Permanens Capital L.P. Makes New Investment in Capital One Financial Corporation $COF

Permanens Capital L.P. bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,708 shares of the financial services provider’s stock, valued at approximately $1,346,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Evolution Wealth Management Inc. increased 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 purchasing an additional 90 shares in the last quarter. Solstein Capital LLC acquired a new position in Capital One Financial in the 2nd quarter valued at $26,000. VSM Wealth Advisory LLC purchased a new position in Capital One Financial in the 4th quarter valued at $27,000. Cherry Tree Wealth Management LLC lifted its holdings in 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 valued at $27,000 after purchasing an additional 105 shares in the last quarter. Finally, Ballast Advisors LLC acquired a new stake in Capital One Financial during the 1st quarter worth $27,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.6%

Shares of NYSE:COF opened at $217.55 on Thursday. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The stock has a market cap of $133.46 billion, a P/E ratio of 13.46, a PEG ratio of 0.79 and a beta of 1.02. The business has a fifty day moving average of $209.74 and a two-hundred day moving average of $197.92. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.48 EPS. On average, research analysts expect that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

Analysts Set New Price Targets

COF has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Capital One Financial in a report on Thursday, August 20th. Rothschild & Co Redburn lowered their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. BTIG Research upped their price objective on shares of Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Piper Sandler initiated coverage on shares of Capital One Financial in a report on Monday, June 29th. They issued an “overweight” rating and a $254.00 price objective for the company. Finally, Barclays decreased their target price on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus target price of $258.91.

Insider Activity at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 3,487 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the transaction, the chief accounting officer directly owned 7,429 shares in the company, valued at $1,567,519. The trade was a 31.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Zamsky sold 5,473 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the sale, the insider directly owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,267 shares of company stock valued at $5,617,648 over the last ninety days. Corporate insiders own 0.78% of the company’s stock.

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.