Capital One Financial Co. (NYSE:COF) Shares Bought by Bayesian Capital Management LP

Bayesian Capital Management LP grew its stake in shares of Capital One Financial Co. (NYSE:COF) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,300 shares of the financial services provider’s stock after purchasing an additional 100 shares during the quarter. Bayesian Capital Management LP’s holdings in Capital One Financial were worth $2,576,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of COF. Ascent Group LLC increased its position in shares of Capital One Financial by 52.0% during the first quarter. Ascent Group LLC now owns 15,183 shares of the financial services provider’s stock worth $2,261,000 after acquiring an additional 5,197 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Capital One Financial by 31.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,214,929 shares of the financial services provider’s stock worth $180,892,000 after acquiring an additional 292,978 shares during the last quarter. Hyperion Capital Advisors LP purchased a new stake in shares of Capital One Financial during the first quarter worth about $223,000. Lazard Asset Management LLC increased its holdings in Capital One Financial by 34.9% in the first quarter. Lazard Asset Management LLC now owns 29,900 shares of the financial services provider’s stock valued at $4,450,000 after buying an additional 7,734 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in Capital One Financial in the first quarter valued at about $334,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Up 1.9 %

NYSE:COF traded up $2.83 during trading hours on Tuesday, hitting $151.89. 1,197,189 shares of the stock traded hands, compared to its average volume of 2,536,819. The firm has a 50 day moving average price of $139.51 and a 200 day moving average price of $139.03. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. Capital One Financial Co. has a fifty-two week low of $88.23 and a fifty-two week high of $153.35. The firm has a market cap of $57.75 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.17 and a beta of 1.46.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the company posted $3.52 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Capital One Financial Co. will post 13.17 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s dividend payout ratio is presently 18.79%.

Insider Buying and Selling

In related news, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the completion of the sale, the insider now directly owns 47,081 shares in the company, valued at $6,726,933.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the sale, the insider now owns 47,081 shares of the company’s stock, valued at $6,726,933.28. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

COF has been the subject of several recent research reports. JPMorgan Chase & Co. upped their target price on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 8th. Wells Fargo & Company upped their target price on Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. BTIG Research initiated coverage on Capital One Financial in a report on Friday, June 7th. They set a “neutral” rating for the company. Bank of America upped their target price on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Wolfe Research raised Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 target price for the company in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial currently has an average rating of “Hold” and an average target price of $145.89.

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.