Castleark Management LLC Invests $6.47 Million in Capital One Financial Co. (NYSE:COF)

Castleark Management LLC bought a new stake in Capital One Financial Co. (NYSE:COF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 36,260 shares of the financial services provider’s stock, valued at approximately $6,466,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bfsg LLC acquired a new position in Capital One Financial during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Capital One Financial in the 4th quarter valued at $27,000. TruNorth Capital Management LLC acquired a new position in Capital One Financial during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. purchased a new position in Capital One Financial during the 4th quarter valued at about $32,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Capital One Financial in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on COF shares. Barclays increased their target price on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Robert W. Baird raised Capital One Financial from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Argus upgraded Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada set a $190.00 price target on Capital One Financial and gave the stock a “sector perform” rating in a report on Monday, April 14th. Finally, Truist Financial increased their price target on Capital One Financial from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.73.

Capital One Financial Trading Down 0.8%

NYSE:COF opened at $195.90 on Wednesday. The stock has a market cap of $75.06 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The business’s 50-day simple moving average is $176.82 and its 200 day simple moving average is $184.25.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. As a group, sell-side analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.23%. Capital One Financial’s dividend payout ratio is currently 20.15%.

Insider Buying and Selling at Capital One Financial

In other news, Director Ann F. Hackett sold 1,658 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director now owns 56,244 shares of the company’s stock, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 9,560 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the transaction, the insider now owns 20,089 shares of the company’s stock, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.