Chesley Taft & Associates LLC Increases Stock Position in Capital One Financial Corporation $COF

Chesley Taft & Associates LLC increased its holdings in Capital One Financial Corporation (NYSE:COF) by 10.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 78,076 shares of the financial services provider’s stock after purchasing an additional 7,374 shares during the period. Chesley Taft & Associates LLC’s holdings in Capital One Financial were worth $18,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC lifted its position in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after acquiring an additional 10,428 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Capital One Financial by 44.3% in the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock valued at $1,608,000 after purchasing an additional 2,753 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Capital One Financial by 118.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 1,788 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Capital One Financial by 7.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 8,215 shares of the financial services provider’s stock valued at $1,748,000 after purchasing an additional 582 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Capital One Financial during the 2nd quarter worth about $620,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Capital One Financial stock opened at $175.96 on Friday. The stock has a market cap of $109.43 billion, a price-to-earnings ratio of 59.45, a PEG ratio of 0.53 and a beta of 1.14. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $203.10 and a 200 day simple moving average of $217.88. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings results 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 net margin of 3.54% and a return on equity of 10.68%. The business had revenue of $15.62 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same period in the previous year, the business earned $2.67 EPS. The business’s revenue was up 53.3% on a year-over-year basis. On average, research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.8%. Capital One Financial’s payout ratio is presently 108.11%.

Insider Buying and Selling at Capital One Financial

In other news, insider Celia Karam sold 2,108 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $218.25, for a total transaction of $460,071.00. Following the sale, the insider owned 59,269 shares in the company, valued at approximately $12,935,459.25. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jason P. Hanson sold 3,729 shares of Capital One Financial stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total transaction of $764,445.00. Following the sale, the insider directly owned 40,230 shares of the company’s stock, valued at $8,247,150. This represents a 8.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 67,933 shares of company stock valued at $14,363,897 over the last quarter. Company insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on COF shares. JPMorgan Chase & Co. raised their target price on Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. The Goldman Sachs Group reiterated a “buy” rating and set a $300.00 price target on shares of Capital One Financial in a research report on Tuesday, January 6th. Truist Financial cut their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $300.00 price objective on shares of Capital One Financial in a research note on Monday, March 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $275.95.

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.