New Century Financial Group LLC Makes New $248,000 Investment in Capital One Financial Co. (NYSE:COF)

New Century Financial Group LLC purchased a new position in Capital One Financial Co. (NYSE:COF) during the second quarter, Holdings Channel reports. The institutional investor purchased 1,794 shares of the financial services provider’s stock, valued at approximately $248,000.

A number of other institutional investors also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Capital One Financial by 21.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock worth $4,093,000 after acquiring an additional 4,840 shares in the last quarter. Twin Tree Management LP lifted its stake in Capital One Financial by 5.6% in the first quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock valued at $10,200,000 after buying an additional 3,609 shares during the period. Clear Harbor Asset Management LLC bought a new position in shares of Capital One Financial during the 2nd quarter worth approximately $511,000. QRG Capital Management Inc. grew its position in shares of Capital One Financial by 3.2% during the 2nd quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock worth $16,927,000 after buying an additional 3,776 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Capital One Financial by 20.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,817 shares of the financial services provider’s stock worth $2,355,000 after buying an additional 2,675 shares during the period. 89.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on COF. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $145.00 to $165.00 in a research note on Thursday, June 6th. Bank of America raised their target price on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. Evercore ISI cut their price target on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $150.00 price objective on shares of Capital One Financial in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and a consensus target price of $147.21.

Capital One Financial Trading Down 0.2 %

Shares of COF opened at $146.51 on Thursday. The firm has a market cap of $55.70 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. 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 debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The business has a 50-day moving average of $142.72 and a 200 day moving average of $141.46.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). The business had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $3.52 earnings per share. As a group, research analysts forecast that Capital One Financial Co. will post 12.91 EPS for the current year.

Capital One Financial Dividend Announcement

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

Insiders Place Their Bets

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

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.