Stonegate Investment Group LLC Increases Stock Position in Capital One Financial Co. (NYSE:COF)

Stonegate Investment Group LLC increased its stake in shares of Capital One Financial Co. (NYSE:COF) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,874 shares of the financial services provider’s stock after purchasing an additional 248 shares during the period. Stonegate Investment Group LLC’s holdings in Capital One Financial were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Decker Retirement Planning Inc. purchased a new stake in Capital One Financial during the 4th quarter valued at $32,000. Catalyst Capital Advisors LLC bought a new stake in shares of Capital One Financial in the third quarter worth $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 valued at $43,000 after acquiring an additional 166 shares during the last quarter. Eastern Bank bought a new position in Capital One Financial in the third quarter valued at about $44,000. Finally, Prospera Private Wealth LLC purchased a new position in Capital One Financial in the third quarter worth about $47,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COF has been the subject of several research reports. Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group increased their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Royal Bank of Canada boosted their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price on the stock in a report on Tuesday, January 14th. Finally, UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $168.00 to $235.00 in a report on Monday, January 13th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $192.12.

Insiders Place Their Bets

In related news, insider Kara West sold 721 shares of the stock in a transaction dated 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 transaction, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. This trade represents a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the business’s 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 sale, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,256 shares of company stock valued at $2,462,487 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Capital One Financial Price Performance

NYSE:COF opened at $203.30 on Wednesday. The business’s 50-day moving average is $185.47 and its 200 day moving average is $163.23. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $207.24. The company has a market capitalization of $77.50 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.29 and a beta of 1.46. The company has a current ratio of 0.98, a quick ratio of 1.00 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the prior year, the firm earned $2.81 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts forecast that Capital One Financial Co. will post 15.22 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.18%. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

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.