Knights of Columbus Asset Advisors LLC Makes New Investment in Capital One Financial Corporation $COF

Knights of Columbus Asset Advisors LLC bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the third quarter, HoldingsChannel.com reports. The firm bought 13,992 shares of the financial services provider’s stock, valued at approximately $2,974,000.

Other hedge funds also recently made changes to their positions in the company. Olistico Wealth LLC lifted its position in shares of Capital One Financial by 439.1% during the 2nd 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 during the period. Atlantic Edge Private Wealth Management LLC increased its position in shares of Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 50 shares during the period. RMG Wealth Management LLC acquired a new position in Capital One Financial in the second quarter valued at about $27,000. Solstein Capital LLC bought a new stake in Capital One Financial during the second quarter worth about $28,000. Finally, Roble Belko & Company Inc acquired a new stake in Capital One Financial during the second quarter worth about $28,000. 89.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wolfe Research dropped their target price on shares of 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. Wells Fargo & Company upped their target price on Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Jefferies Financial Group boosted their price target on Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, TD Cowen restated a “buy” rating on shares of Capital One Financial in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $274.70.

Insider Buying and Selling

In related news, insider Lia Dean sold 3,269 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $218.15, for a total value of $713,132.35. Following the completion of the transaction, the insider owned 69,855 shares in the company, valued at $15,238,868.25. This trade represents a 4.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank G. LapradeIii sold 17,840 shares of Capital One Financial stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the sale, the insider owned 48,315 shares in the company, valued at approximately $10,727,379.45. This represents a 26.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 195,409 shares of company stock valued at $43,756,821 over the last three months. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Down 0.2%

Shares of NYSE:COF opened at $218.97 on Friday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64. The company has a market capitalization of $139.21 billion, a PE ratio of 73.98, a price-to-earnings-growth ratio of 0.65 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The company has a fifty day moving average of $234.82 and a 200-day moving average of $223.30.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The firm had revenue of $15.62 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the prior year, the firm earned $2.67 EPS. The company’s revenue was up 53.3% on a year-over-year basis. On average, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. Capital One Financial’s dividend payout ratio (DPR) is presently 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.