Wakefield Asset Management LLLP Buys 5,686 Shares of Capital One Financial Corporation $COF

Key Points

• Wakefield Asset Management LLLP increased its stake in Capital One (COF) by 50%, buying 5,686 shares to hold 17,067 shares valued at about $3.63 million at the end of the quarter.
• Capital One missed quarterly EPS ($3.86 vs. $4.14 expected) despite revenue rising 53.3% year-over-year, yet analysts maintain a "Moderate Buy" consensus with an average target of $274.70 versus the current ~ $184.93 share price.
• Insiders sold heavily last quarter (67,933 shares worth roughly $14.4 million), and the company pays a $0.80 quarterly dividend (annualized yield ~1.7%) with a reported dividend payout ratio above 100%.

Wakefield Asset Management LLLP raised its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 50.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 17,067 shares of the financial services provider's stock after purchasing an additional 5,686 shares during the quarter. Wakefield Asset Management LLLP's holdings in Capital One Financial were worth $3,628,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in COF. Howard Hughes Medical Institute bought a new stake in shares of Capital One Financial in the 2nd quarter valued at $29,000. WFA of San Diego LLC bought a new position in Capital One Financial during the second quarter worth $32,000. Crowley Wealth Management Inc. bought a new position in Capital One Financial during the third quarter worth $33,000. Wolff Wiese Magana LLC lifted its holdings in Capital One Financial by 41.3% in the third quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider's stock valued at $41,000 after buying an additional 57 shares during the period. Finally, Bell Investment Advisors Inc lifted its holdings in Capital One Financial by 86.9% in the second quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider's stock valued at $43,000 after buying an additional 93 shares during the period. Institutional investors own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on COF. Wells Fargo & Company increased their price target on Capital One Financial from $265.00 to $280.00 and gave the stock an "overweight" rating in a report on Monday, January 5th. Jefferies Financial Group boosted their price objective on Capital One Financial from $265.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, December 10th. Truist Financial cut their target price on Capital One Financial from $290.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, January 26th. JPMorgan Chase & Co. raised their target price on Capital One Financial from $237.00 to $256.00 and gave the stock a "neutral" rating in a research note on Monday, January 12th. Finally, Zacks Research downgraded Capital One Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average target price of $274.70.

Capital One Financial Trading Down 0.4%

COF opened at $184.93 on Wednesday. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $259.64. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The company has a market cap of $115.01 billion, a P/E ratio of 62.47, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14. The company has a fifty day moving average price of $219.49 and a two-hundred day moving average price of $221.76.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. Capital One Financial's quarterly revenue was up 53.3% on a year-over-year basis. During the same quarter last year, the business posted $2.67 EPS. Analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial's dividend payout ratio is 108.11%.

Insiders Place Their Bets

In other news, insider Lia Dean sold 3,284 shares of the company's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the transaction, the insider directly owned 70,162 shares of the company's stock, valued at $15,693,836.16. This represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jason P. Hanson sold 3,729 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the transaction, the insider directly owned 40,230 shares in the company, valued at $8,247,150. The trade was a 8.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 67,933 shares of company stock valued at $14,363,897. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Company 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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