Knights of Columbus Asset Advisors LLC Purchases 22,074 Shares of Capital One Financial Corporation $COF

Key Points

• Knights of Columbus Asset Advisors increased its stake in Capital One Financial by 157.8% in the fourth quarter, buying 22,074 additional shares and bringing its total holding to 36,066 shares worth about $8.74 million.
• Capital One shares were down 0.8% in Wednesday trading, with the stock opening at $186.37; the company’s market cap was about $115.98 billion.
• Capital One reported quarterly EPS of $4.42, missing analyst expectations, while also announcing a $0.80 quarterly dividend payable June 1. Analysts currently have a consensus rating of Moderate Buy with a price target of $258.75.

Knights of Columbus Asset Advisors LLC boosted its position in Capital One Financial Corporation (NYSE:COF) by 157.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,066 shares of the financial services provider's stock after acquiring an additional 22,074 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Capital One Financial were worth $8,741,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Capital One Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider's stock valued at $13,789,615,000 after buying an additional 360,071 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Capital One Financial by 12.8% during 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. Davis Selected Advisers grew its stake in shares of Capital One Financial by 2.8% during the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider's stock valued at $2,087,878,000 after buying an additional 234,649 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Capital One Financial by 3.7% during the third quarter. Capital Research Global Investors now owns 8,426,060 shares of the financial services provider's stock valued at $1,791,264,000 after buying an additional 302,733 shares during the last quarter. Finally, Viking Global Investors LP grew its stake in shares of Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider's stock valued at $1,570,649,000 after buying an additional 1,717,148 shares during the last quarter. Institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Down 0.8%

COF opened at $186.37 on Wednesday. The business has a 50 day simple moving average of $188.70 and a two-hundred day simple moving average of $209.92. The firm has a market capitalization of $115.98 billion, a price-to-earnings ratio of 65.39, a PEG ratio of 0.69 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a one year low of $174.98 and a one year high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts' consensus estimates 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 company's revenue for the quarter was up 52.3% on a year-over-year basis. During the same period in the previous year, the company earned $4.06 EPS. Analysts predict that Capital One Financial Corporation will post 19.17 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be issued a $0.80 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.7%. Capital One Financial's dividend payout ratio (DPR) is 112.28%.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm's stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the sale, the general counsel directly owned 97,194 shares in the company, valued at $17,876,892.42. This trade represents a 3.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the firm's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,040 shares of company stock worth $1,498,615 over the last three months. Company insiders own 0.78% of the company's stock.

Analyst Upgrades and Downgrades

COF has been the topic of a number of recent research reports. Argus reduced their price objective on Capital One Financial from $260.00 to $250.00 and set a "buy" rating on the stock in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Capital One Financial from $256.00 to $250.00 and set a "hold" rating on the stock in a research note on Wednesday, April 22nd. Barclays raised their price objective on Capital One Financial from $226.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $213.00 to $215.00 and gave the company an "overweight" rating in a research note on Wednesday, April 22nd. Finally, UBS Group reduced their price objective on Capital One Financial from $283.00 to $270.00 in a research note on Wednesday, May 6th. Seventeen research 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 a consensus rating of "Moderate Buy" and a consensus price target of $258.75.

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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