Aquatic Capital Management LLC Makes New $7.22 Million Investment in Capital One Financial Corporation $COF

Aquatic Capital Management LLC bought a new position in Capital One Financial Corporation (NYSE:COF) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 33,965 shares of the financial services provider’s stock, valued at approximately $7,220,000.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Capital One Financial by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 56,537,167 shares of the financial services provider’s stock valued at $12,018,671,000 after acquiring an additional 156,254 shares in the last quarter. State Street Corp grew its position in Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after purchasing an additional 10,776,843 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Capital One Financial by 12.8% in the third quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock valued at $2,516,587,000 after purchasing an additional 1,339,215 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Capital One Financial by 3.7% in the third quarter. Capital Research Global Investors now owns 8,426,060 shares of the financial services provider’s stock worth $1,791,264,000 after buying an additional 302,733 shares during the period. Finally, Norges Bank acquired a new stake in shares of Capital One Financial in the second quarter worth $1,701,511,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on COF shares. Evercore dropped their price target on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 27th. Wolfe Research lowered their target price on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. Finally, Jefferies Financial Group raised their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $274.70.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Jason P. Hanson sold 3,729 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the sale, the insider directly owned 40,230 shares of the company’s stock, valued at $8,247,150. The trade was a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Celia Karam sold 2,108 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $218.25, for a total transaction of $460,071.00. Following the transaction, the insider owned 59,269 shares in the company, valued at approximately $12,935,459.25. This trade represents a 3.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 67,933 shares of company stock valued at $14,363,897 in the last ninety days. 1.26% of the stock is currently owned by insiders.

Capital One Financial Price Performance

COF opened at $179.76 on Monday. The stock has a fifty day moving average price of $215.61 and a 200 day moving average price of $220.83. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $259.64. The stock has a market cap of $111.80 billion, a price-to-earnings ratio of 60.73, a PEG ratio of 0.54 and a beta of 1.14.

Capital One Financial (NYSE:COF) last issued its 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). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same period last year, the business earned $2.67 earnings per share. The company’s quarterly revenue was up 53.3% compared to the same quarter last year. Analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were issued a $0.80 dividend. The ex-dividend date was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. Capital One Financial’s dividend payout ratio is currently 108.11%.

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.