Bamco Inc. NY Takes $850,000 Position in Capital One Financial Corporation $COF

Bamco Inc. NY bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,000 shares of the financial services provider’s stock, valued at approximately $850,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COF. Howard Hughes Medical Institute purchased a new position in Capital One Financial during the 2nd quarter valued at $29,000. WFA of San Diego LLC purchased a new stake in shares of Capital One Financial in the 2nd quarter worth about $32,000. Crowley Wealth Management Inc. bought a new stake in shares of Capital One Financial during the 3rd quarter valued at about $33,000. Wolff Wiese Magana LLC boosted its stake in shares of Capital One Financial by 41.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 57 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its position in shares of Capital One Financial by 86.9% during the second quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider’s stock valued at $43,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 3,284 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total value of $734,565.12. Following the sale, the insider directly owned 70,162 shares of the company’s stock, valued at approximately $15,693,836.16. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jason P. Hanson sold 3,729 shares of the stock in a transaction on Wednesday, February 25th. The stock was 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 in the company, valued at approximately $8,247,150. This represents a 8.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 67,933 shares of company stock valued at $14,363,897 in the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on COF shares. HSBC decreased their price target on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. Truist Financial reduced their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 29th. The Goldman Sachs Group restated a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a research note on Tuesday, January 6th. Finally, Citigroup lifted their price target on Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $275.95.

Capital One Financial Price Performance

Shares of COF opened at $180.54 on Tuesday. The stock has a market cap of $112.28 billion, a PE ratio of 60.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64. The firm’s 50-day simple moving average is $214.21 and its two-hundred day simple moving average is $220.50.

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

Capital One Financial Dividend Announcement

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