Callodine Capital Management LP Grows Stock Position in Capital One Financial Corporation $COF

Callodine Capital Management LP grew its position in Capital One Financial Corporation (NYSE:COF) by 77.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265,708 shares of the financial services provider’s stock after purchasing an additional 115,708 shares during the quarter. Capital One Financial makes up about 5.9% of Callodine Capital Management LP’s investment portfolio, making the stock its 3rd largest holding. Callodine Capital Management LP’s holdings in Capital One Financial were worth $56,532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC boosted its holdings in Capital One Financial by 588,668.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after buying an additional 117,427,549 shares during the period. Vanguard Group Inc. raised its holdings in Capital One Financial by 74.8% during the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after acquiring an additional 24,129,990 shares during the period. Geode Capital Management LLC lifted its position in shares of Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after acquiring an additional 5,474,328 shares in the last quarter. Norges Bank bought a new position in shares of Capital One Financial in the second quarter worth about $1,701,511,000. Finally, Bank of New York Mellon Corp grew its position in shares of Capital One Financial by 41.3% during the second quarter. Bank of New York Mellon Corp now owns 7,011,073 shares of the financial services provider’s stock worth $1,491,676,000 after purchasing an additional 2,050,010 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Up 0.7%

Shares of COF opened at $231.37 on Friday. The firm has a fifty day moving average price of $215.82 and a 200-day moving average price of $213.42. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $147.09 billion, a P/E ratio of 97.62, a P/E/G ratio of 0.55 and a beta of 1.16. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $233.01.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The company had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a $0.80 dividend. The ex-dividend date was Monday, November 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is presently 135.02%.

Insider Activity at Capital One Financial

In related news, insider Celia Karam sold 2,936 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $218.15, for a total transaction of $640,488.40. Following the completion of the sale, the insider directly owned 63,433 shares in the company, valued at $13,837,908.95. This represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Frank G. LapradeIii sold 17,840 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the completion of the sale, the insider owned 48,315 shares in the company, valued at $10,727,379.45. This represents a 26.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 280,218 shares of company stock valued at $62,395,804 over the last 90 days. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on COF shares. Morgan Stanley lifted their price objective on shares of Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research note on Monday, December 1st. Truist Financial lifted their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, September 12th. JPMorgan Chase & Co. increased their price target on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, HSBC upped their price objective on Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $261.63.

Capital One Financial 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.