North Star Asset Management Inc. Purchases Shares of 4,398 Capital One Financial Corporation $COF

North Star Asset Management Inc. purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,398 shares of the financial services provider’s stock, valued at approximately $882,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC raised its position in shares of Capital One Financial by 18.1% during the fourth quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock worth $85,739,000 after acquiring an additional 54,263 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in Capital One Financial by 11.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 115,843 shares of the financial services provider’s stock worth $28,076,000 after purchasing an additional 11,651 shares during the last quarter. Sculptor Capital LP acquired a new position in Capital One Financial during the 1st quarter valued at about $33,932,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Capital One Financial by 2.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 223,977 shares of the financial services provider’s stock valued at $54,283,000 after purchasing an additional 6,225 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Capital One Financial by 114.7% during the 4th quarter. US Bancorp DE now owns 214,153 shares of the financial services provider’s stock worth $51,903,000 after buying an additional 114,416 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

COF stock opened at $215.81 on Friday. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm has a market cap of $132.40 billion, a PE ratio of 13.35, a P/E/G ratio of 0.80 and a beta of 1.02. The business’s 50-day moving average price is $210.32 and its two-hundred day moving average price is $198.00.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same quarter last year, the firm posted $5.48 earnings per share. Capital One Financial’s revenue was up 26.9% compared to the same quarter last year. As a group, research analysts forecast that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s payout ratio is presently 19.80%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wolfe Research increased their price objective on shares of Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday. UBS Group raised their price target on Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $226.00 to $229.00 in a report on Sunday, July 12th. Barclays decreased their target price on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Finally, Bank of America cut their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $258.91.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 5,473 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the transaction, the insider owned 27,992 shares in the company, valued at $6,102,815.84. This represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ravi Raghu sold 9,726 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the sale, the insider directly owned 26,328 shares of the company’s stock, valued at $5,523,087.84. This represents a 26.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 26,267 shares of company stock valued at $5,617,648. 0.78% of the stock is currently owned by insiders.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.