1,358 Shares in Capital One Financial Co. (NYSE:COF) Acquired by USA Financial Formulas

USA Financial Formulas bought a new position in Capital One Financial Co. (NYSE:COF) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,358 shares of the financial services provider’s stock, valued at approximately $242,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in Capital One Financial in the 3rd quarter worth approximately $36,000. Creative Financial Designs Inc. ADV increased its holdings in Capital One Financial by 135.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 166 shares in the last quarter. Eastern Bank purchased a new stake in Capital One Financial in the 3rd quarter worth approximately $44,000. Prospera Private Wealth LLC purchased a new stake in Capital One Financial in the 3rd quarter worth approximately $47,000. Finally, Concord Wealth Partners increased its holdings in Capital One Financial by 115.3% in the 3rd quarter. Concord Wealth Partners now owns 323 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 173 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

NYSE:COF opened at $188.52 on Friday. The stock’s fifty day moving average is $183.63 and its 200 day moving average is $159.76. Capital One Financial Co. has a fifty-two week low of $123.23 and a fifty-two week high of $198.30. The firm has a market capitalization of $71.87 billion, a PE ratio of 17.80, a PEG ratio of 1.12 and a beta of 1.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the prior year, the firm posted $4.45 EPS. Capital One Financial’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Capital One Financial Co. will post 13.41 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.27%. Capital One Financial’s payout ratio is presently 22.66%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Kara West sold 721 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now owns 12,929 shares in the company, valued at $2,388,374.17. This trade represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the sale, the insider now owns 26,482 shares in the company, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,256 shares of company stock worth $2,462,487. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

COF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their price target on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays upgraded Capital One Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $158.00 to $219.00 in a research note on Monday, January 6th. Royal Bank of Canada upped their price target on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price target on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Finally, Truist Financial initiated coverage on Capital One Financial in a research note on Tuesday, January 7th. They issued a “buy” rating and a $229.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $188.06.

Capital One Financial Company Profile

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.