Claris Financial LLC Makes New Investment in Capital One Financial Corporation $COF

Claris Financial LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,894 shares of the financial services provider’s stock, valued at approximately $701,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Tompkins Financial Corp raised its holdings in Capital One Financial by 4.3% in the fourth quarter. Tompkins Financial Corp now owns 977 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 40 shares in the last quarter. Focus Financial Network Inc. grew its holdings in Capital One Financial by 2.8% during the 4th quarter. Focus Financial Network Inc. now owns 1,570 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 43 shares in the last quarter. First Command Advisory Services Inc. increased its position in shares of Capital One Financial by 4.5% in the 4th quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 46 shares during the last quarter. Stephens Consulting LLC increased its position in shares of Capital One Financial by 10.3% in the 4th quarter. Stephens Consulting LLC now owns 504 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 47 shares during the last quarter. Finally, Dogwood Wealth Management LLC increased its position in shares of Capital One Financial by 26.0% in the 4th quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the sale, the general counsel directly owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. This represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total transaction of $314,052.12. Following the sale, the insider owned 65,454 shares of the company’s stock, valued at approximately $12,148,916.94. This represents a 2.52% decrease in their position. 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 90 days, insiders have sold 8,040 shares of company stock valued at $1,498,615. 0.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

COF has been the subject of several recent analyst reports. Evercore decreased their price objective on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft dropped their target price 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. The Goldman Sachs Group cut their price target on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Truist Financial decreased their price target on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a research report on Friday, March 27th. Seventeen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $258.75.

Capital One Financial Stock Up 0.5%

Shares of NYSE:COF opened at $201.94 on Friday. The firm has a 50 day simple moving average of $190.50 and a 200-day simple moving average of $206.85. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $125.66 billion, a PE ratio of 70.86, a P/E/G ratio of 0.72 and a beta of 1.03.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. During the same period last year, the business earned $4.06 earnings per share. The company’s quarterly revenue was up 52.3% on a year-over-year basis. On average, equities analysts predict that Capital One Financial Corporation will post 19.51 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is presently 112.28%.

Capital One Financial 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.