Platform Technology Partners Increases Stock Holdings in Capital One Financial Corporation (NYSE:COF)

Platform Technology Partners raised its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 84.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,193 shares of the financial services provider's stock after purchasing an additional 2,385 shares during the quarter. Platform Technology Partners' holdings in Capital One Financial were worth $931,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Arizona State Retirement System raised its position in Capital One Financial by 1.9% during the 1st quarter. Arizona State Retirement System now owns 111,880 shares of the financial services provider's stock worth $20,060,000 after buying an additional 2,045 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Capital One Financial by 23.1% in the first quarter. Ballentine Partners LLC now owns 5,067 shares of the financial services provider's stock worth $909,000 after acquiring an additional 951 shares during the period. Cerity Partners LLC lifted its position in Capital One Financial by 14.1% during the first quarter. Cerity Partners LLC now owns 104,263 shares of the financial services provider's stock valued at $18,694,000 after purchasing an additional 12,924 shares during the period. Allworth Financial LP boosted its holdings in Capital One Financial by 3.5% in the first quarter. Allworth Financial LP now owns 5,286 shares of the financial services provider's stock valued at $978,000 after purchasing an additional 178 shares during the last quarter. Finally, Banque Pictet & Cie SA purchased a new stake in Capital One Financial in the first quarter valued at $381,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Michael Zamsky sold 9,560 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 20,089 shares in the company, valued at $4,005,746.60. The trade was a 32.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the director owned 56,244 shares of the company's stock, 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. Company insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays reissued an "overweight" rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Keefe, Bruyette & Woods boosted their price target on Capital One Financial from $232.00 to $248.00 and gave the company an "outperform" rating in a report on Wednesday. Wells Fargo & Company raised their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the company from $184.00 to $258.00 in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $210.00 to $245.00 and gave the stock a "neutral" rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $222.07.

Capital One Financial Price Performance

Shares of Capital One Financial stock traded down $0.88 during mid-day trading on Friday, reaching $219.86. 2,965,732 shares of the stock traded hands, compared to its average volume of 3,624,376. The stock has a market capitalization of $84.24 billion, a PE ratio of 18.46, a PEG ratio of 0.92 and a beta of 1.15. The business has a 50-day moving average of $199.97 and a 200 day moving average of $188.97. Capital One Financial Corporation has a fifty-two week low of $128.23 and a fifty-two week high of $221.95. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping the consensus estimate of $3.75 by $0.31. The firm had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. On average, analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, May 23rd. Capital One Financial's dividend payout ratio (DPR) is 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.