Capital One Financial Corporation $COF Position Increased by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 12.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,029 shares of the financial services provider’s stock after buying an additional 11,029 shares during the quarter. NEOS Investment Management LLC’s holdings in Capital One Financial were worth $20,469,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in COF. Evolution Wealth Management Inc. grew 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 acquiring an additional 90 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in Capital One Financial in the 4th quarter valued at about $27,000. Cherry Tree Wealth Management LLC boosted 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 valued at $27,000 after purchasing an additional 105 shares during the period. Osterweis Capital Management Inc. acquired a new position in Capital One Financial during the 4th quarter valued at about $29,000. Finally, CrossGen Wealth LLC bought a new position in Capital One Financial in the 4th quarter worth about $30,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Price Performance

NYSE:COF opened at $219.43 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $211.80 and its 200 day moving average price is $198.07. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The firm has a market cap of $134.62 billion, a P/E ratio of 13.58, a PEG ratio of 0.81 and a beta of 1.02.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same period in the prior year, the company earned $5.48 EPS. Capital One Financial’s revenue was up 26.9% on a year-over-year basis. As a group, sell-side analysts predict that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio is currently 19.80%.

Insider Activity

In other Capital One Financial news, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the transaction, the insider owned 26,328 shares in the company, valued at approximately $5,523,087.84. The trade was a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 Cooper sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total value of $749,350.00. Following the completion of the transaction, the general counsel directly owned 83,194 shares in the company, valued at $17,811,835.40. This represents a 4.04% 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. Insiders sold a total of 29,767 shares of company stock valued at $6,366,998 in the last ninety days. 0.78% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on COF. TD Cowen cut their price target on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Wolfe Research raised their target price on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. BTIG Research boosted their price target on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $226.00 to $229.00 in a report on Sunday, July 12th. Finally, UBS Group increased their target price on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $258.91.

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.