Founders Financial Securities LLC Boosts Holdings in Capital One Financial Co. (NYSE:COF)

Founders Financial Securities LLC grew its position in Capital One Financial Co. (NYSE:COF) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,311 shares of the financial services provider’s stock after buying an additional 658 shares during the period. Founders Financial Securities LLC’s holdings in Capital One Financial were worth $1,089,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake 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 valued at $4,021,016,000 after buying an additional 131,400 shares during the period. Capital World Investors lifted its holdings in shares of Capital One Financial by 2.1% in 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 acquiring an additional 311,696 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Capital One Financial by 16.7% in 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 acquiring an additional 1,745,545 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Capital One Financial by 1.6% in 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 acquiring an additional 124,055 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Capital One Financial in the 4th quarter worth approximately $409,831,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 3.3 %

Shares of COF traded up $4.42 during midday trading on Friday, reaching $138.45. The stock had a trading volume of 4,959,929 shares, compared to its average volume of 2,291,776. Capital One Financial Co. has a 1-year low of $88.23 and a 1-year high of $149.94. The company’s fifty day simple moving average is $139.80 and its two-hundred day simple moving average is $137.10. The company has a market cap of $52.64 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.06 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, April 25th. The financial services provider reported $3.21 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%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $2.31 earnings per share. Equities research analysts expect that Capital One Financial Co. will post 13.31 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Friday, May 10th. Capital One Financial’s dividend payout ratio (DPR) is 18.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on COF shares. BTIG Research started coverage on shares of Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. Wolfe Research upgraded shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective on the stock in a report on Thursday, April 4th. 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. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $159.00 target price on shares of Capital One Financial in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $141.20.

Insider Activity at Capital One Financial

In related news, insider Timothy P. Golden sold 8,656 shares of the stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which is available at this link. 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 value of $1,246,810.24. Following the transaction, 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 is available at the SEC website. Also, insider Celia Karam sold 16,913 shares of Capital One Financial stock in a transaction 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 transaction, the insider now owns 47,081 shares in the company, valued at $6,726,933.28. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.