Northeast Financial Consultants Inc Takes Position in Capital One Financial Corp. (NYSE:COF)

Northeast Financial Consultants Inc bought a new position in shares of Capital One Financial Corp. (NYSE:COF) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 3,240 shares of the financial services provider’s stock, valued at approximately $265,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pinnacle Bank acquired a new stake in shares of Capital One Financial during the 4th quarter worth about $28,000. Parkside Financial Bank & Trust lifted its stake in shares of Capital One Financial by 78.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 384 shares of the financial services provider’s stock worth $31,000 after buying an additional 169 shares during the last quarter. Bogart Wealth LLC lifted its stake in shares of Capital One Financial by 72.5% during the 1st quarter. Bogart Wealth LLC now owns 440 shares of the financial services provider’s stock worth $35,000 after buying an additional 185 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Capital One Financial by 4,033.3% during the 4th quarter. Advisors Asset Management Inc. now owns 496 shares of the financial services provider’s stock worth $37,000 after buying an additional 484 shares during the last quarter. Finally, Braun Bostich & Associates Inc. acquired a new stake in Capital One Financial in the 1st quarter worth about $37,000. Institutional investors own 88.72% of the company’s stock.

In other Capital One Financial news, insider Jory A. Berson sold 13,393 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $1,205,370.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kleber Santos sold 2,928 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $84.54, for a total transaction of $247,533.12. Following the sale, the insider now directly owns 19,454 shares in the company, valued at $1,644,641.16. The disclosure for this sale can be found here. Insiders have sold a total of 20,321 shares of company stock worth $1,796,823 over the last three months. Insiders own 1.43% of the company’s stock.

Shares of Capital One Financial stock traded down $1.04 during midday trading on Friday, hitting $89.73. 7,691 shares of the company traded hands, compared to its average volume of 1,513,605. The firm has a market capitalization of $42.28 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 0.91 and a beta of 1.27. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.94. Capital One Financial Corp. has a 12 month low of $69.90 and a 12 month high of $101.26.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, April 25th. The financial services provider reported $2.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.68 by $0.22. Capital One Financial had a net margin of 18.47% and a return on equity of 10.95%. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same period in the previous year, the firm posted $2.62 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts anticipate that Capital One Financial Corp. will post 11.09 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Friday, May 10th. Capital One Financial’s payout ratio is 14.71%.

Several brokerages have weighed in on COF. Royal Bank of Canada reiterated a “sector perform” rating and issued a $98.00 price objective on shares of Capital One Financial in a research note on Friday, May 3rd. Zacks Investment Research cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $115.00 in a research note on Tuesday, May 14th. Finally, ValuEngine raised shares of Capital One Financial from a “sell” rating to a “hold” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $104.35.

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Capital One Financial Company Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corp. (NYSE:COF).

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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