Founders Grove Wealth Partners LLC Buys New Position in Capital One Financial Co. (NYSE:COF)

Founders Grove Wealth Partners LLC purchased a new stake in shares of Capital One Financial Co. (NYSE:COF) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,224 shares of the financial services provider’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also bought and sold shares of COF. Vanguard Group Inc. lifted its position in Capital One Financial by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider’s stock valued at $5,660,736,000 after buying an additional 234,863 shares during the period. Franklin Resources Inc. increased its position 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 valued at $1,911,387,000 after purchasing 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% in 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 purchasing an additional 207,427 shares during the period. FMR LLC lifted its stake in shares of Capital One Financial by 21.6% in the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock worth $1,440,449,000 after purchasing an additional 1,436,935 shares during the period. Finally, Northern Trust Corp increased its holdings in Capital One Financial by 21.8% in the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider’s stock worth $790,564,000 after acquiring an additional 793,765 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Down 1.5%

Shares of COF stock opened at $197.48 on Friday. The stock has a market cap of $75.66 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.19 and a beta of 1.13. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. The stock has a 50 day moving average of $183.69 and a 200 day moving average of $185.40. 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 (NYSE:COF) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.07 billion. As a group, sell-side analysts expect that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial’s payout ratio is 20.15%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on COF shares. Wells Fargo & Company upped their price target on Capital One Financial from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Royal Bank of Canada set a $190.00 price target on Capital One Financial and gave the stock a “sector perform” rating in a research report on Monday, April 14th. Baird R W upgraded Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. 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 research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. reduced their target price on Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $210.64.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now directly owns 20,089 shares in the company, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the company’s stock in a transaction 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 now 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 ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

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.