28,871 Shares in Capital One Financial Corporation $COF Purchased by Hohimer Wealth Management LLC

Key Points

• Hohimer Wealth Management opened a Capital One position, buying 28,871 shares worth about $5.57 million in the third quarter. Institutional investors and hedge funds collectively own 89.84% of the stock.
• Capital One reported quarterly EPS of $6.69, topping the $5.53 analyst consensus, while revenue rose 6.4% year over year to $16.31 billion.
• Analysts give the stock a “Moderate Buy” consensus rating, with an average price target of $256.50; the company also declared a quarterly dividend of $0.80 per share.

Hohimer Wealth Management LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 28,871 shares of the financial services provider's stock, valued at approximately $5,574,000.

Other hedge funds have also modified their holdings of the company. Almanack Investment Partners LLC. boosted its position in shares of Capital One Financial by 11.1% during the 3rd quarter. Almanack Investment Partners LLC. now owns 1,827 shares of the financial services provider's stock worth $353,000 after purchasing an additional 183 shares in the last quarter. M Holdings Securities Inc. acquired a new position in shares of Capital One Financial during the 3rd quarter worth $674,000. Brighton Jones LLC increased its holdings in shares of Capital One Financial by 27.4% in the 3rd quarter. Brighton Jones LLC now owns 43,872 shares of the financial services provider's stock valued at $8,470,000 after purchasing an additional 9,434 shares in the last quarter. Candriam S.C.A. increased its holdings in shares of Capital One Financial by 149.7% in the 3rd quarter. Candriam S.C.A. now owns 156,048 shares of the financial services provider's stock valued at $30,238,000 after purchasing an additional 93,558 shares in the last quarter. Finally, StoneX Group Inc. increased its holdings in shares of Capital One Financial by 14.2% in the 3rd quarter. StoneX Group Inc. now owns 3,539 shares of the financial services provider's stock valued at $688,000 after purchasing an additional 441 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Trading Up 0.1%

NYSE:COF opened at $202.03 on Monday. 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 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $203.60 and a 200-day simple moving average of $200.92. The company has a market capitalization of $121.53 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, beating analysts' consensus estimates of $5.53 by $1.16. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The firm had revenue of $16.31 billion for the quarter, compared to analysts' expectations of $16.25 billion. During the same period in the prior year, the company earned $5.95 EPS. The firm's revenue was up 6.4% on a year-over-year basis. On average, equities research analysts expect that Capital One Financial Corporation will post 21.53 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 16th. Capital One Financial's dividend payout ratio is 18.89%.

Wall Street Analysts Forecast Growth

COF has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Capital One Financial from $280.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Capital One Financial in a research report on Thursday, August 20th. TD Cowen increased their target price on shares of Capital One Financial from $242.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 21st. UBS Group reduced their price target on shares of Capital One Financial from $280.00 to $274.00 and set a "buy" rating for the company in a research report on Monday, November 2nd. Finally, Wolfe Research boosted their price target on Capital One Financial from $255.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $256.50.

Insider Buying and Selling at Capital One Financial

In other news, CEO Richard Fairbank sold 90,743 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $204.86, for a total value of $18,589,610.98. Following the sale, the chief executive officer directly owned 3,968,520 shares in the company, valued at $812,991,007.20. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,927 shares of the firm's stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $195.86, for a total transaction of $377,422.22. Following the transaction, the insider directly owned 55,774 shares of the company's stock, valued at approximately $10,923,895.64. This trade represents a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 200,464 shares of company stock worth $40,942,597 over the last ninety days. 0.78% of the stock is currently owned by company insiders.

About Capital One Financial

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