CCM Investment Advisers LLC reduced its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 6.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,008 shares of the financial services provider's stock after selling 5,340 shares during the quarter. CCM Investment Advisers LLC's holdings in Capital One Financial were worth $13,090,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in COF. Norden Group LLC boosted its holdings in shares of Capital One Financial by 2.6% during the 4th quarter. Norden Group LLC now owns 2,010 shares of the financial services provider's stock valued at $358,000 after buying an additional 51 shares in the last quarter. Catalyst Financial Partners LLC boosted its holdings in shares of Capital One Financial by 3.9% during the 4th quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider's stock valued at $255,000 after buying an additional 54 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Capital One Financial by 1.0% during the 4th quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider's stock valued at $936,000 after buying an additional 54 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in shares of Capital One Financial by 3.3% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider's stock valued at $317,000 after buying an additional 56 shares in the last quarter. Finally, TFB Advisors LLC boosted its holdings in shares of Capital One Financial by 4.1% during the 4th quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider's stock valued at $265,000 after buying an additional 59 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.
Capital One Financial Stock Performance
Shares of NYSE:COF traded down $5.19 during trading on Friday, hitting $192.49. The company's stock had a trading volume of 3,410,815 shares, compared to its average volume of 3,539,729. The company has a 50-day moving average of $184.50 and a 200-day moving average of $185.36. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $73.75 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 1.19 and a beta of 1.13.
Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.07 billion. On average, sell-side analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current year.
Capital One Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, May 23rd. Capital One Financial's dividend payout ratio is 20.15%.
Insider Buying and Selling
In related news, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the sale, the director now directly owns 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Zamsky sold 9,560 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the sale, the insider now directly owns 20,089 shares of the company's stock, valued at $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on COF. Wells Fargo & Company boosted their target price on shares of Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Robert W. Baird upgraded shares of Capital One Financial from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Truist Financial boosted their target price on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday, April 25th. Citigroup dropped their target price on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Finally, Bank of America upped their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $210.64.
Check Out Our Latest Stock Report on COF
About Capital One Financial
(
Free Report)
Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
Further Reading
Before you consider Capital One Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Capital One Financial wasn't on the list.
While Capital One Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
