Oppenheimer Asset Management Inc. Boosts Holdings in Capital One Financial Corporation $COF

Oppenheimer Asset Management Inc. raised its holdings in Capital One Financial Corporation (NYSE:COF) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 85,650 shares of the financial services provider’s stock after purchasing an additional 370 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Capital One Financial were worth $18,223,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC lifted its holdings in Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 62 shares during the period. Olistico Wealth LLC lifted its holdings in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 101 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its holdings in Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 50 shares during the period. RMG Wealth Management LLC purchased a new position in Capital One Financial in the second quarter valued at $27,000. Finally, Signature Resources Capital Management LLC purchased a new position in Capital One Financial in the second quarter valued at $28,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on COF. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a report on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective for the company. HSBC raised their price objective on Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a report on Thursday. The Goldman Sachs Group raised their price objective on Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley raised their price objective on Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.79.

Capital One Financial Price Performance

Capital One Financial stock opened at $224.93 on Friday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The firm has a market capitalization of $143.85 billion, a price-to-earnings ratio of 94.91, a PEG ratio of 0.78 and a beta of 1.18. The company has a fifty day simple moving average of $219.38 and a 200-day simple moving average of $205.63. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, topping the consensus estimate of $4.25 by $1.70. The business had revenue of $15.36 billion for the quarter, compared to analysts’ expectations of $15.06 billion. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.51 EPS. On average, equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s payout ratio is currently 101.27%.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares in the company, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,184 shares of company stock worth $2,799,248 in the last quarter. Company insiders own 1.26% of the company’s stock.

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.