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.
TRADEMARK VIOLATION WARNING: This piece of content was reported by Modern Readers and is the property of of Modern Readers. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.modernreaders.com/news/2019/06/14/northeast-financial-consultants-inc-takes-position-in-capital-one-financial-corp-nysecof.html.
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.
Recommended Story: Why do companies pay special dividends?
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).
Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.