Redwood Investment Management LLC Makes New Investment in Capital One Financial Corporation $COF

Redwood Investment Management LLC bought a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, HoldingsChannel.com reports. The firm bought 5,954 shares of the financial services provider’s stock, valued at approximately $1,194,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Evolution Wealth Management Inc. grew its holdings in shares of 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 acquiring an additional 90 shares during the period. Solstein Capital LLC bought a new position in Capital One Financial in the second quarter valued at about $26,000. VSM Wealth Advisory LLC purchased a new position in Capital One Financial in the fourth quarter worth about $27,000. Cherry Tree Wealth Management LLC boosted its position in Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 105 shares during the last quarter. Finally, Ballast Advisors LLC bought a new stake in shares of Capital One Financial during the 1st quarter valued at about $27,000. 89.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on COF shares. UBS Group upped their price target on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. TD Cowen dropped their price objective on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Citigroup decreased their price target on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Finally, Rothschild & Co Redburn cut their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $258.91.

Insider Transactions at Capital One Financial

In related news, insider Lia Dean sold 2,193 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the sale, the insider owned 63,261 shares in the company, valued at approximately $14,266,620.72. This represents a 3.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the sale, the chief accounting officer owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 26,267 shares of company stock worth $5,617,648. 0.78% of the stock is currently owned by corporate insiders.

Capital One Financial Stock Up 0.6%

Shares of NYSE:COF opened at $217.55 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company has a 50-day moving average price of $209.74 and a 200 day moving average price of $197.92. The company has a market cap of $133.46 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.79 and a beta of 1.02.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same period in the previous year, the firm posted $5.48 earnings per share. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, equities research analysts predict that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a $0.80 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s payout ratio is 19.80%.

Capital One Financial 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.