IPG Investment Advisors LLC Invests $1.55 Million in Capital One Financial Corporation $COF

Key Points

• IPG Investment Advisors LLC opened a new position in Capital One Financial, buying 6,383 shares worth about $1.55 million in the fourth quarter.
• Institutional ownership remains very high, with hedge funds and other institutions holding 89.84% of Capital One’s stock. Several investors recently increased their stakes, including Kingsview Wealth Management, which boosted its position dramatically.
• Wall Street remains broadly bullish despite some lower price targets: 17 analysts rate COF a Buy and the consensus view is “Moderate Buy” with an average target price of $258.75.

IPG Investment Advisors LLC purchased a new position in Capital One Financial Corporation (NYSE:COF) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,383 shares of the financial services provider's stock, valued at approximately $1,547,000.

Several other large investors have also recently modified their holdings of the stock. Kingsview Wealth Management LLC raised its position in shares of Capital One Financial by 1,872.5% in the 4th quarter. Kingsview Wealth Management LLC now owns 224,488 shares of the financial services provider's stock worth $54,407,000 after purchasing an additional 213,107 shares during the last quarter. Smith Chas P & Associates PA Cpas raised its position in shares of Capital One Financial by 38.3% in the 4th quarter. Smith Chas P & Associates PA Cpas now owns 38,366 shares of the financial services provider's stock worth $9,298,000 after purchasing an additional 10,626 shares during the last quarter. Severin Investments LLC raised its position in shares of Capital One Financial by 7.8% in the 4th quarter. Severin Investments LLC now owns 2,624 shares of the financial services provider's stock worth $636,000 after purchasing an additional 190 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc raised its position in shares of Capital One Financial by 11.4% in the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,101 shares of the financial services provider's stock worth $509,000 after purchasing an additional 215 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC raised its position in shares of Capital One Financial by 157.8% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 36,066 shares of the financial services provider's stock worth $8,741,000 after purchasing an additional 22,074 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of recent analyst reports. BTIG Research reissued a "buy" rating and issued a $224.00 target price on shares of Capital One Financial in a research report on Wednesday, April 22nd. TD Cowen decreased their target price on Capital One Financial from $290.00 to $260.00 and set a "buy" rating for the company in a research report on Tuesday, March 31st. The Goldman Sachs Group decreased their target price on Capital One Financial from $300.00 to $260.00 and set a "buy" rating for the company in a research report on Tuesday, April 7th. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $213.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 22nd. Finally, Evercore decreased their target price on Capital One Financial from $265.00 to $222.00 and set an "outperform" rating for the company in a research report on Monday, April 6th. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.75.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $189.03 on Thursday. The firm has a 50 day moving average of $188.87 and a 200 day moving average of $209.73. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $117.63 billion, a price-to-earnings ratio of 66.33, a price-to-earnings-growth ratio of 0.68 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.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.08 by ($0.66). The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business's quarterly revenue was up 52.3% compared to the same quarter last year. During the same quarter last year, the firm posted $4.06 earnings per share. On average, research analysts anticipate that Capital One Financial Corporation will post 19.14 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, May 19th. Capital One Financial's payout ratio is 112.28%.

Insider Activity at Capital One Financial

In related news, insider Lia Dean sold 1,692 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the sale, the insider directly owned 65,454 shares in the company, valued at approximately $12,148,916.94. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the sale, the insider owned 61,579 shares of the company's stock, valued at $11,858,883.82. This trade represents a 2.76% 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. Over the last ninety days, insiders sold 8,040 shares of company stock worth $1,498,615. 0.78% of the stock is owned by company 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.

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