Oppenheimer Asset Management Inc. Has $19.12 Million Stock Position in Capital One Financial Corporation $COF

Oppenheimer Asset Management Inc. raised its holdings in Capital One Financial Corporation (NYSE:COF) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,957 shares of the financial services provider’s stock after buying an additional 4,307 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Capital One Financial were worth $19,123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of COF. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of Capital One Financial by 66.7% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 50 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at about $28,000. Solstein Capital LLC bought a new stake in Capital One Financial in the 2nd quarter valued at about $28,000. Roble Belko & Company Inc acquired a new position in Capital One Financial during the 2nd quarter worth approximately $28,000. Finally, Howard Hughes Medical Institute bought a new position in Capital One Financial in the second quarter worth approximately $29,000. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on COF. TD Cowen restated a “buy” rating on shares of Capital One Financial in a report on Thursday, January 8th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $275.00 price target on shares of Capital One Financial in a research report on Monday, January 12th. Evercore lowered their price objective on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, January 27th. Truist Financial reduced their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Monday, January 26th. Finally, Wolfe Research decreased their target price on shares of Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $274.70.

Capital One Financial Stock Performance

Shares of COF stock opened at $222.72 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50-day moving average of $235.54 and a 200-day moving average of $223.57. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $259.64. The company has a market cap of $141.59 billion, a P/E ratio of 75.24, a P/E/G ratio of 0.66 and a beta of 1.14.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). The firm had revenue of $15.62 billion for the quarter, compared to analysts’ expectations of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The firm’s revenue for the quarter was up 53.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.67 earnings per share. Equities research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is presently 108.11%.

Insider Buying and Selling at Capital One Financial

In other news, insider Lia Dean sold 3,284 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the completion of the sale, the insider directly owned 70,162 shares of the company’s stock, valued at $15,693,836.16. This trade represents a 4.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total value of $500,000.00. Following the sale, the general counsel owned 92,486 shares in the company, valued at $23,121,500. The trade was a 2.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 52,114 shares of company stock valued at $12,092,070 in the last ninety days. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Company 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.