Manchester Capital Management LLC Boosts Position in Capital One Financial Co. (NYSE:COF)

Manchester Capital Management LLC raised its stake in shares of Capital One Financial Co. (NYSE:COF) by 13.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,570 shares of the financial services provider’s stock after buying an additional 304 shares during the quarter. Manchester Capital Management LLC’s holdings in Capital One Financial were worth $337,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of Capital One Financial by 1,658.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 199 shares in the last quarter. Bartlett & Co. LLC grew its holdings in shares of Capital One Financial by 726.7% during the fourth quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 218 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Capital One Financial by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 139 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Capital One Financial by 41.9% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 80 shares in the last quarter. Finally, Northwest Financial Advisors purchased a new position in shares of Capital One Financial during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.5 %

COF stock traded up $0.76 during midday trading on Friday, hitting $141.81. The stock had a trading volume of 1,380,022 shares, compared to its average volume of 2,268,403. The firm has a market cap of $53.92 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 1.02 and a beta of 1.46. The business has a 50-day moving average of $142.34 and a two-hundred day moving average of $131.18. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $149.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00.

Capital One Financial (NYSE:COFGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.04). The firm had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.35 billion. Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. Capital One Financial’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.31 earnings per share. As a group, equities research analysts forecast that Capital One Financial Co. will post 13.7 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.69%. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insider Transactions at Capital One Financial

In other news, insider Celia Karam sold 16,913 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total value of $2,416,529.44. Following the sale, the insider now directly owns 47,081 shares of the company’s stock, valued at $6,726,933.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Celia Karam sold 16,913 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the sale, the insider now directly owns 47,081 shares of the company’s stock, valued at $6,726,933.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Timothy P. Golden sold 8,656 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total value of $1,246,810.24. Following the sale, the insider now directly owns 10,246 shares in the company, valued at $1,475,833.84. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on COF shares. Royal Bank of Canada boosted their target price on Capital One Financial from $142.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 21st. Wells Fargo & Company boosted their target price on Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Evercore ISI boosted their target price on Capital One Financial from $142.00 to $155.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. BMO Capital Markets boosted their price objective on Capital One Financial from $124.00 to $125.00 and gave the company a “market perform” rating in a research report on Monday, January 29th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $159.00 price objective on shares of Capital One Financial in a research report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Hold” and a consensus price target of $138.50.

View Our Latest Research Report on Capital One Financial

About Capital One Financial

(Free Report)

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.

Recommended Stories

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 Co. (NYSE:COFFree Report).

Institutional Ownership by Quarter for Capital One Financial (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.