ABC Arbitrage SA Makes New $1.35 Million Investment in Capital One Financial Corporation $COF

ABC Arbitrage SA acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,344 shares of the financial services provider’s stock, valued at approximately $1,349,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake 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 worth $11,995,603,000 after acquiring an additional 24,129,990 shares in the last quarter. State Street Corp lifted its holdings in shares of Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after purchasing an additional 10,776,843 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Capital One Financial by 64.1% during 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 purchasing an additional 5,474,328 shares during the last quarter. Norges Bank bought a new stake in shares of Capital One Financial in the 2nd quarter worth approximately $1,701,511,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Capital One Financial by 41.3% in the 2nd 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 buying an additional 2,050,010 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Down 1.2%

Shares of COF opened at $220.10 on Wednesday. The company’s fifty day moving average is $235.51 and its 200 day moving average is $223.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $139.92 billion, a PE ratio of 74.36, a P/E/G ratio of 0.66 and a beta of 1.14. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The company had revenue of $15.62 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 53.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.67 earnings per share. Sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, February 19th. Capital One Financial’s payout ratio is presently 108.11%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on COF shares. Keefe, Bruyette & Woods lifted their price objective on Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, January 2nd. Truist Financial lowered their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, January 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a research note on Tuesday, January 6th. TD Cowen reiterated a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. Finally, Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. One equities research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $274.70.

Insider Transactions at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total transaction of $500,000.00. Following the completion of the sale, the general counsel owned 92,486 shares in the company, valued at $23,121,500. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the sale, the insider owned 48,315 shares of the company’s stock, valued at approximately $10,727,379.45. This represents a 26.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 52,114 shares of company stock worth $12,092,070. Insiders own 1.26% of the company’s stock.

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.