Chase Investment Counsel Corp Buys Shares of 30,421 Capital One Financial Corporation $COF

Chase Investment Counsel Corp purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,421 shares of the financial services provider’s stock, valued at approximately $6,466,000. Capital One Financial makes up about 1.9% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 15th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares during the period. Intech Investment Management LLC increased its holdings in shares of Capital One Financial by 44.3% in the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock worth $1,608,000 after acquiring an additional 2,753 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of 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 period. Strategic Blueprint LLC bought a new position in shares of Capital One Financial during the 2nd quarter valued at about $263,000. Finally, AlphaQuest LLC grew its position in shares of Capital One Financial by 99.2% in the 2nd quarter. AlphaQuest LLC now owns 1,309 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 652 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $190.69 on Tuesday. 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 has a 50-day moving average of $230.60 and a 200-day moving average of $223.34. The stock has a market capitalization of $118.60 billion, a price-to-earnings ratio of 64.42, a PEG ratio of 0.61 and a beta of 1.14. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. Capital One Financial’s quarterly revenue was up 53.3% on a year-over-year basis. During the same period last year, the firm earned $2.67 EPS. As a group, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Wall Street Analysts Forecast Growth

Several analysts have commented on COF shares. Evercore dropped their target price on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, January 27th. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Truist Financial cut their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft lowered their target price on Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a report on Friday, January 23rd. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $275.00 price target on shares of Capital One Financial in a report on Monday, January 12th. One 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $274.70.

Insider Activity

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

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.