Permanent Capital Management LP Buys Shares of 12,960 Capital One Financial Corporation $COF

Permanent Capital Management LP bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,960 shares of the financial services provider’s stock, valued at approximately $2,755,000. Capital One Financial comprises 0.5% of Permanent Capital Management LP’s investment portfolio, making the stock its 22nd largest position.

Other hedge funds have also recently made changes to their positions in the company. WPG Advisers LLC bought a new position in Capital One Financial during the 1st quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC grew its stake 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 worth $26,000 after acquiring an additional 62 shares during the last quarter. Olistico Wealth LLC increased its holdings in shares of Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Saudi Central Bank bought a new position in shares of Capital One Financial during the first quarter valued at $27,000. Finally, RMG Wealth Management LLC purchased a new position in shares of Capital One Financial in the 2nd quarter worth about $27,000. 89.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on COF shares. Morgan Stanley reissued an “overweight” rating and set a $280.00 price objective on shares of Capital One Financial in a research report on Tuesday, December 16th. Robert W. Baird upped their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Cowen reiterated a “buy” rating on shares of Capital One Financial in a report on Wednesday, November 26th. TD Cowen raised their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, BTIG Research upped their price objective on Capital One Financial from $264.00 to $308.00 and gave the company a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $267.45.

Insider Transactions at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $221.54, for a total transaction of $443,080.00. Following the completion of the sale, the general counsel owned 94,486 shares of the company’s stock, valued at approximately $20,932,428.44. The trade was a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lia Dean sold 3,269 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $713,132.35. Following the completion of the sale, the insider owned 69,855 shares of the company’s stock, valued at approximately $15,238,868.25. The trade was a 4.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 280,218 shares of company stock worth $62,395,804 over the last three months. 1.26% of the stock is currently owned by insiders.

Capital One Financial Stock Performance

Shares of COF opened at $249.58 on Monday. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $249.73. The firm has a market capitalization of $158.67 billion, a P/E ratio of 105.31, a PEG ratio of 0.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day moving average of $224.67 and a 200 day moving average of $218.75.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The company had revenue of $15.46 billion for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. As a group, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is presently 135.02%.

About Capital One Financial

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.