Hennessy Advisors Inc. Acquires 1,000 Shares of Capital One Financial Co. (NYSE:COF)

Hennessy Advisors Inc. boosted its holdings in Capital One Financial Co. (NYSE:COF) by 16.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,000 shares of the financial services provider’s stock after acquiring an additional 1,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in Capital One Financial were worth $1,042,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Capital One Financial in the 4th quarter worth about $409,831,000. Capital Research Global Investors boosted its holdings in shares of Capital One Financial by 16.7% in 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 purchasing an additional 1,745,545 shares in the last quarter. National Bank of Canada FI boosted its holdings 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 worth $73,150,000 after purchasing an additional 451,789 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Capital One Financial by 5,968.2% in the 4th quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock worth $54,861,000 after purchasing an additional 411,509 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Capital One Financial in the 4th quarter worth about $46,268,000. 89.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 16,913 shares of Capital One Financial stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the completion of the transaction, the insider now owns 47,081 shares in the company, valued at $6,726,933.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Timothy P. Golden sold 8,656 shares of the business’s stock in a transaction 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 $1,475,833.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Celia Karam sold 16,913 shares of the business’s 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 completion of the transaction, the insider now 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. 1.30% of the stock is owned by company insiders.

Capital One Financial Trading Up 3.3 %

COF opened at $138.43 on Friday. The stock has a market cap of $52.63 billion, a PE ratio of 10.84, a PEG ratio of 1.08 and a beta of 1.45. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.86. The business has a 50 day moving average of $139.80 and a 200-day moving average of $136.99. Capital One Financial Co. has a 52 week low of $88.23 and a 52 week high of $149.94.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). The company had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.31 EPS. Equities research analysts predict that Capital One Financial Co. will post 13.31 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on COF. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $159.00 price target on shares of Capital One Financial in a research report on Wednesday, March 27th. Wells Fargo & Company raised their price target on Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. BTIG Research initiated coverage on Capital One Financial in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Finally, Wolfe Research upgraded Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target on the stock in a research report on Thursday, April 4th. Two analysts have 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 MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $141.20.

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.