Chase Investment Counsel Corp Invests $6.47 Million in Capital One Financial Corporation $COF

Chase Investment Counsel Corp purchased a new stake in Capital One Financial Corporation (NYSE:COF) during the third quarter, HoldingsChannel reports. The firm purchased 30,421 shares of the financial services provider’s stock, valued at approximately $6,466,000. Capital One Financial comprises 1.9% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 15th largest position.

Several other hedge funds have also added to or reduced their stakes in the business. Solstein Capital LLC bought a new position in shares of Capital One Financial in the second quarter valued at about $28,000. Roble Belko & Company Inc bought a new stake in shares of Capital One Financial during the 2nd quarter worth about $28,000. Howard Hughes Medical Institute acquired a new position in Capital One Financial in the 2nd quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new position in Capital One Financial in the 2nd quarter valued at about $30,000. Finally, GoalVest Advisory LLC acquired a new stake in Capital One Financial during the second quarter worth approximately $32,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Down 8.5%

Shares of NYSE COF opened at $190.69 on Tuesday. The stock has a market capitalization of $118.60 billion, a P/E ratio of 64.42, a PEG ratio of 0.61 and a beta of 1.14. The stock’s fifty day moving average is $230.60 and its 200 day moving average is $223.34. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $259.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same quarter in the prior year, the firm posted $2.67 EPS. Capital One Financial’s quarterly revenue was up 53.3% compared to the same quarter last year. Sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on COF shares. Keefe, Bruyette & Woods upped their target price on Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Truist Financial decreased their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Wells Fargo & Company increased their price objective on Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Finally, Morgan Stanley raised their price target on shares of Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $274.70.

Insider Activity

In other news, insider Celia Karam sold 2,936 shares of Capital One Financial stock in a transaction on Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $640,488.40. Following the transaction, the insider owned 63,433 shares in the company, valued at approximately $13,837,908.95. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total value of $500,000.00. Following the transaction, the general counsel directly owned 92,486 shares of the company’s stock, valued at $23,121,500. This trade represents a 2.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 34,274 shares of company stock valued at $8,131,054. 1.26% of the stock is owned by insiders.

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.