Transcend Capital Advisors LLC Has $1.77 Million Stock Position in Capital One Financial Co. (NYSE:COF)

Transcend Capital Advisors LLC lifted its stake in Capital One Financial Co. (NYSE:COF) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,784 shares of the financial services provider’s stock after acquiring an additional 265 shares during the period. Transcend Capital Advisors LLC’s holdings in Capital One Financial were worth $1,770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of COF. Capital Research Global Investors boosted its stake in Capital One Financial by 72.8% during the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after buying an additional 8,900,241 shares in the last quarter. Norges Bank bought a new position in shares of Capital One Financial during the fourth quarter valued at $409,831,000. Clearbridge Investments LLC lifted its holdings in shares of Capital One Financial by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after acquiring an additional 549,665 shares during the period. National Bank of Canada FI lifted its holdings in shares of 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 valued at $73,150,000 after acquiring an additional 451,789 shares during the period. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Capital One Financial by 5,968.2% during 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. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the sale, the insider now owns 73,734 shares in the company, valued at approximately $11,060,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $2,416,529.44. Following the sale, the insider now owns 47,081 shares in the company, valued at approximately $6,726,933.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares in the company, valued at approximately $11,060,100. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Capital One Financial Stock Down 5.4 %

Shares of COF traded down $7.77 on Friday, hitting $136.12. The company’s stock had a trading volume of 3,542,499 shares, compared to its average volume of 2,715,373. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The firm’s fifty day moving average price is $140.09 and its 200-day moving average price is $139.46. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $153.35. The firm has a market capitalization of $51.75 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 1.13 and a beta of 1.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data 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 net margin of 9.01% and a return on equity of 9.31%. The business had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the firm posted $3.52 earnings per share. Capital One Financial’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts expect that Capital One Financial Co. will post 13.17 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BTIG Research assumed coverage on Capital One Financial in a report on Friday, June 7th. They set a “neutral” rating for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a report on Thursday, July 25th. Wells Fargo & Company lifted their price target on Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Bank of America lifted their price target on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $145.00 to $165.00 in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $145.89.

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.