Procyon Advisors LLC Buys 740 Shares of Capital One Financial Co. (NYSE:COF)

Procyon Advisors LLC lifted its stake in Capital One Financial Co. (NYSE:COF) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,225 shares of the financial services provider’s stock after purchasing an additional 740 shares during the period. Procyon Advisors LLC’s holdings in Capital One Financial were worth $2,267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Capital One Financial by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 30,666,688 shares of the financial services provider’s stock worth $4,021,016,000 after purchasing an additional 131,400 shares during the last quarter. Capital World Investors raised 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 buying an additional 311,696 shares during the period. Capital Research Global Investors raised its stake in Capital One Financial by 16.7% during the 4th quarter. Capital Research Global Investors now owns 12,227,848 shares of the financial services provider’s stock worth $1,603,316,000 after buying an additional 1,745,545 shares during the period. Pzena Investment Management LLC raised its stake 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 buying an additional 124,055 shares during the period. Finally, Norges Bank acquired a new stake in Capital One Financial during the 4th quarter worth $409,831,000. 89.84% of the stock is currently owned by institutional investors.

Insider Transactions at Capital One Financial

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

Analysts Set New Price Targets

Several brokerages recently commented on COF. Evercore ISI dropped their price objective on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday. Wells Fargo & Company raised their price objective on Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $159.00 price target on shares of Capital One Financial in a research note on Wednesday, March 27th. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Finally, UBS Group lifted their price target on Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $141.20.

Capital One Financial Trading Down 2.0 %

Capital One Financial stock opened at $134.07 on Friday. Capital One Financial Co. has a 52 week low of $88.23 and a 52 week high of $149.94. 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 market capitalization of $50.97 billion, a P/E ratio of 10.50, a PEG ratio of 1.08 and a beta of 1.45. The stock has a 50-day simple moving average of $140.05 and a 200 day simple moving average of $136.87.

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 (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.35 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The company’s revenue was up 5.6% on a year-over-year basis. Analysts expect that Capital One Financial Co. will post 13.31 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders 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 1.79%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s dividend payout ratio is presently 18.79%.

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.