IMA Advisory Services Inc. Increases Stake in Capital One Financial Corporation $COF

IMA Advisory Services Inc. increased its holdings in Capital One Financial Corporation (NYSE:COF) by 31.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,081 shares of the financial services provider’s stock after acquiring an additional 3,367 shares during the quarter. IMA Advisory Services Inc.’s holdings in Capital One Financial were worth $2,996,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Earned Wealth Advisors LLC purchased a new position in shares of Capital One Financial during the 2nd quarter worth $254,000. Plancorp LLC acquired a new stake in Capital One Financial during the second quarter worth about $272,000. Private Advisor Group LLC raised its stake in Capital One Financial by 15.3% during the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock worth $1,776,000 after purchasing an additional 1,312 shares during the period. Callodine Capital Management LP boosted its holdings in Capital One Financial by 200.0% in the 1st quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock valued at $26,895,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in shares of Capital One Financial by 111.8% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,510 shares of the financial services provider’s stock valued at $534,000 after buying an additional 1,325 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Morgan Stanley upped their price target on Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Truist Financial raised their price objective on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. TD Cowen boosted their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, UBS Group lowered their target price on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.63.

Capital One Financial Stock Performance

NYSE COF opened at $220.29 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $140.05 billion, a P/E ratio of 92.95, a P/E/G ratio of 0.70 and a beta of 1.19. The stock has a 50-day moving average of $219.14 and a two-hundred day moving average of $210.19. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The business had revenue of $15.46 billion for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. As a group, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, November 17th. Capital One Financial’s payout ratio is presently 135.02%.

Insider Buying and Selling

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total transaction of $438,820.00. Following the completion of the transaction, the general counsel directly owned 96,486 shares of the company’s stock, valued at $21,169,993.26. The trade was a 2.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Neal Blinde sold 43,200 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the sale, the insider owned 73,020 shares in the company, valued at $16,198,026.60. The trade was a 37.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 256,380 shares of company stock worth $57,129,478 over the last ninety days. Insiders own 1.26% of the company’s stock.

Capital One Financial Company 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.