Evolve Private Wealth LLC Invests $10.58 Million in Capital One Financial Corporation $COF

Evolve Private Wealth LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 43,646 shares of the financial services provider’s stock, valued at approximately $10,578,000. Capital One Financial comprises 0.6% of Evolve Private Wealth LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other large investors also recently modified their holdings of the stock. Empyrean Capital Partners LP increased its stake in shares of Capital One Financial by 44.2% during the 4th quarter. Empyrean Capital Partners LP now owns 444,000 shares of the financial services provider’s stock worth $107,608,000 after purchasing an additional 136,000 shares during the last quarter. Capitolis Liquid Global Markets LLC increased its stake in shares of Capital One Financial by 8.3% during the 4th quarter. Capitolis Liquid Global Markets LLC now owns 155,000 shares of the financial services provider’s stock worth $37,566,000 after purchasing an additional 11,900 shares during the last quarter. Cinctive Capital Management LP increased its stake in shares of Capital One Financial by 10.0% during the 4th quarter. Cinctive Capital Management LP now owns 64,491 shares of the financial services provider’s stock worth $15,630,000 after purchasing an additional 5,857 shares during the last quarter. Claro Advisors Inc. purchased a new stake in shares of Capital One Financial during the 4th quarter worth approximately $261,000. Finally, Concentric Capital Strategies LP purchased a new stake in shares of Capital One Financial during the 4th quarter worth approximately $3,969,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.0%

Capital One Financial stock opened at $200.69 on Thursday. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The firm has a market capitalization of $124.89 billion, a price-to-earnings ratio of 70.42, a P/E/G ratio of 0.72 and a beta of 1.03. 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 has a 50 day simple moving average of $190.09 and a 200 day simple moving average of $206.97.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The firm had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. During the same period in the previous year, the business earned $4.06 earnings per share. The firm’s revenue for the quarter was up 52.3% on a year-over-year basis. On average, analysts predict that Capital One Financial Corporation will post 19.51 earnings per share for the current year.

Capital One Financial Dividend Announcement

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

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 1,692 shares of the firm’s 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 completion of the transaction, the insider directly owned 65,454 shares of the company’s stock, valued at $12,148,916.94. This trade represents a 2.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly owned 61,579 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 8,040 shares of company stock valued at $1,498,615 in the last three months. Company insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on COF shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research note on Friday, March 27th. TD Cowen reduced their price objective on shares of Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, BTIG Research reiterated a “buy” rating and issued a $224.00 price objective on shares of Capital One Financial in a research note on Wednesday, April 22nd. Seventeen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $258.75.

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.