94,275 Shares in Capital One Financial Corporation $COF Bought by OP Asset Management Ltd

OP Asset Management Ltd bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 94,275 shares of the financial services provider’s stock, valued at approximately $17,199,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. lifted 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 during the last quarter. VSM Wealth Advisory LLC acquired a new position in Capital One Financial in the fourth quarter worth $27,000. Cherry Tree Wealth Management LLC increased its stake in Capital One Financial by 1,312.5% during the fourth 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 last quarter. Strive Asset Management LLC acquired a new stake in shares of Capital One Financial during the third quarter worth $28,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Capital One Financial during the fourth quarter worth $29,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Up 1.3%

COF stock opened at $200.37 on Thursday. 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 12-month low of $174.24 and a 12-month high of $259.64. The company has a 50 day moving average of $190.97 and a two-hundred day moving average of $206.15. The company has a market cap of $124.69 billion, a price-to-earnings ratio of 70.30, a PEG ratio of 0.71 and a beta of 1.03.

Capital One Financial (NYSE:COF) last released its quarterly earnings data 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). The firm had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. Capital One Financial’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same period in the previous year, the business posted $4.06 EPS. On average, 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 announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio (DPR) is 112.28%.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction that occurred 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 sale, the general counsel owned 97,194 shares in the company, valued at approximately $17,876,892.42. This trade represents a 3.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the transaction, the insider owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,040 shares of company stock valued at $1,498,615 in the last quarter. Insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

COF has been the subject of several research reports. Truist Financial decreased their price target on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group reduced their price target on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Morgan Stanley cut their price objective on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Finally, Wells Fargo & Company reduced their target price on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $258.75.

About Capital One Financial

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.