Procyon Advisors LLC Acquires 1,729 Shares of Capital One Financial Co. (NYSE:COF)

Procyon Advisors LLC increased its holdings in Capital One Financial Co. (NYSE:COF) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,112 shares of the financial services provider’s stock after purchasing an additional 1,729 shares during the period. Procyon Advisors LLC’s holdings in Capital One Financial were worth $3,765,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of COF. Hennessy Advisors Inc. lifted its holdings in shares of Capital One Financial by 45.5% during the fourth quarter. Hennessy Advisors Inc. now owns 8,000 shares of the financial services provider’s stock worth $1,427,000 after buying an additional 2,500 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in Capital One Financial in the 4th quarter valued at $32,000. USA Financial Formulas acquired a new stake in Capital One Financial in the 4th quarter worth $242,000. Meridian Financial Partners LLC increased its holdings in shares of Capital One Financial by 1.6% during the 4th quarter. Meridian Financial Partners LLC now owns 5,547 shares of the financial services provider’s stock worth $989,000 after purchasing an additional 88 shares during the period. Finally, Park Avenue Securities LLC raised its position in shares of Capital One Financial by 20.0% during the fourth 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 during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COF. Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $203.00 to $200.00 in a research report on Monday, December 9th. The Goldman Sachs Group lifted their price objective on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $168.00 to $235.00 in a research note on Monday. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada increased their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $188.06.

Capital One Financial Trading Down 1.1 %

Shares of COF opened at $188.52 on Friday. The stock’s fifty day simple moving average is $183.63 and its 200-day simple moving average is $159.76. The firm has a market capitalization of $71.87 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.12 and a beta of 1.46. Capital One Financial Co. has a 12-month low of $123.23 and a 12-month high of $198.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating 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 company had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $4.45 EPS. As a group, research analysts predict that Capital One Financial Co. will post 13.41 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.27%. Capital One Financial’s payout ratio is currently 22.66%.

Insider Transactions at Capital One Financial

In other news, insider Kara West sold 721 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now owns 26,482 shares of the company’s stock, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,256 shares of company stock worth $2,462,487 in the last three months. 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.