Meridian Wealth Management LLC reduced its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 78.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,030 shares of the financial services provider’s stock after selling 7,374 shares during the period. Meridian Wealth Management LLC’s holdings in Capital One Financial were worth $492,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of COF. Tompkins Financial Corp boosted its position in shares of Capital One Financial by 4.3% during the 4th quarter. Tompkins Financial Corp now owns 977 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 40 shares in the last quarter. Focus Financial Network Inc. increased its stake in Capital One Financial by 2.8% in the 4th quarter. Focus Financial Network Inc. now owns 1,570 shares of the financial services provider’s stock valued at $380,000 after buying an additional 43 shares during the last quarter. Stephens Consulting LLC lifted its position in shares of Capital One Financial by 10.3% during the 4th quarter. Stephens Consulting LLC now owns 504 shares of the financial services provider’s stock worth $122,000 after buying an additional 47 shares in the last quarter. Dogwood Wealth Management LLC lifted its position in shares of Capital One Financial by 26.0% during the 4th quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock worth $55,000 after buying an additional 47 shares in the last quarter. Finally, Nicolet Advisory Services LLC lifted its position in shares of Capital One Financial by 0.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 7,047 shares of the financial services provider’s stock worth $1,506,000 after buying an additional 48 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.
Capital One Financial News Roundup
Here are the key news stories impacting Capital One Financial this week:
- Positive Sentiment: Capital One announced a new $175 million senior credit facility for Centra Funding, a sign the bank is still active in lending and supporting business growth. Centra Funding Closes New $175 Million Credit Facility With Capital One
- Positive Sentiment: Some recent coverage has taken a bullish view on COF, citing an attractive forward valuation versus its trailing earnings multiple and suggesting the stock may still have room to run. Is Capital One Financial Corporation (COF) A Good Stock To Buy Now?
- Neutral Sentiment: Capital One filed a trademark-infringement lawsuit against suspected impersonation scammers, which could help protect the brand but is unlikely to move earnings immediately. Capital One Sues Impersonation Scammers for Trademark Infringement
- Neutral Sentiment: The company’s general counsel sold 3,500 shares under a pre-arranged 10b5-1 plan. While insider sales can draw attention, the automatic trading plan makes it less likely to signal a change in outlook. Matthew W. Cooper sale disclosure
- Negative Sentiment: A Yahoo Finance piece questioned buying COF ahead of its ex-dividend date, reflecting some investor caution around the near-term dividend setup. Here’s Why We’re Wary Of Buying Capital One Financial’s (NYSE:COF) For Its Upcoming Dividend
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Capital One Financial
Capital One Financial Stock Up 2.2%
Capital One Financial stock opened at $185.62 on Friday. Capital One Financial Corporation has a 1-year low of $174.98 and a 1-year high of $259.64. The firm has a market capitalization of $115.51 billion, a price-to-earnings ratio of 65.13, a P/E/G ratio of 0.66 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The firm has a 50 day simple moving average of $188.58 and a 200 day simple moving average of $211.84.
Capital One Financial (NYSE:COF – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business 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 earnings per share. The firm’s quarterly revenue was up 52.3% on a year-over-year basis. On average, analysts predict that Capital One Financial Corporation will post 19.17 earnings per share for the current year.
Capital One Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors 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 is Tuesday, May 19th. Capital One Financial’s payout ratio is currently 112.28%.
Insiders Place Their Bets
In other news, insider Lia Dean sold 1,692 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the transaction, the insider directly owned 65,454 shares in the company, valued at $12,148,916.94. The trade was a 2.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Neal Blinde sold 38,135 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the transaction, the insider owned 33,551 shares of the company’s stock, valued at $6,391,801.01. This trade represents a 53.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 49,904 shares of company stock worth $9,528,159 in the last three months. Insiders own 0.78% of the company’s stock.
About Capital One Financial
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.
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