Tobam Takes Position in Capital One Financial Corporation $COF

Tobam purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,551 shares of the financial services provider’s stock, valued at approximately $618,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COF. Evolution Wealth Management Inc. lifted its position in 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 buying an additional 90 shares during the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of Capital One Financial in the 4th quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC lifted its holdings in shares of Capital One Financial by 1,312.5% in 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 during the last quarter. Strive Asset Management LLC acquired a new position in shares of Capital One Financial in the 3rd quarter worth approximately $28,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Capital One Financial during the 4th quarter worth approximately $29,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research report on Friday, March 27th. Royal Bank Of Canada lowered their price target on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research report on Friday, April 10th. UBS Group dropped their price objective on Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. Jefferies Financial Group reiterated a “buy” rating and issued a $300.00 price objective on shares of Capital One Financial in a report on Monday, March 16th. Finally, TD Cowen decreased their target price on Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Seventeen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $258.75.

Insider Buying and Selling

In related news, insider Lia Dean sold 1,692 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total value of $314,052.12. Following the sale, the insider owned 65,454 shares of the company’s stock, valued at $12,148,916.94. This trade represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business’s 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 transaction, the insider owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This trade represents a 2.76% 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. Over the last ninety days, insiders have sold 8,040 shares of company stock worth $1,498,615. Company insiders own 0.78% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $201.94 on Friday. The company has a fifty day simple moving average of $190.70 and a two-hundred day simple moving average of $206.82. The company has a market cap of $125.66 billion, a price-to-earnings ratio of 70.86, a price-to-earnings-growth ratio of 0.73 and a beta of 1.03. 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 Corporation has a 52 week low of $174.24 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) 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 company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. During the same quarter last year, the business posted $4.06 earnings per share. The company’s revenue for the quarter was up 52.3% on a year-over-year basis. As a group, equities analysts anticipate that Capital One Financial Corporation will post 19.51 earnings per share 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. Stockholders of record on Tuesday, May 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial’s payout ratio 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.