2,359 Shares in Capital One Financial Corporation $COF Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,359 shares of the financial services provider’s stock, valued at approximately $473,000.

Several other large investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. boosted its position in shares of Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares during the period. VSM Wealth Advisory LLC purchased a new position in shares of Capital One Financial during the fourth quarter valued at $27,000. Cherry Tree Wealth Management LLC raised its position 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 buying an additional 105 shares during the period. Osterweis Capital Management Inc. acquired a new position in Capital One Financial during the fourth quarter valued at $29,000. Finally, CrossGen Wealth LLC purchased a new stake 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on COF shares. Barclays decreased their price objective on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Rothschild & Co Redburn dropped their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. HSBC raised shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. Piper Sandler started coverage on shares of Capital One Financial in a report on Monday, June 29th. They set an “overweight” rating and a $254.00 price target for the company. Finally, Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Twenty-one analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $259.36.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $227.19 on Friday. The firm has a market cap of $139.38 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.82 and a beta of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $204.93 and a 200 day simple moving average of $198.21.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the previous year, the company posted $5.48 earnings per share. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. As a group, sell-side analysts predict that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Insider Transactions at Capital One Financial

In other news, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the sale, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. The trade was a 26.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 that occurred on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the sale, the general counsel directly owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. The trade was a 3.74% 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 have sold 22,186 shares of company stock valued at $4,697,301 in the last quarter. 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.