Western Financial Corp CA Grows Stock Position in Capital One Financial Corporation (NYSE:COF)

Western Financial Corp CA boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 4.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,282 shares of the financial services provider’s stock after buying an additional 99 shares during the quarter. Western Financial Corp CA’s holdings in Capital One Financial were worth $409,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Capital One Financial in the 4th quarter worth about $27,000. SBI Securities Co. Ltd. bought a new position in shares of Capital One Financial during the fourth quarter valued at approximately $32,000. Beacon Capital Management LLC grew its stake in shares of Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after buying an additional 97 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Capital One Financial in the fourth quarter worth approximately $41,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Capital One Financial during the 1st quarter worth approximately $54,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $208.16 on Thursday. The firm has a 50 day moving average of $190.27 and a 200 day moving average of $186.04. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $79.76 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 0.96 and a beta of 1.13. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.31. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. On average, sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.60 per share. The ex-dividend date 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 currently 20.15%.

Analyst Ratings Changes

Several brokerages have commented on COF. Baird R W raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Robert W. Baird upgraded shares of Capital One Financial from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $190.00 to $200.00 in a report on Tuesday, March 11th. Bank of America lifted their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. Truist Financial upped their target price on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Finally, Citigroup reduced their target price on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $213.00.

Insiders Place Their Bets

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