Versant Capital Management Inc Buys 231 Shares of Capital One Financial Co. (NYSE:COF)

Versant Capital Management Inc raised its stake in Capital One Financial Co. (NYSE:COF) by 391.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 290 shares of the financial services provider’s stock after buying an additional 231 shares during the period. Versant Capital Management Inc’s holdings in Capital One Financial were worth $40,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. LRI Investments LLC bought a new position in Capital One Financial in the first quarter worth approximately $25,000. Silicon Valley Capital Partners purchased a new stake in Capital One Financial in the 1st quarter valued at about $25,000. Rise Advisors LLC purchased a new stake in Capital One Financial in the 1st quarter valued at about $33,000. Bartlett & CO. Wealth Management LLC increased its stake in Capital One Financial by 726.7% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after buying an additional 218 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its stake in Capital One Financial by 41.9% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the financial services provider’s stock valued at $36,000 after buying an additional 80 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on COF shares. Bank of America increased their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. BTIG Research began coverage on shares of Capital One Financial in a research note on Friday, June 7th. They set a “neutral” rating for the company. JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Finally, Evercore ISI decreased their price target 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. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Hold” and a consensus price target of $145.89.

Capital One Financial Price Performance

Shares of NYSE COF traded up $1.91 during mid-day trading on Wednesday, reaching $135.60. 265,689 shares of the company were exchanged, compared to its average volume of 2,547,954. 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 stock has a market capitalization of $51.56 billion, a PE ratio of 10.47, a PEG ratio of 1.13 and a beta of 1.45. The company’s 50 day moving average price is $139.91 and its 200 day moving average price is $139.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The company had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.52 earnings per share. Sell-side analysts forecast that Capital One Financial Co. will post 13.17 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Insider Buying and Selling at Capital One Financial

In related news, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now owns 73,734 shares in the company, valued at $11,060,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

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.