Asio Capital LLC Invests $4.47 Million in Capital One Financial Corporation $COF

Asio Capital LLC bought a new position in Capital One Financial Corporation (NYSE:COF) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,006 shares of the financial services provider’s stock, valued at approximately $4,465,000.

Several other institutional investors have also added to or reduced their stakes in COF. WPG Advisers LLC bought a new position in shares of Capital One Financial during the 1st quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC raised its stake in Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC lifted its position in Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. Saudi Central Bank purchased a new position in shares of Capital One Financial in the 1st quarter worth $27,000. Finally, RMG Wealth Management LLC purchased a new position in shares of Capital One Financial in the 2nd quarter worth $27,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.1%

Shares of Capital One Financial stock opened at $247.42 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $157.29 billion, a price-to-earnings ratio of 104.40, a PEG ratio of 0.57 and a beta of 1.16. The firm’s 50-day moving average is $223.90 and its two-hundred day moving average is $218.15. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $249.65.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The firm 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%. As a group, research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a dividend of $0.80 per share. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 annualized dividend and a yield of 1.3%. Capital One Financial’s payout ratio is 135.02%.

Insiders Place Their Bets

In other news, CEO Richard D. Fairbank sold 103,487 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total value of $22,837,511.16. Following the completion of the transaction, the chief executive officer directly owned 4,001,228 shares of the company’s stock, valued at approximately $882,990,995.04. The trade was a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lia Dean sold 3,269 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 value of $713,132.35. Following the sale, the insider owned 69,855 shares of the company’s stock, valued at $15,238,868.25. This trade represents a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 280,218 shares of company stock worth $62,395,804. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on COF. Wolfe Research assumed coverage on shares of Capital One Financial in a research report on Monday, December 8th. They set an “outperform” rating and a $270.00 target price on the stock. UBS Group decreased their price objective on Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. The Goldman Sachs Group raised their price objective on Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Evercore ISI boosted their target price on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Finally, Citigroup raised their price target on Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $265.25.

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.