Meridian Financial Partners LLC Purchases 1,323 Shares of Capital One Financial Co. (NYSE:COF)

Meridian Financial Partners LLC increased its position in Capital One Financial Co. (NYSE:COF) by 23.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,870 shares of the financial services provider’s stock after acquiring an additional 1,323 shares during the quarter. Meridian Financial Partners LLC’s holdings in Capital One Financial were worth $1,232,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Wedmont Private Capital increased its holdings in shares of Capital One Financial by 1.8% during the 1st quarter. Wedmont Private Capital now owns 5,870 shares of the financial services provider’s stock worth $1,052,000 after purchasing an additional 105 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Capital One Financial during the 1st quarter worth about $271,000. Procyon Advisors LLC increased its holdings in shares of Capital One Financial by 6.9% during the 1st quarter. Procyon Advisors LLC now owns 22,569 shares of the financial services provider’s stock worth $4,047,000 after purchasing an additional 1,457 shares during the period. Curat Global LLC bought a new position in shares of Capital One Financial during the 1st quarter worth about $409,000. Finally, Armstrong Fleming & Moore Inc bought a new position in shares of Capital One Financial during the 1st quarter worth about $3,146,000. Institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on COF shares. Citigroup decreased their target price on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Robert W. Baird upgraded shares of Capital One Financial from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $190.00 to $200.00 in a research report on Tuesday, March 11th. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Bank of America lifted their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st. Finally, Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average price target of $210.64.

Capital One Financial Price Performance

COF stock opened at $198.27 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The firm has a market cap of $75.96 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.19 and a beta of 1.13. The company’s 50-day moving average price is $180.76 and its two-hundred day moving average price is $185.05.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.75 by $0.31. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. On average, analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial’s payout ratio is 20.15%.

Insiders Place Their Bets

In related news, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the transaction, the director now directly owns 56,244 shares of the company’s stock, valued at $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 9,560 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the transaction, the insider now owns 20,089 shares in the company, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% 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.