Capital One Financial Corporation $COF Shares Bought by NewEdge Wealth LLC

NewEdge Wealth LLC raised its position in Capital One Financial Corporation (NYSE:COF) by 83.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,162 shares of the financial services provider’s stock after purchasing an additional 5,069 shares during the period. NewEdge Wealth LLC’s holdings in Capital One Financial were worth $2,705,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. RB Capital Management LLC lifted its position in shares of Capital One Financial by 61.6% in the fourth quarter. RB Capital Management LLC now owns 1,841 shares of the financial services provider’s stock valued at $446,000 after acquiring an additional 702 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in shares of Capital One Financial by 1.2% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 84,711 shares of the financial services provider’s stock valued at $20,531,000 after acquiring an additional 1,018 shares in the last quarter. Legacy Wealth Managment LLC ID lifted its position in shares of Capital One Financial by 59.9% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 227 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 85 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Capital One Financial by 5.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 35,834 shares of the financial services provider’s stock valued at $8,685,000 after acquiring an additional 1,874 shares in the last quarter. Finally, Ethic Inc. lifted its position in shares of Capital One Financial by 4.4% in the fourth quarter. Ethic Inc. now owns 85,867 shares of the financial services provider’s stock valued at $20,811,000 after acquiring an additional 3,602 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COF has been the topic of several recent research reports. Truist Financial reduced their price objective on Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. BTIG Research restated a “buy” rating and issued a $224.00 price objective on shares of Capital One Financial in a research report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research report on Friday, March 27th. Barclays upped their price objective on Capital One Financial from $226.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Finally, UBS Group reduced their target price on Capital One Financial from $283.00 to $270.00 in a research report on Wednesday, May 6th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $257.52.

Capital One Financial Stock Performance

NYSE COF opened at $184.01 on Wednesday. The business’s 50-day moving average price is $189.00 and its 200 day moving average price is $212.39. Capital One Financial Corporation has a twelve month low of $174.98 and a twelve month high of $259.64. The company has a market capitalization of $114.51 billion, a PE ratio of 64.56, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last released its 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). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.68 billion. During the same quarter last year, the company posted $4.06 earnings per share. The business’s quarterly revenue was up 52.3% compared to the same quarter last year. On average, research analysts predict that Capital One Financial Corporation will post 19.17 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be paid a dividend of $0.80 per share. The ex-dividend date is Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.7%. Capital One Financial’s dividend payout ratio is currently 112.28%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 1,692 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the sale, the insider directly owned 65,454 shares in the company, valued at $12,148,916.94. This represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jason P. Hanson sold 3,729 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the sale, the insider owned 40,230 shares of the company’s stock, valued at $8,247,150. This represents a 8.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 46,404 shares of company stock valued at $8,884,404. Insiders own 0.78% of the company’s stock.

Capital One Financial Company 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.