Pinnacle Associates Ltd. Boosts Stake in Capital One Financial Corporation $COF

Pinnacle Associates Ltd. boosted its holdings in Capital One Financial Corporation (NYSE:COF) by 6.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 49,256 shares of the financial services provider’s stock after acquiring an additional 3,141 shares during the period. Pinnacle Associates Ltd.’s holdings in Capital One Financial were worth $11,938,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of COF. Strive Asset Management LLC bought a new position in Capital One Financial in the third quarter valued at about $28,000. Olistico Wealth LLC bought a new stake in Capital One Financial during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. lifted its stake in shares of Capital One Financial by 550.0% during the 4th quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock valued at $32,000 after buying an additional 110 shares in the last quarter. WFA of San Diego LLC purchased a new position in shares of Capital One Financial in the second quarter valued at about $32,000. Finally, Westfuller Advisors LLC lifted its holdings in Capital One Financial by 661.1% in the 4th quarter. Westfuller Advisors LLC now owns 137 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 119 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Up 2.2%

Shares of NYSE COF opened at $185.62 on Friday. Capital One Financial Corporation has a 1 year low of $174.98 and a 1 year high of $259.64. The firm has a 50-day simple moving average of $188.58 and a two-hundred day simple moving average of $211.84. The company has a market cap of $115.51 billion, a P/E ratio of 65.13, a PEG ratio of 0.66 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same period in the prior year, the company posted $4.06 EPS. The company’s quarterly revenue was up 52.3% compared to the same quarter last year. Research analysts anticipate that Capital One Financial Corporation will post 19.17 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be paid a $0.80 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is presently 112.28%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Rothschild & Co Redburn decreased their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Evercore decreased their price target on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a research note on Monday, April 6th. BTIG Research reiterated a “buy” rating and set a $224.00 price objective on shares of Capital One Financial in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $257.52.

Key Headlines Impacting Capital One Financial

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

• Positive Sentiment: Capital One announced a new $175 million senior credit facility for Centra Funding, a sign the bank is still active in lending and supporting business growth. Centra Funding Closes New $175 Million Credit Facility With Capital One
• Positive Sentiment: Some recent coverage has taken a bullish view on COF, citing an attractive forward valuation versus its trailing earnings multiple and suggesting the stock may still have room to run. Is Capital One Financial Corporation (COF) A Good Stock To Buy Now?
• Neutral Sentiment: Capital One filed a trademark-infringement lawsuit against suspected impersonation scammers, which could help protect the brand but is unlikely to move earnings immediately. Capital One Sues Impersonation Scammers for Trademark Infringement
• Neutral Sentiment: The company’s general counsel sold 3,500 shares under a pre-arranged 10b5-1 plan. While insider sales can draw attention, the automatic trading plan makes it less likely to signal a change in outlook. Matthew W. Cooper sale disclosure
• Negative Sentiment: A Yahoo Finance piece questioned buying COF ahead of its ex-dividend date, reflecting some investor caution around the near-term dividend setup. Here’s Why We’re Wary Of Buying Capital One Financial’s (NYSE:COF) For Its Upcoming Dividend

Insider Buying and Selling at Capital One Financial

In related news, insider Jason P. Hanson sold 3,729 shares of Capital One Financial stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total transaction of $764,445.00. Following the completion of the sale, the insider owned 40,230 shares in the company, valued at $8,247,150. This trade represents a 8.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Neal Blinde sold 38,135 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the completion of the sale, the insider directly owned 33,551 shares of the company’s stock, valued at approximately $6,391,801.01. This trade represents a 53.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 49,904 shares of company stock valued at $9,528,159. 0.78% of the stock is owned by company insiders.

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.