Folger Nolan Fleming Douglas Capital Management Inc. Buys New Position in Capital One Financial Corporation $COF

Folger Nolan Fleming Douglas Capital Management Inc. bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,294 shares of the financial services provider’s stock, valued at approximately $488,000.

Several other hedge funds have also recently added to or reduced their stakes in COF. WPG Advisers LLC bought a new stake in Capital One Financial during the 1st quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 62 shares during the period. Olistico Wealth LLC lifted its position in shares of Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 101 shares during the period. Saudi Central Bank bought a new stake in shares of Capital One Financial in the 1st quarter worth approximately $27,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Capital One Financial in the 2nd quarter worth approximately $27,000. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on COF shares. Robert W. Baird raised their price objective on Capital One Financial from $240.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Evercore ISI raised their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Rothschild & Co Redburn began coverage on Capital One Financial in a research report on Friday, August 1st. They set a “buy” rating and a $290.00 target price for the company. HSBC set a $218.00 target price on Capital One Financial and gave the stock a “hold” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods raised their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.78.

Insiders Place Their Bets

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

Capital One Financial Price Performance

Capital One Financial stock opened at $202.37 on Friday. The business has a 50 day simple moving average of $219.02 and a 200 day simple moving average of $202.11. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The company has a market capitalization of $129.42 billion, a PE ratio of 103.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same period in the prior year, the business earned $3.14 earnings per share. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared 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 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.