Capital One Financial Co. (NYSE:COF) Shares Acquired by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. raised its position in shares of Capital One Financial Co. (NYSE:COF) by 0.5% in the second quarter, Holdings Channel.com reports. The fund owned 90,033 shares of the financial services provider’s stock after acquiring an additional 408 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Capital One Financial were worth $12,465,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. LRI Investments LLC acquired a new position in shares of Capital One Financial during the first quarter valued at approximately $25,000. Silicon Valley Capital Partners acquired a new position in shares of Capital One Financial during the first quarter valued at approximately $25,000. Hobbs Group Advisors LLC acquired a new position in shares of Capital One Financial during the second quarter valued at approximately $29,000. Rise Advisors LLC acquired a new position in shares of Capital One Financial during the first quarter valued at approximately $33,000. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of Capital One Financial in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Bank of America upped their price target on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. BTIG Research assumed coverage on Capital One Financial in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $145.89.

Capital One Financial Trading Up 1.8 %

Shares of COF traded up $2.62 during midday trading on Friday, hitting $144.71. 124,303 shares of the stock were exchanged, compared to its average volume of 2,454,224. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $153.35. The stock has a fifty day simple moving average of $141.53 and a 200 day simple moving average of $140.39. The firm has a market cap of $55.02 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.16 and a beta of 1.45. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last released its quarterly 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). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the prior year, the business earned $3.52 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Capital One Financial Co. will post 13.1 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.66%. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insider Transactions at Capital One Financial

In other news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the sale, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares in the company, valued at $11,060,100. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Capital One Financial 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.