Rockport Wealth LLC Makes New Investment in Capital One Financial Co. (NYSE:COF)

Rockport Wealth LLC acquired a new position in Capital One Financial Co. (NYSE:COF) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,736 shares of the financial services provider’s stock, valued at approximately $407,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in Capital One Financial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock worth $4,599,720,000 after purchasing an additional 226,720 shares in the last quarter. Capital World Investors raised its stake in 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 purchasing an additional 311,696 shares in the last quarter. Capital Research Global Investors raised its stake in 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 purchasing an additional 1,745,545 shares in the last quarter. Pzena Investment Management LLC raised its stake in 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 purchasing an additional 124,055 shares in the last quarter. Finally, Norges Bank bought a new position in Capital One Financial in the 4th quarter valued at about $409,831,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the topic of several recent analyst reports. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $145.00 to $165.00 in a report on Thursday, June 6th. Wells Fargo & Company raised 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. Evercore ISI decreased their target price on shares of 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. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 8th. Finally, 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. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $144.21.

Capital One Financial Trading Up 0.3 %

NYSE:COF traded up $0.39 during mid-day trading on Tuesday, hitting $145.50. 3,676,507 shares of the company’s stock were exchanged, compared to its average volume of 2,541,598. The company has a 50 day simple moving average of $138.96 and a 200-day simple moving average of $138.45. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $153.35. The firm has a market capitalization of $55.32 billion, a P/E ratio of 11.43, a PEG ratio of 1.16 and a beta of 1.46.

Capital One Financial (NYSE:COF) last issued 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 firm had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.35 billion. Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.31 EPS. As a group, research analysts expect that Capital One Financial Co. will post 13.4 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.65%. Capital One Financial’s dividend payout ratio (DPR) is currently 18.79%.

Insider Transactions at Capital One Financial

In related news, insider Timothy P. Golden sold 8,656 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the transaction, the insider now owns 10,246 shares in the company, valued at approximately $1,475,833.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Capital One Financial 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 sale, the insider now owns 73,734 shares in the company, valued at approximately $11,060,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy P. Golden sold 8,656 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the sale, the insider now owns 10,246 shares of the company’s stock, valued at approximately $1,475,833.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,311 shares of company stock worth $8,274,640. Company insiders own 1.30% of the company’s stock.

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.