Cypress Wealth Services LLC Makes New $721,000 Investment in Capital One Financial Corporation $COF

Cypress Wealth Services LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,974 shares of the financial services provider’s stock, valued at approximately $721,000.

A number of other large investors have also made changes to their positions in COF. State Street Corp grew its position in Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after buying an additional 10,776,843 shares during the period. Amundi increased its holdings in Capital One Financial by 321.6% in the second quarter. Amundi now owns 3,108,512 shares of the financial services provider’s stock valued at $680,174,000 after buying an additional 2,371,214 shares in the last quarter. Capital International Investors lifted its position in shares of Capital One Financial by 107.9% during the 3rd quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock valued at $859,602,000 after acquiring an additional 2,097,208 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Capital One Financial by 619.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,325,208 shares of the financial services provider’s stock worth $494,711,000 after acquiring an additional 2,002,093 shares in the last quarter. Finally, Viking Global Investors LP boosted its stake in shares of Capital One Financial by 30.3% during the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after acquiring an additional 1,717,148 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Capital One Financial in a research note on Monday, March 16th. Deutsche Bank Aktiengesellschaft decreased their target price on Capital One Financial from $263.00 to $256.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Wolfe Research dropped their price target on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. Finally, Citigroup lifted their price target on Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $275.95.

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total transaction of $500,000.00. Following the sale, the general counsel owned 92,486 shares of the company’s stock, valued at $23,121,500. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Neal Blinde sold 38,135 shares of Capital One Financial stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the sale, the insider owned 33,551 shares of the company’s stock, valued at approximately $6,391,801.01. This represents a 53.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 67,933 shares of company stock valued at $14,363,897. Insiders own 1.26% of the company’s stock.

Capital One Financial Trading Down 0.1%

Shares of COF opened at $175.96 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $259.64. The stock has a market cap of $109.43 billion, a price-to-earnings ratio of 59.45, a price-to-earnings-growth ratio of 0.53 and a beta of 1.14. The firm has a 50 day simple moving average of $203.10 and a 200-day simple moving average of $217.84.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The company had revenue of $15.62 billion during the quarter, compared to analysts’ expectations of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. Capital One Financial’s quarterly revenue was up 53.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.67 EPS. Equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s payout ratio is 108.11%.

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.