Claris Financial LLC Makes New Investment in Capital One Financial Corporation $COF

Claris Financial LLC bought a new stake in Capital One Financial Corporation (NYSE:COF) during the 4th quarter, Holdings Channel reports. The firm bought 2,894 shares of the financial services provider’s stock, valued at approximately $701,000.

Other institutional investors have also modified their holdings of the company. Birchwood Financial Partners Inc. acquired a new position in Capital One Financial in the 4th quarter valued at $80,000. Corient Private Wealth LLC lifted its stake in shares of Capital One Financial by 7.0% in the 4th quarter. Corient Private Wealth LLC now owns 526,349 shares of the financial services provider’s stock worth $121,009,000 after acquiring an additional 34,571 shares during the period. CrossGen Wealth LLC acquired a new stake in shares of Capital One Financial in the 4th quarter worth $30,000. Strive Financial Group LLC purchased a new stake in shares of Capital One Financial in the fourth quarter valued at about $33,000. Finally, Blue Sparrow LLC DE purchased a new stake in shares of Capital One Financial in the fourth quarter valued at about $28,625,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Trading Up 0.5%

Shares of COF opened at $201.94 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average is $190.50 and its two-hundred day moving average is $206.85. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The firm has a market capitalization of $125.66 billion, a P/E ratio of 70.86, a PEG ratio of 0.72 and a beta of 1.03.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results 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 company 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 was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.06 earnings per share. On average, research analysts predict that Capital One Financial Corporation will post 19.51 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Capital One Financial’s dividend payout ratio (DPR) is presently 112.28%.

Insider Activity at Capital One Financial

In other news, insider Lia Dean sold 1,692 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the completion of the transaction, the insider owned 65,454 shares in the company, valued at $12,148,916.94. This trade represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction 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 transaction, the general counsel directly owned 97,194 shares of the company’s stock, valued at $17,876,892.42. This trade represents a 3.48% 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 8,040 shares of company stock valued at $1,498,615 in the last ninety days. Corporate insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COF. The Goldman Sachs Group cut 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 report on Tuesday, April 7th. Wells Fargo & Company lowered their price objective on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Argus cut their target price on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, Evercore cut their target price on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. Seventeen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.75.

Capital One Financial 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.