Highland Capital Management LLC Takes $3.74 Million Position in Capital One Financial Corporation (NYSE:COF)

Highland Capital Management LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 20,870 shares of the financial services provider's stock, valued at approximately $3,742,000.

A number of other hedge funds have also added to or reduced their stakes in COF. Brighton Jones LLC increased its position in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after buying an additional 10,428 shares during the period. IFP Advisors Inc grew its holdings in shares of Capital One Financial by 31.0% during the 4th quarter. IFP Advisors Inc now owns 2,403 shares of the financial services provider's stock worth $428,000 after acquiring an additional 569 shares during the period. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Capital One Financial by 2.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 149,700 shares of the financial services provider's stock worth $26,695,000 after acquiring an additional 2,900 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Capital One Financial by 2.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 86,760 shares of the financial services provider's stock worth $15,471,000 after acquiring an additional 1,792 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Capital One Financial by 1.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 21,507 shares of the financial services provider's stock worth $3,835,000 after acquiring an additional 282 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COF has been the topic of several recent research reports. Royal Bank Of Canada set a $190.00 price target on Capital One Financial and gave the stock a "sector perform" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. upped their price target on Capital One Financial from $183.00 to $210.00 and gave the stock a "neutral" rating in a research note on Thursday. Citigroup reduced their target price on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Baird R W raised shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, Bank of America upped their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $215.86.

Capital One Financial Trading Up 0.3%

Capital One Financial stock opened at $211.17 on Friday. The business's fifty day moving average is $192.21 and its 200 day moving average is $186.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market capitalization of $80.91 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 0.92 and a beta of 1.13. Capital One Financial Corporation has a one year low of $128.23 and a one year high of $212.82.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $10.07 billion. On average, sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a $0.60 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 20.15%.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction 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 transaction, the insider now owns 20,089 shares in the company, valued at $4,005,746.60. This trade represents a 32.24% decrease in their position. The sale was disclosed in a legal filing 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 transaction of $329,444.60. Following the transaction, the director now owns 56,244 shares in the company, valued at $11,175,682.80. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Company 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.

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