Evergreen Capital Management LLC Increases Stake in Capital One Financial Corporation $COF

Evergreen Capital Management LLC grew its stake in Capital One Financial Corporation (NYSE:COF) by 3.2% during the 1st quarter, HoldingsChannel reports. The firm owned 4,544 shares of the financial services provider’s stock after buying an additional 141 shares during the quarter. Evergreen Capital Management LLC’s holdings in Capital One Financial were worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of Capital One Financial in the 1st quarter valued at $25,000. Beacon Capital Management LLC raised its position in shares of Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 97 shares during the period. Motco boosted its stake in shares of Capital One Financial by 115.1% during the 1st quarter. Motco now owns 256 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 137 shares in the last quarter. Bogart Wealth LLC boosted its stake in shares of Capital One Financial by 1,518.8% during the 1st quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 243 shares in the last quarter. Finally, Rossby Financial LCC acquired a new stake in shares of Capital One Financial during the 1st quarter valued at about $48,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.1%

Shares of COF opened at $227.43 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a one year low of $131.55 and a one year high of $232.45. The stock has a market capitalization of $145.44 billion, a price-to-earnings ratio of 116.63, a PEG ratio of 0.89 and a beta of 1.17. The stock has a 50 day moving average price of $215.76 and a 200 day moving average price of $194.93.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. During the same quarter in the previous year, the firm posted $3.14 earnings per share. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, August 15th. Capital One Financial’s dividend payout ratio is presently 123.08%.

Analyst Ratings Changes

A number of brokerages have issued reports on COF. Royal Bank Of Canada increased their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their price objective on Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Citigroup boosted their price objective on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective for the company. Finally, Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $238.81.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This represents a 16.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares of the company’s stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,298 shares of company stock worth $4,233,044 in the last three months. 1.26% of the stock is owned by corporate insiders.

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.