Prana Capital Management LP Acquires New Holdings in Capital One Financial Co. (NYSE:COF)

Prana Capital Management LP acquired a new stake in Capital One Financial Co. (NYSE:COF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 123,374 shares of the financial services provider’s stock, valued at approximately $22,000,000. Capital One Financial comprises approximately 1.0% of Prana Capital Management LP’s portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of COF. ProShare Advisors LLC lifted its stake in shares of Capital One Financial by 7.0% during the fourth quarter. ProShare Advisors LLC now owns 86,346 shares of the financial services provider’s stock valued at $15,397,000 after buying an additional 5,686 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Capital One Financial by 45.7% during the fourth quarter. Quantinno Capital Management LP now owns 62,142 shares of the financial services provider’s stock valued at $11,081,000 after buying an additional 19,502 shares during the period. Mufg Securities Americas Inc. purchased a new position in shares of Capital One Financial during the fourth quarter valued at approximately $1,004,000. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Capital One Financial by 0.5% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 47,375 shares of the financial services provider’s stock valued at $8,538,000 after buying an additional 248 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in shares of Capital One Financial during the fourth quarter valued at approximately $2,242,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Evercore ISI upgraded shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective on the stock in a report on Wednesday, March 12th. BTIG Research upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 price objective on the stock in a report on Tuesday, March 25th. JPMorgan Chase & Co. cut their price objective on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Finally, Royal Bank of Canada set a $190.00 price objective on shares of Capital One Financial and gave the stock a “sector perform” rating in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $207.73.

Capital One Financial Price Performance

Shares of COF stock opened at $196.59 on Thursday. The firm has a fifty day moving average of $174.37 and a two-hundred day moving average of $183.21. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The firm has a market cap of $75.32 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.19 and a beta of 1.13.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. As a group, research analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be paid a $0.60 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.22%. Capital One Financial’s dividend payout ratio is currently 20.15%.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the transaction, the insider now directly owns 20,089 shares of the company’s stock, valued at $4,005,746.60. This trade represents a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director now directly owns 56,244 shares in the company, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.