Tobam Acquires Shares of 2,551 Capital One Financial Corporation $COF

Tobam bought a new position in shares of Capital One Financial Corporation (NYSE:COF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,551 shares of the financial services provider’s stock, valued at approximately $618,000.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares in the last quarter. Intech Investment Management LLC lifted 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 acquiring an additional 2,753 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Capital One Financial by 118.3% in the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 1,788 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Capital One Financial in the second quarter worth approximately $218,000. Finally, Jump Financial LLC acquired a new stake in shares of Capital One Financial in the second quarter worth approximately $1,086,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity

In related news, insider Lia Dean sold 1,692 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total value of $314,052.12. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the sale, the insider owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. The trade was a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, 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

Several research firms recently commented on COF. TD Cowen reduced their price objective on Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Morgan Stanley lowered their target price on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. Wells Fargo & Company reduced their target price on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, The Goldman Sachs Group decreased their price target on shares of 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. Seventeen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and an average price target of $258.75.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $201.94 on Friday. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The company has a market cap of $125.66 billion, a price-to-earnings ratio of 70.86, a PEG ratio of 0.73 and a beta of 1.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50 day moving average price is $190.70 and its 200 day moving average price is $206.82.

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

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given 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 payout ratio is presently 112.28%.

About Capital One Financial

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.