Spartan Planning & Wealth Management Has $55,000 Stake in Capital One Financial Co. (NYSE:COF)

Spartan Planning & Wealth Management grew its holdings in shares of Capital One Financial Co. (NYSE:COF) by 13,966.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 422 shares of the financial services provider’s stock after acquiring an additional 419 shares during the period. Spartan Planning & Wealth Management’s holdings in Capital One Financial were worth $55,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in COF. Comerica Bank grew its stake in Capital One Financial by 158.7% during the third quarter. Comerica Bank now owns 87,852 shares of the financial services provider’s stock worth $8,526,000 after purchasing an additional 53,894 shares during the period. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of Capital One Financial during the 4th quarter worth approximately $2,299,000. Montag A & Associates Inc. increased its stake in shares of Capital One Financial by 42,536.0% in the 4th quarter. Montag A & Associates Inc. now owns 21,318 shares of the financial services provider’s stock valued at $2,795,000 after acquiring an additional 21,268 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Capital One Financial by 14.3% during the 4th quarter. First Trust Direct Indexing L.P. now owns 12,715 shares of the financial services provider’s stock valued at $1,667,000 after acquiring an additional 1,588 shares during the period. Finally, National Pension Service boosted its stake in Capital One Financial by 2.8% during the fourth quarter. National Pension Service now owns 804,678 shares of the financial services provider’s stock worth $105,509,000 after acquiring an additional 21,845 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Trading Up 2.6 %

Shares of COF stock opened at $137.16 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a fifty day simple moving average of $140.38 and a two-hundred day simple moving average of $135.95. The firm has a market capitalization of $52.15 billion, a PE ratio of 10.74, a PEG ratio of 1.05 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.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 earnings per share 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 analysts’ expectations of $9.35 billion. During the same quarter in the previous year, the business earned $2.31 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that Capital One Financial Co. will post 13.05 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, May 10th. This represents a $2.40 annualized dividend and a yield of 1.75%. Capital One Financial’s payout ratio is currently 18.79%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. UBS Group lifted their price target on shares of Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Wells Fargo & Company upped their price objective on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. BTIG Research began coverage on shares of Capital One Financial in a research report on Friday, June 7th. They set a “neutral” rating for the company. Finally, Royal Bank of Canada lifted their price target on Capital One Financial from $142.00 to $150.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $141.25.

Insider Buying and Selling 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 transaction of $1,246,810.24. Following the completion of the transaction, 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 Securities & Exchange Commission, which can be accessed through this link. In related 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 transaction, the insider now directly owns 10,246 shares in the company, valued at approximately $1,475,833.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, 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. Company insiders own 1.30% of the company’s stock.

Capital One Financial 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.