S Harris Financial Group LLC Acquires New Holdings in Capital One Financial Corporation $COF

S Harris Financial Group LLC purchased a new position in Capital One Financial Corporation (NYSE:COF) during the 4th quarter, HoldingsChannel reports. The fund purchased 3,391 shares of the financial services provider’s stock, valued at approximately $822,000. Capital One Financial accounts for 0.8% of S Harris Financial Group LLC’s holdings, making the stock its 24th largest position.

Several other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. boosted its stake in Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares in the last quarter. VSM Wealth Advisory LLC purchased a new position in shares of Capital One Financial during the fourth quarter worth approximately $27,000. Cherry Tree Wealth Management LLC raised its stake in shares of Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 105 shares in the last quarter. Strive Asset Management LLC bought a new stake in shares of Capital One Financial in the 3rd quarter worth approximately $28,000. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Capital One Financial in the 4th quarter valued at $29,000. Institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was 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 owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. The trade was a 3.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the transaction, the insider directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. The trade was a 2.76% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 8,040 shares of company stock valued at $1,498,615. Insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. TD Cowen reduced their price objective on Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. UBS Group decreased their price objective on Capital One Financial from $283.00 to $270.00 in a report on Wednesday, May 6th. Rothschild & Co Redburn lowered their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Royal Bank Of Canada dropped their target price on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a report on Friday, April 10th. Finally, Jefferies Financial Group restated a “buy” rating and set a $300.00 price target on shares of Capital One Financial in a research report on Monday, March 16th. Seventeen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price of $258.75.

Capital One Financial Trading Up 0.2%

Shares of COF opened at $201.94 on Friday. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $190.70 and its 200-day moving average price is $206.82. The firm has a market capitalization of $125.66 billion, a price-to-earnings ratio of 70.86, a PEG ratio of 0.73 and a beta of 1.03.

Capital One Financial (NYSE:COF) last issued 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 firm had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.Capital One Financial’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same period in the previous year, the company earned $4.06 earnings per share. Sell-side analysts anticipate that Capital One Financial Corporation will post 19.51 EPS for the current year.

Capital One Financial Dividend Announcement

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

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.