Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys 4,350 Shares of Capital One Financial Corporation $COF

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Capital One Financial Corporation (NYSE:COF) by 80.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,735 shares of the financial services provider’s stock after buying an additional 4,350 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Capital One Financial were worth $1,776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Capital One Financial during the 4th quarter worth approximately $2,089,803,000. Viking Global Investors LP increased its position in shares of Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after buying an additional 1,717,148 shares during the period. Bessemer Group Inc. increased its position in shares of Capital One Financial by 7,143.2% during the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock worth $350,966,000 after buying an additional 1,428,133 shares during the period. AQR Capital Management LLC raised its stake in Capital One Financial by 64.9% during the fourth quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock worth $815,951,000 after buying an additional 1,324,845 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Capital One Financial by 61.8% during the second quarter. Alliancebernstein L.P. now owns 1,969,661 shares of the financial services provider’s stock worth $419,065,000 after buying an additional 752,461 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $209.02 on Thursday. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The stock’s 50 day moving average is $192.71 and its 200-day moving average is $202.21. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $130.07 billion, a price-to-earnings ratio of 73.34, a PEG ratio of 0.74 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same quarter last year, the firm posted $4.06 EPS. The business’s revenue for the quarter was up 52.3% compared to the same quarter last year. Sell-side analysts forecast that Capital One Financial Corporation will post 19.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 112.28%.

Wall Street Analyst Weigh In

A number of analysts have commented on COF shares. Royal Bank Of Canada cut their price target on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research report on Friday, April 10th. Rothschild & Co Redburn dropped their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. UBS Group upped their target price on Capital One Financial from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Bank of America decreased their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Wells Fargo & Company dropped their price target on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $259.91.

Insider Transactions at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the sale, the general counsel directly owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. This represents a 3.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the transaction, the insider directly owned 61,579 shares in the company, valued at $11,858,883.82. This represents a 2.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,749 shares of company stock valued at $1,708,577 in the last quarter. Company insiders own 0.78% of the company’s stock.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.