3,891 Shares in Capital One Financial Co. (NYSE:COF) Bought by NorthRock Partners LLC

NorthRock Partners LLC bought a new position in shares of Capital One Financial Co. (NYSE:COF) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,891 shares of the financial services provider’s stock, valued at approximately $694,000.

Other hedge funds have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Capital One Financial by 4.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock worth $8,234,000 after buying an additional 2,006 shares during the period. Geode Capital Management LLC increased its position in shares of Capital One Financial by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock worth $1,467,393,000 after acquiring an additional 207,427 shares in the last quarter. Westbourne Investments Inc. acquired a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $410,000. Artemis Investment Management LLP purchased a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $46,915,000. Finally, Lone Pine Capital LLC purchased a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $577,012,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In related news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial 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 transaction, the director now owns 56,244 shares in the company, valued at $11,175,682.80. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Zamsky sold 9,560 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the transaction, the insider now directly owns 20,089 shares of the company’s stock, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on COF shares. Truist Financial lifted their price objective on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. Argus raised Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. 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. Wells Fargo & Company increased their price objective 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. Finally, Citigroup lowered their target price on Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $207.73.

Capital One Financial Stock Performance

COF stock opened at $197.40 on Friday. The firm has a 50 day moving average of $175.05 and a two-hundred day moving average of $183.43. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The company has a market capitalization of $75.63 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 1.19 and a beta of 1.13. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.07 billion. As a group, equities analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Friday, May 23rd. Capital One Financial’s dividend payout ratio is 20.15%.

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.