Harmony Asset Management LLC Purchases New Stake in Capital One Financial Corporation $COF

Harmony Asset Management LLC acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,640 shares of the financial services provider’s stock, valued at approximately $664,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Swiss Life Asset Management Ltd grew its stake in Capital One Financial by 16.4% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 104,192 shares of the financial services provider’s stock worth $22,149,000 after buying an additional 14,700 shares during the last quarter. Wealth Enhancement Trust Services Inc. bought a new stake in Capital One Financial in the fourth quarter valued at $1,303,000. HighTower Advisors LLC lifted its stake in Capital One Financial by 18.1% in the fourth quarter. HighTower Advisors LLC now owns 353,767 shares of the financial services provider’s stock valued at $85,739,000 after buying an additional 54,263 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Capital One Financial by 239.5% during the fourth quarter. Nordea Investment Management AB now owns 265,062 shares of the financial services provider’s stock valued at $64,654,000 after acquiring an additional 186,988 shares during the period. Finally, Global X Japan Co. Ltd. boosted its holdings in shares of Capital One Financial by 958.9% during the fourth quarter. Global X Japan Co. Ltd. now owns 36,192 shares of the financial services provider’s stock valued at $8,771,000 after acquiring an additional 32,774 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Buying and Selling

In related news, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was 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 owned 90,194 shares of the company’s stock, valued at $18,760,352. This trade represents a 3.74% 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. Over the last ninety days, insiders sold 8,749 shares of company stock valued at $1,708,577. Company insiders own 0.78% of the company’s stock.

Capital One Financial Price Performance

Shares of COF opened at $209.02 on Thursday. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The stock’s fifty day moving average is $192.71 and its 200-day moving average is $202.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $130.07 billion, a price-to-earnings ratio of 73.34, a price-to-earnings-growth ratio of 0.74 and a beta of 1.02.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate of $5.08 by ($0.66). The company had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business’s revenue for the quarter was up 52.3% compared to the same quarter last year. During the same period in the previous year, the company earned $4.06 EPS. Equities analysts anticipate that Capital One Financial Corporation will post 19.54 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s payout ratio is 112.28%.

Analyst Ratings Changes

A number of analysts recently weighed in on COF shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a report on Wednesday, June 24th. Bank of America reduced their target price on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Argus decreased their target price on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. UBS Group raised their price target on shares of Capital One Financial from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Rothschild & Co Redburn cut their price target 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. Twenty research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.91.

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.