National Bank of Canada FI Grows Stock Position in Capital One Financial Co. (NYSE:COF)

National Bank of Canada FI lifted its holdings in shares of Capital One Financial Co. (NYSE:COF) by 443.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 553,744 shares of the financial services provider’s stock after acquiring an additional 451,789 shares during the period. National Bank of Canada FI owned approximately 0.15% of Capital One Financial worth $73,150,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Pzena Investment Management LLC raised its stake in shares of Capital One Financial by 8.3% in the third quarter. Pzena Investment Management LLC now owns 7,626,988 shares of the financial services provider’s stock worth $740,199,000 after purchasing an additional 585,797 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Capital One Financial during the 4th quarter valued at approximately $46,268,000. Wellington Management Group LLP boosted its holdings in shares of Capital One Financial by 37.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,184,671 shares of the financial services provider’s stock valued at $114,972,000 after acquiring an additional 324,095 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Capital One Financial by 1,058.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 202,881 shares of the financial services provider’s stock worth $26,602,000 after acquiring an additional 185,370 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of Capital One Financial by 131.2% during the fourth quarter. Mackenzie Financial Corp now owns 314,989 shares of the financial services provider’s stock worth $41,301,000 after purchasing an additional 178,729 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity 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 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 transaction, the insider now directly 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 accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on COF. BMO Capital Markets lifted their price objective on Capital One Financial from $124.00 to $125.00 and gave the company a “market perform” rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $159.00 price objective on shares of Capital One Financial in a research report on Wednesday, March 27th. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Royal Bank of Canada increased their price target on shares of Capital One Financial from $142.00 to $150.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 21st. Finally, Wolfe Research upgraded shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective for the company in a research report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $138.50.

Capital One Financial Trading Up 0.4 %

Shares of NYSE:COF traded up $0.60 during midday trading on Friday, reaching $142.41. 1,638,256 shares of the company’s stock were exchanged, compared to its average volume of 2,520,853. The firm’s 50 day simple moving average is $141.17 and its two-hundred day simple moving average is $127.98. Capital One Financial Co. has a fifty-two week low of $83.93 and a fifty-two week high of $149.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market cap of $54.14 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 1.03 and a beta of 1.46.

Capital One Financial (NYSE:COF) last released its quarterly 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 company 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%. During the same period last year, the firm posted $2.31 earnings per share. Capital One Financial’s revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that Capital One Financial Co. will post 13.7 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be paid a $0.60 dividend. The ex-dividend date is Friday, May 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.69%. Capital One Financial’s payout ratio is presently 18.79%.

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.