Carnegie Investment Counsel Makes New $1.65 Million Investment in Capital One Financial Corporation $COF

Carnegie Investment Counsel purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,739 shares of the financial services provider’s stock, valued at approximately $1,647,000.

A number of other institutional investors have also modified their holdings of COF. WPG Advisers LLC acquired a new position in shares of Capital One Financial in the first quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC increased its holdings in shares of Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares during the period. Olistico Wealth LLC increased its holdings in shares of Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 101 shares during the period. Saudi Central Bank acquired a new position in shares of Capital One Financial in the first quarter valued at approximately $27,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Capital One Financial in the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on COF. Rothschild & Co Redburn began coverage on Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 price target on the stock. Evercore ISI lifted their price target on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. TD Cowen lifted their price target on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Royal Bank Of Canada lifted their price target on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, Barclays lifted their price target on Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $260.79.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel directly owned 98,486 shares in the company, valued at $20,878,047.14. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the transaction, the chief accounting officer owned 8,780 shares of the company’s stock, valued at $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,184 shares of company stock worth $2,799,248 over the last three months. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Up 2.2%

COF opened at $224.93 on Friday. The business’s fifty day moving average is $219.38 and its two-hundred day moving average is $205.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.03. The company has a market cap of $143.85 billion, a price-to-earnings ratio of 94.91, a PEG ratio of 0.78 and a beta of 1.18. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $15.06 billion. During the same period in the previous year, the business earned $4.51 earnings per share. Capital One Financial’s quarterly revenue was up 53.4% compared to the same quarter last year. Analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio is currently 101.27%.

About Capital One Financial

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.