Rafferty Asset Management LLC raised its position in Capital One Financial Co. (NYSE:COF - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 134,603 shares of the financial services provider's stock after acquiring an additional 5,142 shares during the quarter. Rafferty Asset Management LLC's holdings in Capital One Financial were worth $24,002,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Capital One Financial by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock worth $5,660,736,000 after buying an additional 234,863 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Capital One Financial by 3.2% during the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock worth $1,911,387,000 after buying an additional 331,595 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Capital One Financial by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock worth $1,467,393,000 after buying an additional 207,427 shares during the last quarter. FMR LLC lifted its stake in shares of Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after buying an additional 1,436,935 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Capital One Financial by 21.8% during the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock worth $790,564,000 after buying an additional 793,765 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on COF shares. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price target on the stock in a research report on Tuesday, March 25th. Wells Fargo & Company raised their price target on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Argus raised shares of Capital One Financial to a "strong-buy" rating in a research report on Thursday, January 23rd. Citigroup lowered their price target 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. Finally, Evercore ISI raised shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target on the stock in a research report on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $207.73.
View Our Latest Stock Analysis on Capital One Financial
Insider Buying and Selling
In other news, Director Ann F. Hackett sold 1,658 shares of the business'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 transaction, the director now owns 56,244 shares in the company, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of 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 disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.
Capital One Financial Trading Up 0.1%
NYSE:COF traded up $0.14 during mid-day trading on Monday, hitting $197.36. 6,046,582 shares of the company's stock were exchanged, compared to its average volume of 3,370,463. The company has a 50 day simple moving average of $175.69 and a 200-day simple moving average of $183.94. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The firm has a market capitalization of $75.62 billion, a P/E ratio of 17.03, a PEG ratio of 1.19 and a beta of 1.13.
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 the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. As a group, research analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current year.
Capital One Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 1.22%. Capital One Financial's dividend payout ratio is presently 20.15%.
About Capital One Financial
(
Free Report)
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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