Capital One Financial Corporation $COF Shares Bought by Cercano Management LLC

Cercano Management LLC raised its position in Capital One Financial Corporation (NYSE:COF) by 53.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 94,570 shares of the financial services provider’s stock after acquiring an additional 32,789 shares during the quarter. Capital One Financial makes up about 0.9% of Cercano Management LLC’s holdings, making the stock its 25th largest holding. Cercano Management LLC’s holdings in Capital One Financial were worth $22,920,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in COF. Meridian Wealth Management LLC lifted its holdings in Capital One Financial by 334.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock valued at $1,999,000 after purchasing an additional 7,241 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Capital One Financial by 17.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 129,013 shares of the financial services provider’s stock valued at $28,861,000 after purchasing an additional 19,059 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Capital One Financial by 16.6% in the 3rd quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock valued at $80,451,000 after purchasing an additional 53,961 shares in the last quarter. Atlantic Union Bankshares Corp lifted its holdings in Capital One Financial by 11.4% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 97,437 shares of the financial services provider’s stock valued at $20,713,000 after purchasing an additional 9,976 shares in the last quarter. Finally, HighPoint Advisor Group LLC increased its stake in shares of Capital One Financial by 11.7% during the 3rd quarter. HighPoint Advisor Group LLC now owns 26,324 shares of the financial services provider’s stock valued at $5,596,000 after acquiring an additional 2,754 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COF has been the subject of several recent research reports. Rothschild & Co Redburn lowered their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Jefferies Financial Group restated a “buy” rating and set a $300.00 price objective on shares of Capital One Financial in a research note on Monday, March 16th. Wells Fargo & Company lowered their price target 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. The Goldman Sachs Group lowered their price target on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Finally, BTIG Research reissued a “buy” rating and set a $224.00 price target on shares of Capital One Financial in a report on Wednesday, April 22nd. Seventeen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $258.75.

Capital One Financial Price Performance

NYSE:COF opened at $184.74 on Tuesday. 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 52-week low of $174.98 and a 52-week high of $259.64. The firm has a market cap of $114.96 billion, a P/E ratio of 64.82, a PEG ratio of 0.69 and a beta of 1.05. The business’s 50-day moving average price is $189.21 and its 200 day moving average price is $209.03.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The company had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. During the same quarter last year, the business earned $4.06 EPS. The company’s revenue for the quarter was up 52.3% compared to the same quarter last year. As a group, sell-side analysts predict that Capital One Financial Corporation will post 19.14 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a $0.80 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is 112.28%.

Insider Activity at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the sale, the general counsel directly 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 SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the sale, the insider owned 61,579 shares of the company’s stock, valued at $11,858,883.82. The trade was a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,040 shares of company stock worth $1,498,615 in the last quarter. 0.78% of the stock is owned by company insiders.

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.