Permanent Capital Management LP Makes New Investment in Capital One Financial Corporation $COF

Permanent Capital Management LP acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,960 shares of the financial services provider’s stock, valued at approximately $2,755,000. Capital One Financial comprises about 0.5% of Permanent Capital Management LP’s holdings, making the stock its 22nd biggest holding.

Other large investors have also recently modified their holdings of the company. Everpar Advisors LLC lifted its stake in shares of Capital One Financial by 2.1% in the 3rd quarter. Everpar Advisors LLC now owns 3,648 shares of the financial services provider’s stock valued at $775,000 after acquiring an additional 76 shares during the last quarter. Perigon Wealth Management LLC increased its stake in Capital One Financial by 99.2% in the 3rd quarter. Perigon Wealth Management LLC now owns 11,870 shares of the financial services provider’s stock worth $2,523,000 after purchasing an additional 5,911 shares during the period. Parisi Gray Wealth Management increased its stake in Capital One Financial by 30.2% in the 3rd quarter. Parisi Gray Wealth Management now owns 1,496 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 347 shares during the period. Sowell Financial Services LLC lifted its position in Capital One Financial by 32.0% in the third quarter. Sowell Financial Services LLC now owns 12,984 shares of the financial services provider’s stock valued at $2,760,000 after purchasing an additional 3,146 shares during the last quarter. Finally, Rede Wealth LLC purchased a new stake in shares of Capital One Financial during the third quarter valued at approximately $261,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In other Capital One Financial news, CEO Richard D. Fairbank sold 103,487 shares of the 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 owned 4,001,228 shares in the company, valued at approximately $882,990,995.04. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lia Dean sold 3,269 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total value of $713,132.35. Following the transaction, the insider directly owned 69,855 shares of the company’s stock, valued at $15,238,868.25. This represents a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 280,218 shares of company stock worth $62,395,804. 1.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

COF has been the topic of several recent analyst reports. Jefferies Financial Group raised their target price on shares of Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Capital One Financial from $240.00 to $263.00 and gave the company a “hold” rating in a research report on Wednesday, December 17th. Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Wolfe Research started coverage on shares of Capital One Financial in a research note on Monday, December 8th. They set an “outperform” rating and a $270.00 price objective for the company. Finally, Truist Financial raised their target price on Capital One Financial from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Three 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $267.45.

Capital One Financial Stock Up 0.5%

Shares of NYSE COF opened at $249.58 on Monday. The firm has a fifty day simple moving average of $224.67 and a two-hundred day simple moving average of $218.75. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $249.73. 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 $158.67 billion, a PE ratio of 105.31, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16.

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 (EPS) for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The company had revenue of $15.46 billion for the quarter. Equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

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

Capital One Financial 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.