Intech Investment Management LLC Buys 3,754 Shares of Capital One Financial Corporation $COF

Intech Investment Management LLC grew its stake in Capital One Financial Corporation (NYSE:COF) by 20.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,004 shares of the financial services provider’s stock after purchasing an additional 3,754 shares during the quarter. Intech Investment Management LLC’s holdings in Capital One Financial were worth $5,333,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Meridian Wealth Management LLC lifted its holdings in Capital One Financial by 334.8% during the third quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock worth $1,999,000 after acquiring an additional 7,241 shares during the period. Jones Financial Companies Lllp lifted its holdings in Capital One Financial by 17.3% during the third quarter. Jones Financial Companies Lllp now owns 129,013 shares of the financial services provider’s stock worth $28,861,000 after acquiring an additional 19,059 shares during the period. Victory Capital Management Inc. lifted its holdings in Capital One Financial by 16.6% during the third quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock worth $80,451,000 after acquiring an additional 53,961 shares during the period. Atlantic Union Bankshares Corp lifted its holdings in Capital One Financial by 11.4% during the third quarter. Atlantic Union Bankshares Corp now owns 97,437 shares of the financial services provider’s stock worth $20,713,000 after acquiring an additional 9,976 shares during the period. Finally, HighPoint Advisor Group LLC lifted its holdings in Capital One Financial by 11.7% during the third quarter. HighPoint Advisor Group LLC now owns 26,324 shares of the financial services provider’s stock worth $5,596,000 after acquiring an additional 2,754 shares during the period. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on COF shares. The Goldman Sachs Group dropped 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. Deutsche Bank Aktiengesellschaft dropped their price target on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. TD Cowen dropped their price target on Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Morgan Stanley dropped their price target on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Finally, Argus dropped their price target on Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Seventeen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.75.

Insiders Place Their Bets

In other Capital One Financial news, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the sale, the insider directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This trade represents a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the completion of the sale, the insider directly owned 65,454 shares of the company’s stock, valued at $12,148,916.94. This represents a 2.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,040 shares of company stock valued at $1,498,615 over the last ninety days. 0.78% of the stock is currently owned by insiders.

Capital One Financial Stock Performance

NYSE:COF opened at $188.06 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day simple moving average of $189.11 and a two-hundred day simple moving average of $209.28. Capital One Financial Corporation has a 1 year low of $174.98 and a 1 year high of $259.64. The company has a market capitalization of $117.03 billion, a P/E ratio of 65.98, a P/E/G ratio of 0.69 and a beta of 1.03.

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

Capital One Financial Dividend Announcement

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

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.