600 Shares in Capital One Financial Co. (NYSE:COF) Acquired by Able Wealth Management LLC

Able Wealth Management LLC bought a new stake in shares of Capital One Financial Co. (NYSE:COF) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 600 shares of the financial services provider’s stock, valued at approximately $79,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors increased its stake in Capital One Financial by 2.1% during the 4th quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock worth $1,965,761,000 after purchasing an additional 311,696 shares in the last quarter. Capital Research Global Investors lifted its position 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 valued at $1,603,316,000 after acquiring an additional 1,745,545 shares in the last quarter. Pzena Investment Management LLC increased its holdings in Capital One Financial by 1.6% during the 4th quarter. Pzena Investment Management LLC now owns 7,751,043 shares of the financial services provider’s stock worth $1,016,317,000 after purchasing an additional 124,055 shares in the last quarter. Northern Trust Corp raised its stake in shares of Capital One Financial by 2.6% in the 3rd quarter. Northern Trust Corp now owns 3,954,877 shares of the financial services provider’s stock valued at $383,821,000 after purchasing an additional 99,915 shares during the period. Finally, Norges Bank bought a new stake in shares of Capital One Financial in the fourth quarter valued at about $409,831,000. 89.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. UBS Group upped their price target on shares of Capital One Financial from $132.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $145.00 to $165.00 in a research note on Thursday, June 6th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $159.00 target price on shares of Capital One Financial in a research note on Wednesday, March 27th. Finally, Citigroup upped their price objective on Capital One Financial from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Two 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $141.25.

Capital One Financial Price Performance

COF stock opened at $133.70 on Friday. The company has a market capitalization of $50.83 billion, a P/E ratio of 10.47, a PEG ratio of 1.06 and a beta of 1.45. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $149.94. The company has a fifty day moving average price of $140.52 and a 200-day moving average price of $135.41. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.00 and a current ratio of 1.01.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.04). Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The business had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.35 billion. During the same period last year, the business posted $2.31 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. As a group, equities analysts expect that Capital One Financial Co. will post 13.05 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s payout ratio is 18.79%.

Insider Transactions at Capital One Financial

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