First Fiduciary Investment Counsel Inc. Acquires 1,736 Shares of Capital One Financial Corporation $COF

First Fiduciary Investment Counsel Inc. increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 3.1% during the second quarter, HoldingsChannel.com reports. The fund owned 58,162 shares of the financial services provider’s stock after buying an additional 1,736 shares during the quarter. Capital One Financial makes up approximately 2.5% of First Fiduciary Investment Counsel Inc.’s investment portfolio, making the stock its 19th largest position. First Fiduciary Investment Counsel Inc.’s holdings in Capital One Financial were worth $12,375,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of COF. Brighton Jones LLC lifted its holdings in Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after acquiring an additional 10,428 shares during the period. Simon Quick Advisors LLC raised its stake in shares of Capital One Financial by 22.8% in the first quarter. Simon Quick Advisors LLC now owns 2,708 shares of the financial services provider’s stock valued at $486,000 after buying an additional 503 shares during the period. Fifth Third Bancorp raised its stake in shares of Capital One Financial by 16.5% in the first quarter. Fifth Third Bancorp now owns 31,899 shares of the financial services provider’s stock valued at $5,719,000 after buying an additional 4,509 shares during the period. Founders Grove Wealth Partners LLC bought a new stake in shares of Capital One Financial in the first quarter valued at $219,000. Finally, CVA Family Office LLC raised its stake in shares of Capital One Financial by 5.9% in the first quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider’s stock valued at $259,000 after buying an additional 80 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COF. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Barclays boosted their target price on Capital One Financial from $253.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday. The Goldman Sachs Group lowered their target price on Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. JPMorgan Chase & Co. lowered their target price on Capital One Financial from $248.00 to $235.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Rothschild & Co Redburn began coverage on Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.78.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel owned 98,486 shares of the company’s stock, valued at $20,878,047.14. This represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,298 shares of company stock valued at $5,103,824. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Price Performance

Shares of NYSE COF opened at $202.37 on Friday. The firm has a market capitalization of $129.42 billion, a P/E ratio of 103.78, a P/E/G ratio of 0.77 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock’s 50-day simple moving average is $219.02 and its two-hundred day simple moving average is $202.11. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. Capital One Financial’s revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.14 earnings per share. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

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.