CCM Investment Advisers LLC Grows Stock Position in Capital One Financial Co. (NYSE:COF)

CCM Investment Advisers LLC boosted its position in shares of Capital One Financial Co. (NYSE:COF) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,334 shares of the financial services provider’s stock after buying an additional 475 shares during the quarter. CCM Investment Advisers LLC’s holdings in Capital One Financial were worth $8,302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of COF. Toronto Dominion Bank raised its position in Capital One Financial by 37.9% in the 1st quarter. Toronto Dominion Bank now owns 291,462 shares of the financial services provider’s stock worth $28,012,000 after purchasing an additional 80,056 shares during the period. Jacobi Capital Management LLC lifted its stake in shares of Capital One Financial by 8.7% during the 1st quarter. Jacobi Capital Management LLC now owns 6,530 shares of the financial services provider’s stock worth $628,000 after acquiring an additional 523 shares during the last quarter. CI Investments Inc. boosted its holdings in Capital One Financial by 1.0% during the 4th quarter. CI Investments Inc. now owns 55,565 shares of the financial services provider’s stock valued at $5,165,000 after acquiring an additional 546 shares during the period. Dillon & Associates Inc. purchased a new position in Capital One Financial during the 1st quarter valued at $239,000. Finally, Atria Investments Inc grew its position in Capital One Financial by 14.0% in the 1st quarter. Atria Investments Inc now owns 33,792 shares of the financial services provider’s stock valued at $3,249,000 after acquiring an additional 4,140 shares during the last quarter. Institutional investors own 90.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Capital One Financial from $86.00 to $92.00 and gave the company an “underweight” rating in a research report on Friday, July 21st. Citigroup increased their price objective on Capital One Financial from $124.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Piper Sandler lifted their target price on Capital One Financial from $112.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 21st. Bank of America increased their price target on Capital One Financial from $109.00 to $116.00 in a research report on Tuesday, June 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $102.00 to $112.00 in a report on Monday, June 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.09.

Capital One Financial Stock Up 1.0 %

COF stock opened at $101.05 on Wednesday. The stock has a market capitalization of $38.54 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 1.94 and a beta of 1.47. Capital One Financial Co. has a 52 week low of $83.93 and a 52 week high of $123.09. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.91. The firm has a 50 day moving average of $108.68 and a 200 day moving average of $102.98.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.21. The firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $9.13 billion. Capital One Financial had a return on equity of 9.72% and a net margin of 11.94%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the business posted $4.96 earnings per share. Sell-side analysts forecast that Capital One Financial Co. will post 11.56 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, August 4th. Capital One Financial’s dividend payout ratio is currently 18.38%.

Insider Buying and Selling

In other Capital One Financial news, CEO Richard D. Fairbank sold 3,891 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $109.48, for a total transaction of $425,986.68. Following the transaction, the chief executive officer now directly owns 3,848,406 shares of the company’s stock, valued at $421,323,488.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Richard D. Fairbank sold 3,891 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $109.48, for a total transaction of $425,986.68. Following the completion of the sale, the chief executive officer now directly owns 3,848,406 shares in the company, valued at $421,323,488.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kara West sold 2,362 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $115.06, for a total transaction of $271,771.72. Following the completion of the sale, the insider now owns 10,450 shares of the company’s stock, valued at $1,202,377. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,286 shares of company stock valued at $3,902,710. 1.27% of the stock is owned by company insiders.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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.