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

Folger Nolan Fleming Douglas Capital Management Inc. bought a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, Holdings Channel.com reports. The fund bought 2,294 shares of the financial services provider’s stock, valued at approximately $488,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in COF. Brighton Jones LLC increased its stake in shares of Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after buying an additional 10,428 shares during the period. Simon Quick Advisors LLC grew its stake in shares of Capital One Financial by 22.8% during the first quarter. Simon Quick Advisors LLC now owns 2,708 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 503 shares during the period. Fifth Third Bancorp grew its stake in shares of Capital One Financial by 16.5% during the first quarter. Fifth Third Bancorp now owns 31,899 shares of the financial services provider’s stock worth $5,719,000 after purchasing an additional 4,509 shares during the period. Founders Grove Wealth Partners LLC acquired a new stake in shares of Capital One Financial during the first quarter worth $219,000. Finally, CVA Family Office LLC grew its stake in shares of Capital One Financial by 5.9% during the first quarter. CVA Family Office LLC now owns 1,446 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 80 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $202.37 on Friday. The firm has a market cap of $129.42 billion, a price-to-earnings ratio of 103.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The stock’s 50-day moving average is $219.02 and its 200-day moving average is $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 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 issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.14 earnings per share. Equities analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on COF shares. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday. Keefe, Bruyette & Woods lifted their target price on Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Citigroup lifted their target price on Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Barclays lifted their target price on Capital One Financial from $253.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average price target of $252.78.

Insider Buying and Selling

In related news, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider owned 68,707 shares of the company’s stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,298 shares of company stock worth $5,103,824 in the last three months. Insiders own 1.26% of the company’s stock.

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.