Fideuram Asset Management Ireland dac acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,354 shares of the financial services provider’s stock, valued at approximately $1,055,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Meridian Wealth Management LLC grew its holdings in shares of Capital One Financial by 334.8% during the third quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock worth $1,999,000 after purchasing an additional 7,241 shares in the last quarter. National Pension Service grew its holdings in shares of Capital One Financial by 4.0% during the third quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock worth $330,081,000 after purchasing an additional 59,100 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Capital One Financial by 17.3% during the third quarter. Jones Financial Companies Lllp now owns 129,013 shares of the financial services provider’s stock worth $28,861,000 after purchasing an additional 19,059 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Capital One Financial by 16.6% during the third quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock worth $80,451,000 after purchasing an additional 53,961 shares in the last quarter. Finally, Atlantic Union Bankshares Corp grew its holdings in shares of Capital One Financial by 11.4% during the third quarter. Atlantic Union Bankshares Corp now owns 97,437 shares of the financial services provider’s stock worth $20,713,000 after purchasing an additional 9,976 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. The Goldman Sachs Group cut their target price on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. TD Cowen reduced their price target on shares of Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. BTIG Research reiterated a “buy” rating and set a $224.00 price target on shares of Capital One Financial in a research report on Wednesday, April 22nd. Evercore reduced their price target on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Seventeen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $258.75.
Insider Activity
In other news, insider Celia Karam sold 1,749 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the sale, the insider owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total value of $643,755.00. Following the sale, the general counsel directly owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. This trade represents a 3.48% 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 90 days, insiders sold 8,040 shares of company stock valued at $1,498,615. 0.78% of the stock is currently owned by company insiders.
Capital One Financial Price Performance
Shares of NYSE:COF opened at $188.06 on Friday. The stock has a market cap of $117.03 billion, a PE ratio of 65.98, a PEG ratio of 0.69 and a beta of 1.05. The company’s fifty day moving average is $189.11 and its 200 day moving average is $209.36. Capital One Financial Corporation has a 52 week low of $174.98 and a 52 week high of $259.64. 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 – Get Free Report) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The business had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.Capital One Financial’s revenue for the quarter was up 52.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.06 EPS. Research analysts anticipate that Capital One Financial Corporation will post 19.14 earnings per share for the current year.
Capital One Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Capital One Financial’s dividend payout ratio is 112.28%.
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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