Panagora Asset Management Inc. lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 589,167 shares of the financial services provider’s stock after selling 16,362 shares during the quarter. Panagora Asset Management Inc.’s holdings in Capital One Financial were worth $142,791,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Evolution Wealth Management Inc. grew its holdings in shares of Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 90 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in Capital One Financial during the 4th quarter worth approximately $27,000. Cherry Tree Wealth Management LLC lifted its holdings in Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after buying an additional 105 shares in the last quarter. Strive Asset Management LLC purchased a new position in Capital One Financial in the 3rd quarter valued at approximately $28,000. Finally, Olistico Wealth LLC acquired a new position in shares of Capital One Financial in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.
Capital One Financial Stock Performance
NYSE:COF opened at $184.44 on Monday. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $114.78 billion, a PE ratio of 64.72, a price-to-earnings-growth ratio of 0.66 and a beta of 1.03. The business’s fifty day moving average price is $189.13 and its 200 day moving average price is $207.34.
Capital One Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a dividend of $0.80 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.7%. Capital One Financial’s payout ratio is presently 112.28%.
Insider Activity at Capital One Financial
In other news, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were 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 in the company, valued at approximately $11,858,883.82. The trade was a 2.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 shares of the company’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 owned 65,454 shares of the company’s stock, valued at approximately $12,148,916.94. The trade was a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,040 shares of company stock valued at $1,498,615 over the last three months. 0.78% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $300.00 price objective on shares of Capital One Financial in a research report on Monday, March 16th. Wells Fargo & Company lowered their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. UBS Group cut their price target on Capital One Financial from $283.00 to $270.00 in a report on Wednesday, May 6th. Evercore reduced their price target on 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, BTIG Research reiterated a “buy” rating and issued a $224.00 price objective on shares of Capital One Financial in a research note on Wednesday, April 22nd. Seventeen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $258.75.
Check Out Our Latest Analysis on Capital One Financial
Capital One Financial Company 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.
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