Gladstone Institutional Advisory LLC Invests $246,000 in Capital One Financial Co. (NYSE:COF)

Gladstone Institutional Advisory LLC purchased a new position in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,873 shares of the financial services provider’s stock, valued at approximately $246,000.

Other hedge funds have also made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Capital One Financial by 2.0% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 56,027 shares of the financial services provider’s stock valued at $7,346,000 after buying an additional 1,081 shares during the last quarter. Norges Bank acquired a new position in Capital One Financial during the fourth quarter worth about $409,831,000. Manchester Capital Management LLC grew its holdings in Capital One Financial by 13.4% during the fourth quarter. Manchester Capital Management LLC now owns 2,570 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 304 shares during the period. AMG National Trust Bank grew its holdings in Capital One Financial by 72.4% during the fourth quarter. AMG National Trust Bank now owns 31,770 shares of the financial services provider’s stock worth $4,166,000 after acquiring an additional 13,340 shares during the period. Finally, Tortoise Investment Management LLC grew its holdings in 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 acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

COF traded up $0.13 on Friday, hitting $137.62. The company had a trading volume of 1,571,698 shares, compared to its average volume of 1,945,602. The company’s fifty day moving average price is $142.37 and its 200 day moving average price is $132.21. Capital One Financial Co. has a 1-year low of $88.23 and a 1-year high of $149.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market cap of $52.32 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 1.01 and a beta of 1.46.

Capital One Financial (NYSE:COF) last posted its earnings results 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 return on equity of 9.74% and a net margin of 10.19%. The company had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.35 billion. During the same quarter last year, the firm posted $2.31 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts predict that Capital One Financial Co. will post 13.45 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.74%. The ex-dividend date was Friday, May 10th. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insiders Place Their Bets

In other Capital One Financial news, insider Timothy P. Golden sold 8,656 shares of Capital One Financial stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total value of $1,246,810.24. Following the transaction, the insider now directly owns 10,246 shares of the company’s stock, valued at approximately $1,475,833.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Timothy P. Golden sold 8,656 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the sale, the insider now directly owns 10,246 shares in the company, valued at $1,475,833.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Celia Karam sold 16,913 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the sale, the insider now owns 47,081 shares in the company, valued at $6,726,933.28. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Citigroup lifted their target price on Capital One Financial from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $159.00 price target on shares of Capital One Financial in a research note on Wednesday, March 27th. Wells Fargo & Company lifted their price target on Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Finally, Evercore ISI lifted their price target on Capital One Financial from $142.00 to $155.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $138.50.

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.