Transcendent Capital Group LLC Acquires New Shares in Capital One Financial Co. (NYSE:COF)

Transcendent Capital Group LLC acquired a new stake in Capital One Financial Co. (NYSE:COF) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 5,445 shares of the financial services provider’s stock, valued at approximately $714,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in COF. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of Capital One Financial by 1,658.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 199 shares in the last quarter. Bartlett & Co. LLC increased its holdings in shares of Capital One Financial by 726.7% in the fourth quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 218 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Capital One Financial by 726.7% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 218 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Capital One Financial by 109.4% in the fourth quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 139 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in shares of Capital One Financial by 41.9% during the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the financial services provider’s stock worth $36,000 after buying an additional 80 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on COF shares. Citigroup increased their price objective on Capital One Financial from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $159.00 price objective on shares of Capital One Financial in a report on Wednesday, March 27th. Wolfe Research upgraded Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective for the company in a report on Thursday, April 4th. JPMorgan Chase & Co. increased their price objective on Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Finally, Evercore ISI increased their price target on Capital One Financial from $142.00 to $155.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $141.25.

Insiders Place Their Bets

In other news, insider Celia Karam sold 16,913 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Celia Karam sold 16,913 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timothy P. Golden sold 8,656 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total value of $1,246,810.24. Following the completion of the sale, the insider now directly owns 10,246 shares of the company’s stock, valued at $1,475,833.84. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF traded down $1.39 during mid-day trading on Friday, hitting $133.70. 2,612,963 shares of the stock traded hands, compared to its average volume of 2,033,473. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. Capital One Financial Co. has a twelve month low of $88.23 and a twelve month high of $149.94. The company has a market cap of $50.83 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.05 and a beta of 1.45. The firm has a 50 day simple moving average of $140.52 and a two-hundred day simple moving average of $135.59.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.04). Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.35 billion. During the same period last year, the business earned $2.31 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Capital One Financial Co. will post 13.05 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s payout ratio is presently 18.79%.

About Capital One Financial

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.