Global Retirement Partners LLC Raises Stock Holdings in Capital One Financial Corporation $COF

Global Retirement Partners LLC raised its position in shares of Capital One Financial Corporation (NYSE:COF) by 85.9% during the 4th quarter, Holdings Channel reports. The fund owned 21,216 shares of the financial services provider’s stock after purchasing an additional 9,803 shares during the period. Global Retirement Partners LLC’s holdings in Capital One Financial were worth $5,142,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Capital One Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after acquiring an additional 360,071 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Capital One Financial by 12.8% during the 3rd 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 in the last quarter. Davis Selected Advisers raised its holdings in shares of Capital One Financial by 2.8% during the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock worth $2,087,878,000 after acquiring an additional 234,649 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Capital One Financial by 3.7% during the 3rd quarter. Capital Research Global Investors now owns 8,426,060 shares of the financial services provider’s stock worth $1,791,264,000 after acquiring an additional 302,733 shares in the last quarter. Finally, Viking Global Investors LP raised its holdings in shares of Capital One Financial by 30.3% during the 3rd 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 in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COF. JPMorgan Chase & Co. increased their price target on Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Morgan Stanley decreased their price target on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Barclays increased their price target on Capital One Financial from $226.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Finally, Rothschild & Co Redburn decreased their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Seventeen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $258.75.

Capital One Financial Stock Performance

NYSE:COF opened at $186.62 on Friday. The stock’s fifty day moving average is $188.24 and its 200 day moving average is $210.64. Capital One Financial Corporation has a fifty-two week low of $174.98 and a fifty-two week high of $259.64. The firm has a market capitalization of $116.13 billion, a PE ratio of 65.48, a PEG ratio of 0.68 and a beta of 1.05. 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 (NYSE:COF) last released its quarterly 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). The company had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business’s quarterly revenue was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.06 EPS. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Capital One Financial’s dividend payout ratio is 112.28%.

Insider Buying and Selling

In other Capital One Financial news, insider Celia Karam sold 1,749 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the transaction, the insider owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This represents a 2.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the transaction, the general counsel directly owned 97,194 shares in the company, valued at $17,876,892.42. This trade 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 a total of 49,904 shares of company stock worth $9,528,159 over the last ninety days. Corporate insiders own 0.78% of the company’s stock.

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.