AdvisorNet Financial Inc Has $2.15 Million Stake in Capital One Financial Co. (NYSE:COF)

AdvisorNet Financial Inc lowered its position in shares of Capital One Financial Co. (NYSE:COF) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,410 shares of the financial services provider’s stock after selling 113 shares during the quarter. AdvisorNet Financial Inc’s holdings in Capital One Financial were worth $2,145,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in Capital One Financial during the fourth quarter worth approximately $409,831,000. Capital Research Global Investors grew its position in shares of Capital One Financial by 16.7% during the 4th 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 stake in shares of Capital One Financial by 443.1% in the 4th 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 in the last quarter. Panagora Asset Management Inc. lifted its position in shares of Capital One Financial by 5,968.2% during the 4th 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 bought a new position in Capital One Financial during the fourth quarter worth $46,268,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

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

Wall Street Analysts Forecast Growth

COF has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $165.00 in a report on Thursday, June 6th. UBS Group increased their target price on Capital One Financial from $132.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Evercore ISI increased their target price on Capital One Financial from $142.00 to $155.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. increased their target price on Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Capital One Financial presently has a consensus rating of “Hold” and a consensus price target of $141.25.

Capital One Financial Stock Performance

Shares of COF stock opened at $137.68 on Tuesday. The firm has a market cap of $52.35 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 1.08 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. Capital One Financial Co. has a 52 week low of $88.23 and a 52 week high of $149.94. The firm’s 50-day simple moving average is $140.08 and its two-hundred day simple moving average is $136.75.

Capital One Financial (NYSE:COF) last posted its 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 business 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 quarter in the previous year, the business earned $2.31 EPS. As a group, equities analysts forecast that Capital One Financial Co. will post 13.3 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.40 annualized dividend and a dividend yield of 1.74%. Capital One Financial’s payout ratio is 18.79%.

Capital One Financial 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.