CIBC Asset Management Inc Increases Stock Position in Capital One Financial Corporation $COF

CIBC Asset Management Inc boosted its stake in Capital One Financial Corporation (NYSE:COF) by 107.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,310 shares of the financial services provider’s stock after purchasing an additional 95,564 shares during the quarter. CIBC Asset Management Inc’s holdings in Capital One Financial were worth $44,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new stake in Capital One Financial in the fourth quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC raised its stake 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 valued at $27,000 after purchasing an additional 105 shares in the last quarter. Olistico Wealth LLC purchased a new stake in Capital One Financial in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. raised its stake in Capital One Financial by 550.0% in the fourth quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 110 shares in the last quarter. Finally, Strive Asset Management LLC purchased a new stake in Capital One Financial in the third quarter valued at approximately $28,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on COF shares. Rothschild & Co Redburn decreased their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. Wells Fargo & Company cut their target price on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Evercore cut their target price on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a report on Monday, March 16th. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $258.75.

Insider Activity at Capital One Financial

In related news, insider Lia Dean sold 1,692 shares of Capital One Financial stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total value of $314,052.12. Following the sale, the insider owned 65,454 shares in the company, valued at $12,148,916.94. The trade was a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the sale, the general counsel owned 97,194 shares in the company, valued at approximately $17,876,892.42. This trade represents a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,040 shares of company stock worth $1,498,615 over the last quarter. Corporate insiders own 0.78% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $177.75 on Thursday. The stock has a market cap of $110.61 billion, a P/E ratio of 62.37, a price-to-earnings-growth ratio of 0.67 and a beta of 1.03. The firm’s fifty day simple moving average is $189.14 and its 200 day simple moving average is $208.49. Capital One Financial Corporation has a twelve month low of $174.98 and a twelve month high of $259.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last released 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 company had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business’s revenue was up 52.3% on a year-over-year basis. During the same quarter last year, the firm earned $4.06 EPS. As a group, research analysts predict that Capital One Financial Corporation will post 19.13 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were issued a $0.80 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.8%. Capital One Financial’s payout ratio is 112.28%.

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.