Allworth Financial LP Buys 3,468 Shares of Capital One Financial Corporation $COF

Allworth Financial LP increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 22.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,606 shares of the financial services provider’s stock after acquiring an additional 3,468 shares during the quarter. Allworth Financial LP’s holdings in Capital One Financial were worth $4,509,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COF. Capital International Investors boosted its position in shares of Capital One Financial by 107.9% during the third quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock worth $859,602,000 after acquiring an additional 2,097,208 shares during the last quarter. Viking Global Investors LP boosted its position in shares of Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after acquiring an additional 1,717,148 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Capital One Financial by 12.8% during the third quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock worth $2,516,587,000 after acquiring an additional 1,339,215 shares during the last quarter. Waverton Investment Management Ltd boosted its position in shares of Capital One Financial by 1,390.9% during the third quarter. Waverton Investment Management Ltd now owns 1,181,834 shares of the financial services provider’s stock worth $251,323,000 after acquiring an additional 1,102,563 shares during the last quarter. Finally, Close Asset Management Ltd bought a new position in shares of Capital One Financial during the third quarter worth $233,087,000. Institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Evercore dropped their target price on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. The Goldman Sachs Group lowered their price objective on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. HSBC lowered their price objective on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $300.00 price objective on shares of Capital One Financial in a research report on Monday, March 16th. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.52.

Insiders Place Their Bets

In other news, insider Jason P. Hanson sold 3,729 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the sale, the insider owned 40,230 shares of the company’s stock, valued at approximately $8,247,150. This represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the sale, the general counsel directly owned 97,194 shares in the company, valued at approximately $17,876,892.42. This represents a 3.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 49,904 shares of company stock valued at $9,528,159. 0.78% of the stock is currently owned by company insiders.

Capital One Financial Price Performance

COF stock opened at $187.19 on Friday. Capital One Financial Corporation has a 52 week low of $174.98 and a 52 week high of $259.64. The firm has a market capitalization of $116.48 billion, a P/E ratio of 65.68, a price-to-earnings-growth ratio of 0.68 and a beta of 1.05. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $188.41 and a two-hundred day simple moving average of $211.67.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. During the same period in the prior year, the company posted $4.06 EPS. The company’s revenue was up 52.3% compared to the same quarter last year. Analysts anticipate that Capital One Financial Corporation will post 19.17 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, June 1st. Stockholders of record on Tuesday, May 19th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio is currently 112.28%.

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.