SG Trading Solutions LLC Makes New Investment in Capital One Financial Corporation $COF

SG Trading Solutions LLC acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 4th quarter, Holdings Channel reports. The fund acquired 2,904 shares of the financial services provider’s stock, valued at approximately $704,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Kera Capital Partners Inc. grew its holdings in shares of Capital One Financial by 23.2% in the fourth quarter. Kera Capital Partners Inc. now owns 3,434 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 647 shares in the last quarter. MV Capital Management Inc. purchased a new stake in Capital One Financial during the fourth quarter valued at $100,000. Cambient Family Office LLC purchased a new stake in Capital One Financial during the fourth quarter valued at $463,000. Wick Capital Partners LLC purchased a new stake in Capital One Financial during the fourth quarter valued at $1,059,000. Finally, Mcguire Capital Advisors Inc. bought a new position in Capital One Financial during the fourth quarter valued at $129,000. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Stock Up 0.5%

Shares of COF opened at $201.94 on Friday. 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 business has a fifty day moving average of $190.50 and a 200 day moving average of $206.85. The company has a market cap of $125.66 billion, a PE ratio of 70.86, a P/E/G ratio of 0.72 and a beta of 1.03. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share 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 firm had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same quarter last year, the firm earned $4.06 EPS. The company’s revenue was up 52.3% on a year-over-year basis. On average, sell-side analysts expect that Capital One Financial Corporation will post 19.51 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial’s payout ratio is currently 112.28%.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were 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 in the company, valued at approximately $17,876,892.42. This represents a 3.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the sale, the insider directly owned 65,454 shares in the company, valued at $12,148,916.94. This trade represents a 2.52% decrease in their ownership of the stock. 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 ninety days, insiders have sold 8,040 shares of company stock worth $1,498,615. Insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on COF shares. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research note on Friday, March 27th. The Goldman Sachs Group decreased their target price on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Morgan Stanley dropped their price target on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Seventeen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price of $258.75.

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.