Aviance Capital Partners LLC Purchases 524 Shares of Capital One Financial Co. (NYSE:COF)

Aviance Capital Partners LLC lifted its position in shares of Capital One Financial Co. (NYSE:COF) by 4.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 13,172 shares of the financial services provider’s stock after acquiring an additional 524 shares during the quarter. Aviance Capital Partners LLC’s holdings in Capital One Financial were worth $1,961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in COF. Norges Bank bought a new position in shares of Capital One Financial during the 4th quarter worth $409,831,000. Capital Research Global Investors boosted its stake in Capital One Financial by 16.7% in the 4th quarter. Capital Research Global Investors now owns 12,227,848 shares of the financial services provider’s stock worth $1,603,316,000 after purchasing an additional 1,745,545 shares during the period. National Bank of Canada FI boosted its stake in Capital One Financial by 443.1% in the 4th quarter. National Bank of Canada FI now owns 553,744 shares of the financial services provider’s stock worth $73,150,000 after purchasing an additional 451,789 shares during the period. Panagora Asset Management Inc. boosted its stake in Capital One Financial by 5,968.2% in the 4th quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock worth $54,861,000 after purchasing an additional 411,509 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in Capital One Financial in the 4th quarter worth about $46,268,000. Institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on COF. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $145.00 to $165.00 in a report on Thursday, June 6th. Wolfe Research raised Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective on the stock in a report on Thursday, April 4th. Wells Fargo & Company raised their price objective on Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $134.00 to $152.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, Evercore ISI reduced their price target on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial has an average rating of “Hold” and an average price target of $141.20.

Capital One Financial Price Performance

NYSE COF traded up $3.13 during trading hours on Monday, reaching $141.58. The company’s stock had a trading volume of 484,429 shares, compared to its average volume of 2,508,587. The firm has a market capitalization of $53.83 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 1.09 and a beta of 1.46. Capital One Financial Co. has a 1-year low of $88.23 and a 1-year high of $149.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. The company’s 50-day moving average is $139.80 and its two-hundred day moving average is $137.19.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, April 25th. The financial services provider reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.35 billion. During the same period in the previous year, the company earned $2.31 EPS. Capital One Financial’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts predict that Capital One Financial Co. will post 13.31 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.40 annualized dividend and a dividend yield of 1.70%. Capital One Financial’s dividend payout ratio is presently 18.79%.

Insider Activity at Capital One Financial

In related news, insider Timothy P. Golden sold 8,656 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total value of $1,246,810.24. Following the completion of the transaction, the insider now directly owns 10,246 shares in the company, valued at $1,475,833.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Celia Karam sold 16,913 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the completion of the transaction, the insider now directly owns 47,081 shares in the company, valued at $6,726,933.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Timothy P. Golden sold 8,656 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total value of $1,246,810.24. Following the transaction, the insider now owns 10,246 shares of the company’s stock, valued at $1,475,833.84. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.