Capital One Financial Co. (NYSE:COF) Holdings Raised by Wedmont Private Capital

Wedmont Private Capital grew its stake in shares of Capital One Financial Co. (NYSE:COF) by 1.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,870 shares of the financial services provider’s stock after acquiring an additional 105 shares during the period. Wedmont Private Capital’s holdings in Capital One Financial were worth $1,052,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of COF. Sivia Capital Partners LLC purchased a new stake in shares of Capital One Financial during the first quarter worth $271,000. Procyon Advisors LLC increased its position in Capital One Financial by 6.9% in the 1st quarter. Procyon Advisors LLC now owns 22,569 shares of the financial services provider’s stock worth $4,047,000 after purchasing an additional 1,457 shares during the last quarter. Curat Global LLC purchased a new stake in shares of Capital One Financial during the 1st quarter worth about $409,000. Armstrong Fleming & Moore Inc acquired a new stake in shares of Capital One Financial during the 1st quarter valued at about $3,146,000. Finally, Benin Management CORP grew its stake in shares of Capital One Financial by 15.7% in the 1st quarter. Benin Management CORP now owns 1,385 shares of the financial services provider’s stock valued at $248,000 after buying an additional 188 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ann F. Hackett sold 1,658 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was 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 directly owns 56,244 shares in the company, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Zamsky sold 9,560 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 20,089 shares of the company’s stock, valued at $4,005,746.60. The trade was 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.

Capital One Financial Price Performance

NYSE COF opened at $198.27 on Monday. The stock has a market capitalization of $75.96 billion, a PE ratio of 17.11, a P/E/G ratio of 1.19 and a beta of 1.13. The stock has a 50-day simple moving average of $180.76 and a 200 day simple moving average of $185.06. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. Research analysts anticipate that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.21%. Capital One Financial’s dividend payout ratio is currently 20.15%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Evercore ISI raised 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. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Bank of America upped their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Robert W. Baird raised shares of Capital One Financial from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Finally, Citigroup reduced their price target on Capital One Financial from $245.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.64.

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.