Assetmark Inc. Acquires 15,787 Shares of Capital One Financial Corporation $COF

Assetmark Inc. increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 15.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,823 shares of the financial services provider’s stock after purchasing an additional 15,787 shares during the period. Assetmark Inc.’s holdings in Capital One Financial were worth $25,047,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. grew its position in shares of Capital One Financial by 1.0% during the 3rd quarter. Mather Group LLC. now owns 4,540 shares of the financial services provider’s stock worth $965,000 after buying an additional 47 shares during the period. Optas LLC boosted its stake in Capital One Financial by 1.4% during the third quarter. Optas LLC now owns 3,484 shares of the financial services provider’s stock worth $741,000 after acquiring an additional 49 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in Capital One Financial by 1.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 4,450 shares of the financial services provider’s stock worth $946,000 after acquiring an additional 49 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in Capital One Financial by 0.4% in the third quarter. Bridges Investment Management Inc. now owns 11,251 shares of the financial services provider’s stock worth $2,392,000 after purchasing an additional 49 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC increased its stake in Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

COF stock opened at $207.60 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The firm has a market cap of $131.98 billion, a PE ratio of 70.14, a P/E/G ratio of 0.61 and a beta of 1.14. The business has a 50 day moving average of $234.33 and a 200-day moving average of $223.55. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data 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%.The business had revenue of $15.62 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same period in the prior year, the firm posted $2.67 EPS. The firm’s revenue for the quarter was up 53.3% on a year-over-year basis. As a group, sell-side analysts expect 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 declared 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. The ex-dividend date is Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio is presently 108.11%.

Insider Activity at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total transaction of $500,000.00. Following the completion of the transaction, the general counsel directly owned 92,486 shares of the company’s stock, valued at $23,121,500. This represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lia Dean sold 3,284 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the sale, the insider 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 position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 34,274 shares of company stock worth $8,131,054. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

COF has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. BTIG Research dropped their price target on Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Evercore reduced their price objective on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a research note on Tuesday, January 27th. Robert W. Baird upped their target price on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $274.70.

Capital One Financial Company 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.