KG&L Capital Management LLC Boosts Position in Capital One Financial Corporation (NYSE:COF)

KG&L Capital Management LLC grew its holdings in Capital One Financial Corporation (NYSE:COF) by 11.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,059 shares of the financial services provider’s stock after acquiring an additional 310 shares during the period. KG&L Capital Management LLC’s holdings in Capital One Financial were worth $549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Capital One Financial in the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Capital One Financial in the fourth quarter worth about $32,000. Beacon Capital Management LLC raised its holdings in Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 97 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in Capital One Financial during the fourth quarter worth approximately $41,000. Finally, Bernard Wealth Management Corp. acquired a new stake in Capital One Financial in the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $208.16 on Thursday. The firm has a 50 day moving average of $190.27 and a two-hundred day moving average of $186.04. The stock has a market capitalization of $79.76 billion, a PE ratio of 17.48, a P/E/G ratio of 0.96 and a beta of 1.13. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. Capital One Financial Corporation has a 52 week low of $128.23 and a 52 week high of $210.67.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. On average, research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.15%. Capital One Financial’s payout ratio is 20.15%.

Insider Buying and Selling at Capital One Financial

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Bank of America increased their target price on Capital One Financial from $223.00 to $233.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st. Robert W. Baird raised Capital One Financial from a “neutral” rating to an “outperform” rating and increased their target price for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Royal Bank Of Canada set a $190.00 price target on Capital One Financial and gave the stock a “sector perform” rating in a research note on Monday, April 14th. BTIG Research upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 price target on the stock in a research report on Tuesday, March 25th. Finally, Wells Fargo & Company lifted their price objective on Capital One Financial from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $213.00.

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.