Smith Chas P & Associates PA Cpas Raises Stock Position in Capital One Financial Corporation $COF

Key Points

• Smith Chas P & Associates PA Cpas increased its Capital One Financial stake by 38.3% in the fourth quarter, buying 10,626 additional shares and bringing its total holdings to 38,366 shares worth about $9.3 million.
• Several other institutional investors also adjusted positions in COF, and overall hedge funds and institutions now own 89.84% of the company’s stock.
• Capital One reported Q1 earnings that missed expectations, with EPS of $4.42 versus $5.08 expected and revenue of $15.23 billion versus $15.68 billion expected; the company also announced a quarterly dividend of $0.80 per share, yielding about 1.7%.

Smith Chas P & Associates PA Cpas raised its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 38.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,366 shares of the financial services provider's stock after buying an additional 10,626 shares during the period. Smith Chas P & Associates PA Cpas' holdings in Capital One Financial were worth $9,298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Severin Investments LLC increased its holdings in Capital One Financial by 7.8% in the fourth quarter. Severin Investments LLC now owns 2,624 shares of the financial services provider's stock valued at $636,000 after buying an additional 190 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc increased its holdings in Capital One Financial by 11.4% in the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,101 shares of the financial services provider's stock valued at $509,000 after buying an additional 215 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its holdings in Capital One Financial by 157.8% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 36,066 shares of the financial services provider's stock valued at $8,741,000 after buying an additional 22,074 shares in the last quarter. Expressive Wealth LLC purchased a new position in Capital One Financial in the fourth quarter valued at $358,000. Finally, TrustBank purchased a new position in Capital One Financial in the fourth quarter valued at $67,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on COF. Evercore cut their price objective on shares of Capital One Financial from $265.00 to $222.00 and set an "outperform" rating for the company in a report on Monday, April 6th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Capital One Financial from $256.00 to $250.00 and set a "hold" rating for the company in a report on Wednesday, April 22nd. Morgan Stanley cut their price objective on shares of Capital One Financial from $300.00 to $273.00 and set an "overweight" rating for the company in a report on Thursday, April 16th. Rothschild & Co Redburn cut their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a "buy" rating for the company in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada cut their price objective on shares of Capital One Financial from $275.00 to $235.00 and set a "sector perform" rating for the company in a report on Friday, April 10th. Seventeen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.75.

Insider Buying and Selling

In related news, insider Lia Dean sold 1,692 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $314,052.12. Following the transaction, 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 transaction was disclosed in a legal 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, General Counsel Matthew W. Cooper sold 3,500 shares of the business's stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the transaction, the general counsel owned 97,194 shares in the company, valued at $17,876,892.42. The trade was a 3.48% 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. Over the last three months, insiders have sold 8,040 shares of company stock worth $1,498,615. 0.78% of the stock is owned by insiders.

Capital One Financial Stock Up 1.4%

COF stock opened at $189.03 on Thursday. The stock has a market capitalization of $117.63 billion, a P/E ratio of 66.33, a P/E/G ratio of 0.68 and a beta of 1.05. The firm has a 50-day simple moving average of $188.87 and a 200-day simple moving average of $209.73. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a 52 week low of $174.98 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last released its 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 company had revenue of $15.23 billion for the quarter, compared to analysts' expectations of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The firm's revenue for the quarter was up 52.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.06 EPS. Equities analysts forecast that Capital One Financial Corporation will post 19.14 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial's payout ratio is presently 112.28%.

About Capital One Financial

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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