Capital One Financial Co. (NYSE:COF) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its holdings in shares of Capital One Financial Co. (NYSE:COF) by 20.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,084 shares of the financial services provider’s stock after selling 1,836 shares during the period. Private Advisor Group LLC’s holdings in Capital One Financial were worth $1,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of COF. Hartline Investment Corp purchased a new position in shares of Capital One Financial during the first quarter worth about $395,000. Norden Group LLC purchased a new position in shares of Capital One Financial in the 1st quarter valued at approximately $2,239,000. Dillon & Associates Inc. acquired a new position in shares of Capital One Financial in the first quarter valued at approximately $224,000. Culbertson A N & Co. Inc. raised its stake in shares of Capital One Financial by 1.2% during the first quarter. Culbertson A N & Co. Inc. now owns 10,200 shares of the financial services provider’s stock worth $1,519,000 after purchasing an additional 125 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Capital One Financial by 20.0% during the first quarter. Van ECK Associates Corp now owns 38,573 shares of the financial services provider’s stock worth $5,743,000 after purchasing an additional 6,436 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Capital One Financial

In other news, 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 transaction of $1,246,810.24. Following the sale, the insider now owns 10,246 shares in the company, valued at $1,475,833.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Timothy P. Golden sold 8,656 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the completion of the transaction, the insider now owns 10,246 shares of the company’s stock, valued at approximately $1,475,833.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Celia Karam sold 16,913 shares of the stock in a transaction dated 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 transaction, the insider now owns 47,081 shares in the company, valued at $6,726,933.28. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on COF. Evercore ISI cut their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th. 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 boosted their target price on Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $159.00 price objective on shares of Capital One Financial in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Hold” and an average price target of $141.35.

Capital One Financial Stock Performance

NYSE COF opened at $138.92 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.86. The stock has a market cap of $52.82 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 1.07 and a beta of 1.45. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $149.94. The business has a fifty day moving average of $138.46 and a 200-day moving average of $137.60.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). The firm had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. Capital One Financial’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $2.31 earnings per share. As a group, analysts predict that Capital One Financial Co. will post 13.35 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.40 annualized dividend and a yield of 1.73%. Capital One Financial’s payout ratio is currently 18.79%.

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.