Bessemer Group Inc. Purchases 1,428,133 Shares of Capital One Financial Corporation $COF

Bessemer Group Inc. boosted its position in Capital One Financial Corporation (NYSE:COF) by 7,143.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,448,126 shares of the financial services provider’s stock after buying an additional 1,428,133 shares during the quarter. Bessemer Group Inc.’s holdings in Capital One Financial were worth $350,966,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Strive Asset Management LLC bought a new position in Capital One Financial in the third quarter valued at approximately $28,000. Olistico Wealth LLC bought a new position in Capital One Financial in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. increased its stake in Capital One Financial by 550.0% in the fourth quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 110 shares during the last quarter. WFA of San Diego LLC bought a new position in Capital One Financial in the second quarter valued at approximately $32,000. Finally, Westfuller Advisors LLC boosted its position in Capital One Financial by 661.1% in the fourth quarter. Westfuller Advisors LLC now owns 137 shares of the financial services provider’s stock valued at $33,000 after buying an additional 119 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Insider Activity at Capital One Financial

In other news, insider Lia Dean sold 1,692 shares of Capital One Financial stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $314,052.12. Following the transaction, the insider owned 65,454 shares in the company, valued at approximately $12,148,916.94. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the transaction, the general counsel directly owned 97,194 shares of the company’s stock, valued at $17,876,892.42. This represents a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 49,904 shares of company stock valued at $9,528,159 in the last quarter. Insiders own 0.78% of the company’s stock.

Capital One Financial News Roundup

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Evercore cut their target price on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. HSBC cut their target price on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a research report on Tuesday, January 20th. Morgan Stanley cut their target price on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Jefferies Financial Group restated a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a research report on Monday, March 16th. Finally, UBS Group cut their target price on shares of Capital One Financial from $283.00 to $270.00 in a research report on Wednesday, May 6th. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $257.52.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $185.62 on Friday. The firm has a market cap of $115.51 billion, a PE ratio of 65.13, a price-to-earnings-growth ratio of 0.66 and a beta of 1.05. The firm’s fifty day moving average is $188.58 and its 200-day moving average is $211.84. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. Capital One Financial Corporation has a 52 week low of $174.98 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly 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). The business had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.Capital One Financial’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.06 EPS. Sell-side analysts predict that Capital One Financial Corporation will post 19.17 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Capital One Financial 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.