Procyon Advisors LLC Grows Stock Position in Capital One Financial Co. (NYSE:COF)

Procyon Advisors LLC lifted its stake in Capital One Financial Co. (NYSE:COF) by 10.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,383 shares of the financial services provider’s stock after purchasing an additional 1,907 shares during the period. Procyon Advisors LLC’s holdings in Capital One Financial were worth $2,902,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Financial Security Advisor Inc. increased its holdings in shares of Capital One Financial by 2.4% during the 1st quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock worth $485,000 after buying an additional 75 shares during the last quarter. Valley National Advisers Inc. increased its holdings in shares of Capital One Financial by 0.5% during the 1st quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock worth $2,435,000 after buying an additional 75 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Capital One Financial by 11.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $107,000 after buying an additional 75 shares during the last quarter. Bangor Savings Bank increased its holdings in shares of Capital One Financial by 20.8% during the 3rd quarter. Bangor Savings Bank now owns 448 shares of the financial services provider’s stock worth $67,000 after buying an additional 77 shares during the last quarter. Finally, Bruce G. Allen Investments LLC boosted its position in Capital One Financial by 12.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 700 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 78 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 of the company’s stock, valued at approximately $5,438,491.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Capital One Financial Stock Up 3.0 %

COF stock opened at $155.68 on Monday. The company has a 50-day moving average of $143.29 and a two-hundred day moving average of $141.99. The stock has a market capitalization of $59.19 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44. 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 52-week low of $88.23 and a 52-week high of $156.34.

Capital One Financial (NYSE:COFGet Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the company earned $3.52 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Capital One Financial Co. will post 12.87 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price target on shares of Capital One Financial in a research report on Thursday, July 25th. Evercore ISI reduced their price target on shares of Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. Citigroup began coverage on shares of Capital One Financial in a research note on Friday, September 20th. They set a “buy” rating and a $190.00 price objective on the stock. Finally, Barclays increased their price objective on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and a consensus price target of $151.56.

View Our Latest Stock Analysis on Capital One Financial

Capital One Financial Profile

(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.

See Also

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

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