Asset Allocation Strategies LLC Has $216,000 Position in Capital One Financial Co. (NYSE:COF)

Asset Allocation Strategies LLC lessened its holdings in Capital One Financial Co. (NYSE:COF) by 5.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,561 shares of the financial services provider’s stock after selling 94 shares during the period. Asset Allocation Strategies LLC’s holdings in Capital One Financial were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COF. Capital Research Global Investors raised its stake in shares of Capital One Financial by 72.8% in the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after acquiring an additional 8,900,241 shares during the last quarter. Norges Bank acquired a new stake in shares of Capital One Financial in the fourth quarter valued at $409,831,000. Clearbridge Investments LLC raised its holdings in shares of Capital One Financial by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after buying an additional 549,665 shares during the last quarter. National Bank of Canada FI lifted its position in Capital One Financial by 443.1% during the 4th quarter. National Bank of Canada FI now owns 553,744 shares of the financial services provider’s stock worth $73,150,000 after buying an additional 451,789 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Capital One Financial by 123.4% during the 2nd quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock worth $107,016,000 after acquiring an additional 427,000 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on COF shares. BTIG Research initiated coverage on shares of Capital One Financial in a research report on Friday, June 7th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 8th. Bank of America upped their price target on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. Finally, Evercore ISI cut 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 research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $145.89.

Insider Buying and Selling at Capital One Financial

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Capital One Financial Stock Up 1.1 %

COF traded up $1.56 during trading on Friday, reaching $146.93. The company had a trading volume of 1,983,621 shares, compared to its average volume of 2,477,462. The business’s fifty day moving average price is $140.83 and its 200 day moving average price is $140.14. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $153.35. The company has a market cap of $55.86 billion, a P/E ratio of 11.51, a PEG ratio of 1.13 and a beta of 1.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The company had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the firm posted $3.52 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Capital One Financial Co. will post 13.17 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Monday, August 12th. Capital One Financial’s dividend 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.