Park Avenue Securities LLC Has $2.80 Million Position in Capital One Financial Co. (NYSE:COF)

Park Avenue Securities LLC lifted its holdings in Capital One Financial Co. (NYSE:COF) by 29.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,238 shares of the financial services provider’s stock after buying an additional 4,579 shares during the period. Park Avenue Securities LLC’s holdings in Capital One Financial were worth $2,802,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Capital Research Global Investors boosted its position in Capital One Financial by 72.8% during the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after acquiring an additional 8,900,241 shares during the period. Norges Bank acquired a new stake in shares of Capital One Financial during the fourth quarter worth approximately $409,831,000. Clearbridge Investments LLC grew its position in 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 purchasing an additional 549,665 shares in the last quarter. National Bank of Canada FI increased its stake in 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 buying an additional 451,789 shares during the period. Finally, Panagora Asset Management Inc. lifted its position in 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 buying an additional 411,509 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE COF traded up $1.41 during trading on Thursday, hitting $133.70. The company’s stock had a trading volume of 255,883 shares, compared to its average volume of 2,544,331. Capital One Financial Co. has a 52 week low of $88.23 and a 52 week high of $153.35. 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 has a market cap of $50.83 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45. The firm has a 50 day moving average price of $139.84 and a 200 day moving average price of $139.59.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). The company had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. Capital One Financial’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.52 earnings per share. Equities research analysts forecast that Capital One Financial Co. will post 13.17 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 12th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, August 12th. This represents a $2.40 annualized dividend and a yield of 1.80%. Capital One Financial’s dividend payout ratio is 18.79%.

Insider Buying and Selling at Capital One Financial

In other news, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the sale, the insider now owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of research reports. Evercore ISI decreased their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. 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 note on Wednesday, April 10th. Jefferies Financial Group upgraded 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. Bank of America increased their price objective on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, BTIG Research started coverage on shares of Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.