Capital One Financial Co. (NYSE:COF) Shares Purchased by Manchester Capital Management LLC

Manchester Capital Management LLC grew its stake in shares of Capital One Financial Co. (NYSE:COF) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,676 shares of the financial services provider’s stock after purchasing an additional 106 shares during the quarter. Manchester Capital Management LLC’s holdings in Capital One Financial were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in Capital One Financial in the fourth quarter valued at $409,831,000. Capital Research Global Investors increased its position in Capital One Financial by 16.7% during the fourth quarter. Capital Research Global Investors now owns 12,227,848 shares of the financial services provider’s stock worth $1,603,316,000 after buying an additional 1,745,545 shares during the period. National Bank of Canada FI increased its position in Capital One Financial by 443.1% during the fourth 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 during the period. Panagora Asset Management Inc. boosted its holdings in shares of Capital One Financial by 5,968.2% in the fourth quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock valued at $54,861,000 after acquiring an additional 411,509 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Capital One Financial during the fourth quarter worth approximately $46,268,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.4 %

Capital One Financial stock traded down $0.54 during trading on Friday, reaching $138.45. 313,823 shares of the company’s stock were exchanged, compared to its average volume of 2,490,424. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $149.94. The firm has a market cap of $52.64 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.07 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.00 and a current ratio of 1.01. The company’s 50-day moving average is $138.46 and its two-hundred day moving average is $137.60.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.25 by ($0.04). The company had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.31 earnings per share. On average, analysts predict that Capital One Financial Co. will post 13.42 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were paid a $0.60 dividend. The ex-dividend date was Friday, May 10th. This represents a $2.40 dividend on an annualized basis and a yield of 1.73%. Capital One Financial’s dividend payout ratio (DPR) is 18.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Evercore ISI dropped their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $159.00 target price on shares of Capital One Financial in a report on Wednesday, March 27th. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday. Wolfe Research raised Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target for the company in a report on Thursday, April 4th. Finally, BTIG Research started coverage on Capital One Financial in a report on Friday, June 7th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $141.35.

Insider Activity at Capital One Financial

In other news, insider Timothy P. Golden sold 8,656 shares of Capital One Financial stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total value of $1,246,810.24. Following the completion of the transaction, the insider now owns 10,246 shares in the company, valued at approximately $1,475,833.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Timothy P. Golden sold 8,656 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the sale, the insider now owns 10,246 shares in the company, valued at $1,475,833.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Celia Karam sold 16,913 shares of Capital One Financial stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the completion of the transaction, the insider now owns 47,081 shares of the company’s stock, valued at $6,726,933.28. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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.