Cibc World Market Inc. Has $30.25 Million Stake in Capital One Financial Corporation $COF

Cibc World Market Inc. grew its stake in Capital One Financial Corporation (NYSE:COF) by 184.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,277 shares of the financial services provider’s stock after purchasing an additional 92,308 shares during the period. Cibc World Market Inc.’s holdings in Capital One Financial were worth $30,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Atlantic Edge Private Wealth Management LLC grew its stake 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 worth $27,000 after buying an additional 50 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Capital One Financial during the 2nd quarter valued at $28,000. Solstein Capital LLC bought a new stake in Capital One Financial during the 2nd quarter worth $28,000. Roble Belko & Company Inc acquired a new position in Capital One Financial in the 2nd quarter worth about $28,000. Finally, Howard Hughes Medical Institute bought a new position in Capital One Financial in the second quarter valued at about $29,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Down 2.4%

Shares of NYSE:COF opened at $214.64 on Thursday. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $259.64. 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 business’s 50-day moving average is $235.26 and its 200-day moving average is $223.64. The company has a market capitalization of $136.45 billion, a price-to-earnings ratio of 72.51, a P/E/G ratio of 0.65 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 analysts’ consensus estimates of $4.14 by ($0.28). The business 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 company’s revenue for the quarter was up 53.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.67 earnings per share. Equities research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently announced 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 1.5%. The ex-dividend date is Thursday, February 19th. Capital One Financial’s payout ratio is presently 108.11%.

Insider Activity at Capital One Financial

In other news, insider Celia Karam sold 2,936 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $640,488.40. Following the transaction, the insider owned 63,433 shares in the company, valued at approximately $13,837,908.95. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ravi Raghu sold 13,450 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the transaction, the insider directly owned 30,337 shares in the company, valued at $7,584,250. This trade represents a 30.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 34,274 shares of company stock valued at $8,131,054 in the last ninety days. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. BTIG Research decreased their price target on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $300.00 price target on shares of Capital One Financial in a report on Tuesday, January 6th. Citigroup boosted their price objective on shares of Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Finally, Truist Financial decreased their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $274.70.

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.