CAPROCK Group Inc. Increases Holdings in Capital One Financial Co. (NYSE:COF)

CAPROCK Group Inc. lifted its position in Capital One Financial Co. (NYSE:COFGet Rating) by 80.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,786 shares of the financial services provider’s stock after purchasing an additional 3,031 shares during the quarter. CAPROCK Group Inc.’s holdings in Capital One Financial were worth $891,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Fieldpoint Private Securities LLC raised its stake in shares of Capital One Financial by 43.2% in the fourth quarter. Fieldpoint Private Securities LLC now owns 265 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 80 shares during the last quarter. Montecito Bank & Trust raised its stake in shares of Capital One Financial by 1.3% in the fourth quarter. Montecito Bank & Trust now owns 6,863 shares of the financial services provider’s stock worth $996,000 after purchasing an additional 86 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Capital One Financial by 1.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,411 shares of the financial services provider’s stock worth $930,000 after purchasing an additional 95 shares during the last quarter. Intercontinental Wealth Advisors LLC raised its stake in shares of Capital One Financial by 0.7% in the fourth quarter. Intercontinental Wealth Advisors LLC now owns 15,060 shares of the financial services provider’s stock worth $2,185,000 after purchasing an additional 99 shares during the last quarter. Finally, Altium Wealth Management LLC raised its position in Capital One Financial by 1.5% during the fourth quarter. Altium Wealth Management LLC now owns 6,640 shares of the financial services provider’s stock valued at $963,000 after acquiring an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 89.31% of the company’s stock.

In related news, insider Sheldon Hall sold 14,504 shares of Capital One Financial stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $125.00, for a total value of $1,813,000.00. Following the transaction, the insider now owns 68,337 shares in the company, valued at $8,542,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.27% of the stock is currently owned by company insiders.

COF has been the subject of several recent research reports. Morgan Stanley reduced their price target on Capital One Financial from $217.00 to $157.00 and set an “overweight” rating for the company in a research report on Monday, March 28th. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Friday, June 17th. Piper Sandler cut Capital One Financial from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $164.00 to $143.00 in a research report on Wednesday, April 27th. BMO Capital Markets reduced their price target on Capital One Financial from $200.00 to $188.00 and set a “buy” rating for the company in a research report on Wednesday, April 27th. Finally, Wells Fargo & Company reduced their price target on Capital One Financial from $180.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, April 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $169.23.

NYSE COF opened at $105.63 on Thursday. Capital One Financial Co. has a 1-year low of $98.54 and a 1-year high of $177.95. The company has a market capitalization of $41.52 billion, a P/E ratio of 4.15, a PEG ratio of 0.31 and a beta of 1.44. The business has a 50 day moving average price of $122.48 and a 200 day moving average price of $136.92. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.95.

Capital One Financial (NYSE:COFGet Rating) last announced its earnings results on Tuesday, April 26th. The financial services provider reported $5.62 EPS for the quarter, beating analysts’ consensus estimates of $5.39 by $0.23. Capital One Financial had a return on equity of 18.66% and a net margin of 34.71%. The firm had revenue of $8.17 billion for the quarter, compared to analysts’ expectations of $8.02 billion. During the same quarter in the prior year, the firm earned $7.03 EPS. Capital One Financial’s quarterly revenue was up 14.9% on a year-over-year basis. On average, research analysts expect that Capital One Financial Co. will post 20.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 27th. Investors of record on Monday, May 16th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Friday, May 13th. Capital One Financial’s payout ratio is currently 9.44%.

About Capital One Financial (Get Rating)

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

See Also

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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