Evergreen Capital Management LLC Boosts Holdings in Capital One Financial Co. (NYSE:COF)

Evergreen Capital Management LLC grew its position in shares of Capital One Financial Co. (NYSE:COF) by 11.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,283 shares of the financial services provider’s stock after buying an additional 430 shares during the quarter. Evergreen Capital Management LLC’s holdings in Capital One Financial were worth $593,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Gryphon Financial Partners LLC increased its position in Capital One Financial by 3.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,538 shares of the financial services provider’s stock worth $464,000 after purchasing an additional 114 shares during the period. Advisory Services Network LLC raised its position in Capital One Financial by 1.0% in the fourth quarter. Advisory Services Network LLC now owns 12,296 shares of the financial services provider’s stock worth $1,612,000 after acquiring an additional 125 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Capital One Financial by 5.6% in the fourth quarter. Parallel Advisors LLC now owns 7,059 shares of the financial services provider’s stock valued at $926,000 after acquiring an additional 374 shares during the period. United Services Automobile Association boosted its position in shares of Capital One Financial by 7.3% during the 4th quarter. United Services Automobile Association now owns 11,483 shares of the financial services provider’s stock worth $1,506,000 after purchasing an additional 778 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Capital One Financial by 8.3% during the 4th quarter. TD Asset Management Inc now owns 136,643 shares of the financial services provider’s stock worth $17,917,000 after purchasing an additional 10,510 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Performance

NYSE:COF opened at $146.37 on Thursday. The company has a market cap of $55.89 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.21 and a beta of 1.44. The firm’s 50 day moving average is $142.64 and its two-hundred day moving average is $141.10. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $154.18. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The firm had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. Capital One Financial’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.52 EPS. Analysts expect that Capital One Financial Co. will post 12.91 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 annualized dividend and a yield of 1.64%. Capital One Financial’s payout ratio is 18.79%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. Bank of America upped their price target on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Evercore ISI reduced their price objective on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. BTIG Research initiated coverage on Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price target on shares of Capital One Financial in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $147.21.

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.