Point Break Capital Management LLC bought a new stake in Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,061 shares of the financial services provider’s stock, valued at approximately $3,824,000. Capital One Financial comprises about 4.2% of Point Break Capital Management LLC’s investment portfolio, making the stock its 9th largest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COF. Evolution Wealth Management Inc. boosted its position in shares of Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares during the period. Solstein Capital LLC purchased a new stake in shares of Capital One Financial in the 2nd quarter valued at $26,000. VSM Wealth Advisory LLC acquired a new position in Capital One Financial during the 4th quarter worth about $27,000. Cherry Tree Wealth Management LLC lifted its stake 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 acquiring an additional 105 shares in the last quarter. Finally, Ballast Advisors LLC purchased a new position in Capital One Financial during the 1st quarter valued at about $27,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.
Capital One Financial Stock Performance
Shares of COF opened at $217.55 on Thursday. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The stock has a market capitalization of $133.46 billion, a PE ratio of 13.46, a PEG ratio of 0.79 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50-day simple moving average of $209.74 and a 200-day simple moving average of $197.92.
Capital One Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 19.80%.
Insider Buying and Selling
In other news, CAO Timothy P. Golden sold 3,487 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the sale, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Celia Karam sold 1,888 shares of Capital One Financial stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $425,781.76. Following the sale, the insider directly owned 59,708 shares of the company’s stock, valued at approximately $13,465,348.16. This trade represents a 3.07% decrease in their ownership of the stock. 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. In the last 90 days, insiders sold 26,267 shares of company stock worth $5,617,648. Corporate insiders own 0.78% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Weiss Ratings raised Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Capital One Financial in a research note on Thursday, August 20th. BTIG Research lifted their price objective on shares of Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. TD Cowen cut their target price on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Finally, Bank of America cut their target price on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Twenty-one research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.91.
Check Out Our Latest Research Report on COF
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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