Prana Capital Management LP Increases Stock Position in Capital One Financial Corporation $COF

Prana Capital Management LP increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 965.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,565 shares of the financial services provider’s stock after purchasing an additional 24,978 shares during the period. Prana Capital Management LP’s holdings in Capital One Financial were worth $5,860,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of 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 valued at $2,423,000 after buying an additional 10,428 shares during the period. Intech Investment Management LLC boosted its stake in shares of Capital One Financial by 44.3% in the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after buying an additional 2,753 shares during the last quarter. Sivia Capital Partners LLC grew its holdings 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 worth $702,000 after acquiring an additional 1,788 shares during the period. Foundations Investment Advisors LLC grew its holdings in shares of Capital One Financial by 112.4% in the second quarter. Foundations Investment Advisors LLC now owns 4,517 shares of the financial services provider’s stock worth $961,000 after acquiring an additional 2,390 shares during the period. Finally, Meridian Wealth Management LLC purchased a new stake in Capital One Financial during the second quarter valued at $460,000. Institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on COF shares. Morgan Stanley raised their target price on Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Zacks Research downgraded shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Finally, Barclays reduced their target price on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $275.95.

Capital One Financial Stock Up 1.4%

NYSE COF opened at $183.36 on Wednesday. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $259.64. 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 company has a market capitalization of $114.04 billion, a P/E ratio of 61.95, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The stock’s 50-day moving average price is $212.72 and its 200-day moving average price is $220.19.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $15.62 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter last year, the firm posted $2.67 earnings per share. The company’s revenue was up 53.3% compared to the same quarter last year. On average, equities research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio is 108.11%.

Insider Activity

In related news, insider Lia Dean sold 3,284 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total value of $734,565.12. Following the completion of the transaction, the insider owned 70,162 shares of the company’s stock, valued at approximately $15,693,836.16. This represents a 4.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jason P. Hanson sold 3,729 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the sale, the insider owned 40,230 shares of the company’s stock, valued at $8,247,150. The trade was a 8.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 67,933 shares of company stock worth $14,363,897. 1.26% of the stock is currently owned by insiders.

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.