Capital Investment Advisors LLC Boosts Stake in Capital One Financial Co. (NYSE:COF)

Capital Investment Advisors LLC grew its position in shares of Capital One Financial Co. (NYSE:COF) by 126.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,174 shares of the financial services provider’s stock after acquiring an additional 2,332 shares during the period. Capital Investment Advisors LLC’s holdings in Capital One Financial were worth $748,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bfsg LLC purchased a new position in shares of Capital One Financial during the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Capital One Financial during the 4th quarter worth approximately $27,000. TruNorth Capital Management LLC purchased a new position in shares of Capital One Financial during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Capital One Financial during the 4th quarter worth approximately $32,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Capital One Financial during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

COF stock opened at $201.08 on Wednesday. The stock’s 50 day simple moving average is $181.83 and its 200 day simple moving average is $185.26. The stock has a market capitalization of $77.04 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. 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 12-month low of $128.23 and a 12-month high of $210.67.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data 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 analyst estimates of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. As a group, research analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a $0.60 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.19%. Capital One Financial’s payout ratio is presently 20.15%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

COF has been the topic of a number of research analyst reports. Bank of America upped 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. JPMorgan Chase & Co. dropped their price target on Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird raised Capital One Financial from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. BTIG Research raised 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. Finally, Baird R W raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.64.

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.