McCollum Christoferson Group LLC Invests $739,000 in Capital One Financial Corporation $COF

McCollum Christoferson Group LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,050 shares of the financial services provider’s stock, valued at approximately $739,000.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Capital One Financial by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 56,537,167 shares of the financial services provider’s stock worth $12,018,671,000 after buying an additional 156,254 shares during the last quarter. State Street Corp raised its stake in Capital One Financial by 63.4% in the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after buying an additional 10,776,843 shares during the last quarter. Franklin Resources Inc. raised its stake in Capital One Financial by 12.8% in the third quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock valued at $2,516,587,000 after buying an additional 1,339,215 shares during the last quarter. Capital Research Global Investors boosted its holdings in Capital One Financial by 3.7% in the third quarter. Capital Research Global Investors now owns 8,426,060 shares of the financial services provider’s stock worth $1,791,264,000 after acquiring an additional 302,733 shares in the last quarter. Finally, Norges Bank acquired a new stake in Capital One Financial in the second quarter worth about $1,701,511,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on COF. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a report on Monday, December 29th. Wolfe Research lowered their target price on shares of Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. The Goldman Sachs Group reissued a “buy” rating and set a $300.00 target price on shares of Capital One Financial in a research report on Tuesday, January 6th. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Truist Financial decreased their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $275.95.

Capital One Financial Trading Up 1.4%

Capital One Financial stock opened at $183.93 on Tuesday. The firm has a market cap of $114.39 billion, a PE ratio of 62.14, a P/E/G ratio of 0.54 and a beta of 1.14. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64. The stock’s 50 day simple moving average is $207.39 and its two-hundred day simple moving average is $218.97. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The business had revenue of $15.62 billion for the quarter, compared to analyst estimates of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. Capital One Financial’s revenue was up 53.3% on a year-over-year basis. During the same quarter last year, the business earned $2.67 earnings per share. Analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Insider Activity

In related news, insider Celia Karam sold 2,108 shares of Capital One Financial stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $218.25, for a total value of $460,071.00. Following the sale, the insider owned 59,269 shares of the company’s stock, valued at approximately $12,935,459.25. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Neal Blinde sold 38,135 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the completion of the sale, the insider directly owned 33,551 shares of the company’s stock, valued at approximately $6,391,801.01. The trade was a 53.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 67,933 shares of company stock worth $14,363,897. 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.