Harmony Asset Management LLC acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,640 shares of the financial services provider’s stock, valued at approximately $664,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Capital One Financial in the first quarter valued at about $189,000. NFSG Corp lifted its position in Capital One Financial by 35.2% during the 1st quarter. NFSG Corp now owns 369 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 96 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Capital One Financial by 0.4% in the 1st quarter. Sanctuary Advisors LLC now owns 96,110 shares of the financial services provider’s stock worth $17,533,000 after acquiring an additional 420 shares during the period. Cornerstone Advisory LLC purchased a new position in Capital One Financial in the 1st quarter worth approximately $277,000. Finally, Checchi Capital Advisers LLC grew its position in Capital One Financial by 12.6% in the first quarter. Checchi Capital Advisers LLC now owns 5,589 shares of the financial services provider’s stock valued at $1,020,000 after acquiring an additional 626 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.
Insider Buying and Selling at Capital One Financial
In other news, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $192.58, for a total value 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. The trade was a 2.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the completion of the sale, the general counsel directly owned 90,194 shares of the company’s stock, valued at $18,760,352. The trade was a 3.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 8,749 shares of company stock valued at $1,708,577. 0.78% of the stock is owned by company insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on COF
Capital One Financial Stock Performance
Shares of COF opened at $209.02 on Thursday. The firm has a market cap of $130.07 billion, a price-to-earnings ratio of 73.34, a PEG ratio of 0.74 and a beta of 1.02. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $192.71 and its two-hundred day moving average is $202.21. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64.
Capital One Financial (NYSE:COF – Get Free Report) last released its quarterly earnings results 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). The company had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The firm’s quarterly revenue was up 52.3% compared to the same quarter last year. During the same period in the previous year, the business posted $4.06 EPS. Analysts forecast that Capital One Financial Corporation will post 19.54 EPS for the current fiscal year.
Capital One Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 19th. Capital One Financial’s dividend payout ratio (DPR) is currently 112.28%.
Capital One Financial 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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