Capital One Financial Co. (NYSE:COF) Shares Purchased by Meridian Financial Partners LLC

Meridian Financial Partners LLC boosted its holdings in Capital One Financial Co. (NYSE:COF) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,547 shares of the financial services provider’s stock after buying an additional 88 shares during the period. Meridian Financial Partners LLC’s holdings in Capital One Financial were worth $989,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in COF. Catalyst Capital Advisors LLC purchased a new position in shares of Capital One Financial during the 3rd quarter worth about $36,000. Creative Financial Designs Inc. ADV increased its position in Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares during the last quarter. Eastern Bank acquired a new position in Capital One Financial during the third quarter worth approximately $44,000. Prospera Private Wealth LLC purchased a new position in Capital One Financial during the third quarter worth approximately $47,000. Finally, Concord Wealth Partners boosted its holdings in shares of Capital One Financial by 115.3% in the 3rd quarter. Concord Wealth Partners now owns 323 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 173 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Up 2.4 %

Shares of Capital One Financial stock opened at $184.62 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Co. has a 1-year low of $123.23 and a 1-year high of $198.30. The business has a 50-day moving average of $183.63 and a 200-day moving average of $159.54. The company has a market capitalization of $70.38 billion, a PE ratio of 17.43, a P/E/G ratio of 1.36 and a beta of 1.46.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.45 EPS. As a group, equities analysts forecast that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.30%. Capital One Financial’s dividend payout ratio (DPR) is 22.66%.

Insider Buying and Selling

In other news, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares in the company, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kara West sold 721 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at $2,388,374.17. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,007 shares of company stock worth $4,982,647. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup assumed coverage on Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. Keefe, Bruyette & Woods upped their price target on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Evercore ISI lifted their price objective on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Finally, Hsbc Global Res upgraded shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Capital One Financial presently has an average rating of “Hold” and an average price target of $188.06.

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.