Wealthfront Advisers LLC Purchases 3,165 Shares of Capital One Financial Corporation (NYSE:COF)

Wealthfront Advisers LLC lifted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 8.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,853 shares of the financial services provider's stock after purchasing an additional 3,165 shares during the period. Wealthfront Advisers LLC's holdings in Capital One Financial were worth $7,684,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Capital One Financial during the fourth quarter valued at $590,279,000. Lone Pine Capital LLC purchased a new position in Capital One Financial in the fourth quarter valued at about $577,012,000. FMR LLC grew its stake in 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 in the last quarter. Meritage Group LP purchased a new position in Capital One Financial in the fourth quarter valued at about $227,662,000. Finally, Invesco Ltd. grew its stake in Capital One Financial by 38.7% in the fourth quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider's stock valued at $734,223,000 after purchasing an additional 1,148,443 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In related news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director owned 56,244 shares in the company, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction dated 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 transaction, the insider owned 20,089 shares of the company's stock, valued at $4,005,746.60. The trade was a 32.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Capital One Financial Stock Up 0.1%

Shares of COF traded up $0.26 during midday trading on Friday, hitting $218.26. The stock had a trading volume of 3,106,806 shares, compared to its average volume of 4,502,423. The company has a 50 day simple moving average of $202.37 and a two-hundred day simple moving average of $189.99. Capital One Financial Corporation has a twelve month low of $128.23 and a twelve month high of $221.95. The firm has a market cap of $83.62 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 0.90 and a beta of 1.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.97.

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

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors 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 1.10%. The ex-dividend date was Friday, May 23rd. Capital One Financial's dividend payout ratio is currently 20.15%.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of recent research reports. Barclays restated an "overweight" rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 target price for the company in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods upped 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, July 9th. Bank of America increased their target price on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and increased their price target for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. 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 data from MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $222.07.

Capital One Financial Company 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.