financial's dividend payout ratio (DPR) is presently 20.15%.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday. BTIG Research upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 target price on the stock in a report on Tuesday, March 25th. Barclays reiterated an "overweight" rating and issued a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $227.40.
Check Out Our Latest Analysis on COF
Insider Activity at Capital One Financial
In other news, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value 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 represents a 32.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction 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 completion of the sale, the director directly owned 56,244 shares in the company, valued at $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. Insiders own 1.26% of the company's stock.
About Capital One Financial
(
Free Report)
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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