Western Financial Corp CA Raises Stock Holdings in Capital One Financial Corporation (NYSE:COF)

Western Financial Corp CA increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,282 shares of the financial services provider’s stock after acquiring an additional 99 shares during the period. Western Financial Corp CA’s holdings in Capital One Financial were worth $409,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $590,279,000. Lone Pine Capital LLC purchased a new stake in Capital One Financial during the 4th quarter valued at $577,012,000. Egerton Capital UK LLP bought a new stake in shares of Capital One Financial in the 4th quarter worth $279,159,000. FMR LLC raised its stake in shares of 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 worth $1,440,449,000 after purchasing an additional 1,436,935 shares during the last quarter. Finally, Meritage Group LP bought a new position in shares of Capital One Financial during the fourth quarter valued at $227,662,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.9%

COF opened at $208.16 on Thursday. Capital One Financial Corporation has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a market cap of $79.76 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 0.96 and a beta of 1.13. The firm’s fifty day moving average is $190.27 and its 200 day moving average is $186.04.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating the consensus estimate 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, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders 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 1.15%. The ex-dividend date was Friday, May 23rd. Capital One Financial’s payout ratio is currently 20.15%.

Insider Transactions at Capital One Financial

In other 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 value of $329,444.60. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the transaction, the insider now owns 20,089 shares of the company’s stock, 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. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

COF has been the topic of several research analyst reports. Bank of America upped their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Evercore ISI upgraded shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research report on Wednesday, March 12th. Wells Fargo & Company boosted their target price on shares of Capital One Financial from $210.00 to $225.00 and gave the company 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 company a “sector perform” rating in a report on Monday, April 14th. Finally, Baird R W raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $213.00.

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.