Novem Group Takes Position in Capital One Financial Corporation (NYSE:COF)

Novem Group purchased a new stake in Capital One Financial Corporation (NYSE:COF) in the first quarter, according to its most recent filing with the SEC. The fund purchased 1,406 shares of the financial services provider's stock, valued at approximately $252,000.

A number of other institutional investors have also made changes to their positions in COF. Brighton Jones LLC increased its holdings in shares of Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after acquiring an additional 10,428 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Capital One Financial during the 4th quarter valued at approximately $32,000. Steward Partners Investment Advisory LLC boosted its position in Capital One Financial by 15.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,152 shares of the financial services provider's stock valued at $3,950,000 after purchasing an additional 2,943 shares during the period. Keybank National Association OH boosted its position in Capital One Financial by 2.0% during the 4th quarter. Keybank National Association OH now owns 4,873 shares of the financial services provider's stock valued at $869,000 after purchasing an additional 94 shares during the period. Finally, Assetmark Inc. boosted its position in Capital One Financial by 53.4% during the 4th quarter. Assetmark Inc. now owns 63,819 shares of the financial services provider's stock valued at $11,380,000 after purchasing an additional 22,203 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COF shares. Wells Fargo & Company boosted their price objective on Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Bank of America boosted their price objective on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Baird R W upgraded Capital One Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a research report on Tuesday, March 25th. Finally, Citigroup reduced their price objective on 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. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and an average price target of $215.86.

Insiders Place Their Bets

In other news, Director Ann F. Hackett sold 1,658 shares of the business's 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 sale, the director directly owned 56,244 shares of the company's stock, valued at $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Zamsky sold 9,560 shares of the business's 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 sale, the insider directly owned 20,089 shares in the company, valued at $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. 1.26% of the stock is owned by insiders.

Capital One Financial Trading Up 1.0%

Shares of Capital One Financial stock opened at $220.94 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. The firm has a market cap of $84.65 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. The business has a fifty day simple moving average of $196.37 and a 200-day simple moving average of $187.56. Capital One Financial Corporation has a fifty-two week low of $128.23 and a fifty-two week high of $221.95.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.31. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. On average, equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was 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.

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.