Pines Wealth Management LLC Acquires Shares of 1,755 Capital One Financial Co. (NYSE:COF)

Pines Wealth Management LLC bought a new position in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, HoldingsChannel reports. The firm bought 1,755 shares of the financial services provider’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in shares of Capital One Financial during the 3rd quarter valued at about $36,000. Creative Financial Designs Inc. ADV boosted its stake in Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after buying an additional 166 shares during the last quarter. Eastern Bank purchased a new position in Capital One Financial during the 3rd quarter valued at approximately $44,000. Prospera Private Wealth LLC purchased a new stake in shares of Capital One Financial during the 3rd quarter worth approximately $47,000. Finally, Concord Wealth Partners boosted its position in shares of Capital One Financial by 115.3% during the 3rd quarter. Concord Wealth Partners now owns 323 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 173 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other news, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the transaction, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. The trade was a 28.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kara West sold 721 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,388,374.17. The trade was a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,256 shares of company stock valued at $2,462,487 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Capital One Financial Trading Up 3.3 %

COF opened at $190.79 on Thursday. Capital One Financial Co. has a 52 week low of $123.23 and a 52 week high of $198.30. The company has a market capitalization of $72.79 billion, a P/E ratio of 18.02, a PEG ratio of 1.34 and a beta of 1.45. The stock’s fifty day moving average is $183.63 and its two-hundred day moving average is $159.54. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same period in the previous year, the company posted $4.45 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts forecast that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.26%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s payout ratio is 22.66%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Wells Fargo & Company increased their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Evercore ISI boosted their price objective on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Finally, Barclays raised Capital One Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $158.00 to $219.00 in a research report on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Hold” and an average target price of $188.06.

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.