Caprock Group LLC Invests $7.80 Million in Capital One Financial Corporation $COF

Caprock Group LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 34,229 shares of the financial services provider’s stock, valued at approximately $7,798,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of COF. Atlantic Edge Private Wealth Management LLC grew its position in shares of Capital One Financial by 66.7% during the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. Solstein Capital LLC purchased a new stake in shares of Capital One Financial in the second quarter worth $28,000. Roble Belko & Company Inc bought a new stake in Capital One Financial during the second quarter valued at $28,000. FNY Investment Advisers LLC purchased a new position in Capital One Financial during the second quarter worth about $28,000. Finally, Howard Hughes Medical Institute purchased a new position in Capital One Financial during the second quarter worth about $29,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE COF opened at $220.10 on Wednesday. The company has a 50-day simple moving average of $235.51 and a two-hundred day simple moving average of $223.71. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64. The firm has a market cap of $139.92 billion, a price-to-earnings ratio of 74.36, a PEG ratio of 0.66 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.

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

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, February 19th. Capital One Financial’s dividend payout ratio is 108.11%.

Wall Street Analyst Weigh In

Several research firms have weighed in on COF. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. HSBC lowered their target price on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Zacks Research cut shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $274.70.

Insider Activity

In other Capital One Financial news, insider Ravi Raghu sold 13,450 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the completion of the sale, the insider owned 30,337 shares of the company’s stock, valued at $7,584,250. This represents a 30.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Frank G. LapradeIii sold 17,840 shares of the firm’s stock in a transaction 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 completion of the sale, the insider directly owned 48,315 shares in the company, valued at approximately $10,727,379.45. This trade represents a 26.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 52,114 shares of company stock valued at $12,092,070. Corporate insiders own 1.26% of the company’s stock.

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.