Park National Corp OH Grows Stock Holdings in Capital One Financial Corporation $COF

Park National Corp OH lifted its position in shares of Capital One Financial Corporation (NYSE:COF) by 6.5% during the first quarter, Holdings Channel reports. The institutional investor owned 90,843 shares of the financial services provider’s stock after purchasing an additional 5,580 shares during the period. Park National Corp OH’s holdings in Capital One Financial were worth $16,572,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in Capital One Financial by 16.6% during the third quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock valued at $80,451,000 after acquiring an additional 53,961 shares in the last quarter. APG Asset Management N.V. increased its holdings in Capital One Financial by 12.9% in the 3rd quarter. APG Asset Management N.V. now owns 416,935 shares of the financial services provider’s stock valued at $88,632,000 after acquiring an additional 47,627 shares during the last quarter. Swiss Life Asset Management Ltd increased its holdings in Capital One Financial by 16.4% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 104,192 shares of the financial services provider’s stock valued at $22,149,000 after acquiring an additional 14,700 shares during the last quarter. Waverton Investment Management Ltd lifted its stake in Capital One Financial by 1,390.9% in the 3rd quarter. Waverton Investment Management Ltd now owns 1,181,834 shares of the financial services provider’s stock worth $251,323,000 after purchasing an additional 1,102,563 shares in the last quarter. Finally, Picton Mahoney Asset Management lifted its stake in Capital One Financial by 41.1% in the 3rd quarter. Picton Mahoney Asset Management now owns 165,686 shares of the financial services provider’s stock worth $35,220,000 after purchasing an additional 48,243 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the sale, the general counsel directly owned 97,194 shares of the company’s stock, valued at $17,876,892.42. The trade was a 3.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the sale, the insider directly owned 61,579 shares in the company, valued at $11,858,883.82. The trade was a 2.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 8,040 shares of company stock worth $1,498,615. Corporate insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on COF shares. Barclays increased their price objective on shares of Capital One Financial from $226.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Truist Financial reduced their target price on Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Rothschild & Co Redburn decreased their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. JPMorgan Chase & Co. increased their price target on Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group cut their price target on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Seventeen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $258.75.

Capital One Financial Price Performance

COF stock opened at $201.94 on Friday. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $190.70 and a two-hundred day simple moving average of $206.82. The firm has a market capitalization of $125.66 billion, a P/E ratio of 70.86, a price-to-earnings-growth ratio of 0.73 and a beta of 1.03.

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

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a $0.80 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is currently 112.28%.

Capital One Financial 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.