ProShare Advisors LLC Buys 5,760 Shares of Capital One Financial Corporation $COF

ProShare Advisors LLC boosted its stake in Capital One Financial Corporation (NYSE:COF) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 133,775 shares of the financial services provider’s stock after buying an additional 5,760 shares during the period. ProShare Advisors LLC’s holdings in Capital One Financial were worth $32,422,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. HighTower Advisors LLC increased its holdings in shares of Capital One Financial by 18.1% in the 4th quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock worth $85,739,000 after buying an additional 54,263 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Capital One Financial by 92.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 63,447 shares of the financial services provider’s stock worth $15,377,000 after acquiring an additional 30,486 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Capital One Financial during the 4th quarter worth $27,000. Entrust Financial LLC purchased a new position in Capital One Financial in the fourth quarter worth $56,000. Finally, Spectrum Strategic Capital Management LLC purchased a new position in Capital One Financial in the fourth quarter worth $1,089,000. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Argus lowered their price target on Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Evercore cut their price objective on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a report on Monday, April 6th. JPMorgan Chase & Co. increased their price objective on Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company decreased their price objective on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, The Goldman Sachs Group dropped their target price on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Seventeen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $258.75.

Insiders Place Their Bets

In other Capital One Financial news, insider Jason P. Hanson sold 3,729 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the sale, the insider owned 40,230 shares in the company, valued at approximately $8,247,150. The trade was a 8.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lia Dean sold 1,692 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total value of $314,052.12. Following the sale, the insider directly owned 65,454 shares of the company’s stock, valued at approximately $12,148,916.94. This trade represents a 2.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 49,904 shares of company stock worth $9,528,159. 0.78% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Performance

NYSE COF opened at $187.15 on Thursday. The company has a 50-day simple moving average of $188.20 and a two-hundred day simple moving average of $210.87. Capital One Financial Corporation has a 12-month low of $174.98 and a 12-month high of $259.64. The firm has a market cap of $116.46 billion, a price-to-earnings ratio of 65.67, a PEG ratio of 0.67 and a beta of 1.05. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. During the same quarter in the prior year, the firm posted $4.06 EPS. The firm’s quarterly revenue was up 52.3% on a year-over-year basis. On average, equities analysts forecast that Capital One Financial Corporation will post 19.17 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Capital One Financial’s payout ratio is 112.28%.

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.