Meridian Investment Counsel Inc. Has $4.60 Million Holdings in Capital One Financial Corporation $COF

Meridian Investment Counsel Inc. lifted its position in Capital One Financial Corporation (NYSE:COF) by 66.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,195 shares of the financial services provider’s stock after purchasing an additional 10,034 shares during the quarter. Capital One Financial accounts for 1.1% of Meridian Investment Counsel Inc.’s portfolio, making the stock its 17th largest position. Meridian Investment Counsel Inc.’s holdings in Capital One Financial were worth $4,596,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after buying an additional 10,428 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Capital One Financial by 44.3% during the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after acquiring an additional 2,753 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Capital One Financial by 118.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after acquiring an additional 1,788 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of Capital One Financial during the 2nd quarter valued at about $218,000. Finally, Jump Financial LLC acquired a new stake in shares of Capital One Financial during the 2nd quarter valued at about $1,086,000. 89.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Rothschild & Co Redburn dropped their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Barclays lifted their price objective on Capital One Financial from $226.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $300.00 price objective on shares of Capital One Financial in a research note on Monday, March 16th. The Goldman Sachs Group dropped their target price on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price of $260.19.

Capital One Financial Trading Down 0.1%

Shares of Capital One Financial stock opened at $204.94 on Monday. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The stock has a market capitalization of $127.53 billion, a P/E ratio of 71.91, a price-to-earnings-growth ratio of 0.74 and a beta of 1.02. The company has a 50-day simple moving average of $191.12 and a 200 day simple moving average of $204.59. 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) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate of $5.08 by ($0.66). The firm had revenue of $15.23 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 52.3% compared to the same quarter last year. During the same period in the prior year, the company posted $4.06 earnings per share. Research analysts expect that Capital One Financial Corporation will post 19.53 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s dividend payout ratio is 112.28%.

Insider Buying and Selling

In other Capital One Financial news, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the transaction, 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 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 business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the transaction, the general counsel directly owned 97,194 shares in the company, valued at approximately $17,876,892.42. This 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. 0.78% of the stock is owned by corporate insiders.

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.