Capital One Financial Corporation (NYSE:COF) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,280 shares of the financial services provider's stock after selling 1,480 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Capital One Financial were worth $15,291,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Capital One Financial in the fourth quarter valued at approximately $590,279,000. Lone Pine Capital LLC acquired a new position in shares of Capital One Financial in the fourth quarter valued at approximately $577,012,000. Egerton Capital UK LLP acquired a new position in shares of Capital One Financial in the fourth quarter valued at approximately $279,159,000. FMR LLC increased its holdings in shares of 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 valued at $1,440,449,000 after purchasing an additional 1,436,935 shares during the period. Finally, Meritage Group LP acquired a new position in shares of Capital One Financial in the fourth quarter valued at approximately $227,662,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Price Performance

COF traded up $1.80 during trading on Wednesday, reaching $208.16. 3,037,923 shares of the stock were exchanged, compared to its average volume of 3,581,981. The business's 50 day moving average price is $190.27 and its two-hundred day moving average price is $186.04. 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 company has a market capitalization of $79.76 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 0.96 and a beta of 1.13. Capital One Financial Corporation has a 1 year low of $128.23 and a 1 year high of $210.67.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. The company 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%. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were given a $0.60 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.15%. Capital One Financial's dividend payout ratio is currently 20.15%.

Insider Activity

In other news, Director Ann F. Hackett sold 1,658 shares of the company's 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the insider now owns 20,089 shares in the company, valued at $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on COF shares. Bank of America boosted their target price on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Baird R W raised Capital One Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Citigroup dropped their price objective on Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, March 24th. BTIG Research raised Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective on the stock in a report on Tuesday, March 25th. Finally, Robert W. Baird raised Capital One Financial from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $190.00 to $200.00 in a report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and a consensus price target of $213.00.

Capital One Financial 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.