Hennessy Advisors Inc. Grows Stake in Capital One Financial Co. (NYSE:COF)

Hennessy Advisors Inc. lifted its stake in shares of Capital One Financial Co. (NYSE:COF) by 45.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,000 shares of the financial services provider’s stock after purchasing an additional 2,500 shares during the period. Hennessy Advisors Inc.’s holdings in Capital One Financial were worth $1,427,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in Capital One Financial in the 4th quarter valued at about $32,000. USA Financial Formulas purchased a new position in shares of Capital One Financial in the fourth quarter worth about $242,000. Meridian Financial Partners LLC raised its position in shares of Capital One Financial by 1.6% in the fourth quarter. Meridian Financial Partners LLC now owns 5,547 shares of the financial services provider’s stock valued at $989,000 after purchasing an additional 88 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Capital One Financial by 20.0% during the 4th quarter. Park Avenue Securities LLC now owns 24,679 shares of the financial services provider’s stock valued at $4,401,000 after buying an additional 4,119 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in Capital One Financial by 5.4% in the 4th quarter. Kathmere Capital Management LLC now owns 3,525 shares of the financial services provider’s stock worth $629,000 after buying an additional 182 shares during the period. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $191.16 on Friday. The stock has a market cap of $72.88 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.12 and a beta of 1.46. The stock’s 50-day moving average is $183.82 and its 200 day moving average is $160.31. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial Co. has a 1-year low of $123.23 and a 1-year high of $198.30.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same period in the previous year, the business posted $4.45 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts anticipate that Capital One Financial Co. will post 13.41 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.26%. Capital One Financial’s dividend payout ratio (DPR) is currently 22.66%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on COF shares. Barclays raised shares of Capital One Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $158.00 to $219.00 in a report on Monday, January 6th. Robert W. Baird increased their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Finally, Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $188.06.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Kara West sold 721 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at $2,388,374.17. This represents a 5.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the transaction, the insider now owns 19,776 shares in the company, valued at $3,211,029.12. The trade was a 9.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,256 shares of company stock worth $2,462,487. Company 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.