Global Assets Advisory LLC Boosts Holdings in Capital One Financial Corporation $COF

Global Assets Advisory LLC increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 239.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,999 shares of the financial services provider’s stock after buying an additional 2,821 shares during the period. Global Assets Advisory LLC’s holdings in Capital One Financial were worth $969,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in COF. VSM Wealth Advisory LLC purchased a new position in shares of Capital One Financial in the fourth quarter worth about $27,000. Strive Asset Management LLC purchased a new position in shares of Capital One Financial in the third quarter worth about $28,000. Olistico Wealth LLC purchased a new position in shares of Capital One Financial in the fourth quarter worth about $30,000. Rakuten Securities Inc. increased its stake in shares of Capital One Financial by 550.0% in the fourth quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 110 shares in the last quarter. Finally, WFA of San Diego LLC purchased a new position in shares of Capital One Financial in the second quarter worth about $32,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Jason P. Hanson sold 3,729 shares of Capital One Financial stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total transaction of $764,445.00. Following the completion of the sale, the insider directly owned 40,230 shares in the company, valued at $8,247,150. The trade was a 8.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total transaction of $643,755.00. Following the sale, the general counsel owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. The trade was a 3.48% 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. In the last ninety days, insiders have sold 11,769 shares of company stock valued at $2,263,060. Company insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on COF. BTIG Research reiterated a “buy” rating and issued a $224.00 target price on shares of Capital One Financial in a research note on Wednesday, April 22nd. Royal Bank Of Canada reduced their target price on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research note on Friday, April 10th. Morgan Stanley reduced their target price on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. The Goldman Sachs Group reduced their target price on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Finally, Argus reduced their target price on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Seventeen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $258.75.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $187.80 on Tuesday. The company has a 50 day moving average of $188.57 and a 200 day moving average of $210.17. The stock has a market cap of $116.87 billion, a P/E ratio of 65.90, a P/E/G ratio of 0.69 and a beta of 1.05. Capital One Financial Corporation has a 12 month low of $174.98 and a 12 month high of $259.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

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 the consensus estimate of $5.08 by ($0.66). The firm had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. Capital One Financial’s revenue was up 52.3% on a year-over-year basis. During the same period in the prior year, the firm posted $4.06 EPS. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 19.17 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.7%. Capital One Financial’s payout ratio 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.