Bingham Private Wealth LLC Takes Position in Capital One Financial Corporation $COF

Bingham Private Wealth LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,515 shares of the financial services provider’s stock, valued at approximately $610,000.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its holdings in Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 10,428 shares during the last quarter. Intech Investment Management LLC raised its holdings in Capital One Financial by 44.3% during the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after purchasing an additional 2,753 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Capital One Financial by 118.3% during the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 1,788 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in Capital One Financial during the second quarter worth $218,000. Finally, Jump Financial LLC acquired a new position in Capital One Financial during the second quarter worth $1,086,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently 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 stock an “outperform” rating in a report on Friday, January 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. Barclays reduced their price objective on Capital One Financial from $287.00 to $226.00 and set an “overweight” rating for the company in a report on Monday, April 6th. JPMorgan Chase & Co. raised Capital One Financial from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $256.00 to $213.00 in a report on Thursday, April 9th. Finally, UBS Group reduced their price objective on Capital One Financial from $286.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.95.

Check Out Our Latest Stock Report on COF

Capital One Financial Stock Performance

NYSE COF opened at $199.80 on Wednesday. Capital One Financial Corporation has a fifty-two week low of $157.89 and a fifty-two week high of $259.64. The stock has a market cap of $124.26 billion, a price-to-earnings ratio of 67.50, a price-to-earnings-growth ratio of 0.62 and a beta of 1.14. The business has a fifty day moving average of $194.27 and a 200-day moving average of $214.68. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COFGet Free Report) last released its quarterly 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 return on equity of 10.68% and a net margin of 3.54%.The company had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same period last year, the firm earned $2.67 earnings per share. The business’s revenue was up 53.3% compared to the same quarter last year. As a group, analysts predict 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 declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s payout ratio is 108.11%.

Insider Buying and Selling

In other news, insider Neal Blinde sold 38,135 shares of Capital One Financial stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the completion of the sale, the insider owned 33,551 shares of the company’s stock, valued at $6,391,801.01. The trade was a 53.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Celia Karam sold 2,108 shares of Capital One Financial stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the sale, the insider directly owned 59,269 shares of the company’s stock, valued at approximately $12,935,459.25. This represents a 3.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 50,047 shares of company stock valued at $9,742,217. 0.78% of the stock is owned by insiders.

Capital One Financial News Roundup

Here are the key news stories impacting Capital One Financial this week:

Capital One Financial Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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