Thrivent Financial for Lutherans Acquires 5,678 Shares of Capital One Financial Corporation $COF

Thrivent Financial for Lutherans lifted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,027,642 shares of the financial services provider’s stock after acquiring an additional 5,678 shares during the period. Thrivent Financial for Lutherans’ holdings in Capital One Financial were worth $249,070,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in COF. Pinnacle Associates Ltd. increased its stake in Capital One Financial by 6.8% in the 4th quarter. Pinnacle Associates Ltd. now owns 49,256 shares of the financial services provider’s stock valued at $11,938,000 after buying an additional 3,141 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in Capital One Financial by 42.8% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,440 shares of the financial services provider’s stock valued at $1,076,000 after buying an additional 1,331 shares during the last quarter. Financial Strategies Group Inc. increased its stake in Capital One Financial by 1.7% in the 4th quarter. Financial Strategies Group Inc. now owns 44,203 shares of the financial services provider’s stock valued at $11,402,000 after buying an additional 729 shares during the last quarter. Allworth Financial LP increased its stake in Capital One Financial by 22.9% in the 4th quarter. Allworth Financial LP now owns 18,606 shares of the financial services provider’s stock valued at $4,509,000 after buying an additional 3,468 shares during the last quarter. Finally, Cardinal Point Capital Management ULC purchased a new stake in Capital One Financial in the 4th quarter valued at about $228,000. 89.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. HSBC decreased their price objective on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a research note on Friday, March 27th. JPMorgan Chase & Co. increased 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. Rothschild & Co Redburn decreased 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 note on Wednesday, April 29th. Finally, TD Cowen decreased 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. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $257.52.

Capital One Financial Stock Up 2.2%

Capital One Financial stock opened at $185.62 on Friday. Capital One Financial Corporation has a twelve month low of $174.98 and a twelve month high of $259.64. The firm has a 50 day moving average price of $188.58 and a 200-day moving average price of $211.84. The company has a market capitalization of $115.51 billion, a P/E ratio of 65.13, a P/E/G ratio of 0.66 and a beta of 1.05. 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 earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same period in the prior year, the company earned $4.06 earnings per share. The firm’s revenue was up 52.3% on a year-over-year basis. As a group, equities analysts predict that Capital One Financial Corporation will post 19.17 EPS for the current year.

Capital One Financial Announces Dividend

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

Key Headlines Impacting Capital One Financial

Here are the key news stories impacting Capital One Financial this week:

• Positive Sentiment: Capital One announced a new $175 million senior credit facility for Centra Funding, a sign the bank is still active in lending and supporting business growth. Centra Funding Closes New $175 Million Credit Facility With Capital One
• Positive Sentiment: Some recent coverage has taken a bullish view on COF, citing an attractive forward valuation versus its trailing earnings multiple and suggesting the stock may still have room to run. Is Capital One Financial Corporation (COF) A Good Stock To Buy Now?
• Neutral Sentiment: Capital One filed a trademark-infringement lawsuit against suspected impersonation scammers, which could help protect the brand but is unlikely to move earnings immediately. Capital One Sues Impersonation Scammers for Trademark Infringement
• Neutral Sentiment: The company’s general counsel sold 3,500 shares under a pre-arranged 10b5-1 plan. While insider sales can draw attention, the automatic trading plan makes it less likely to signal a change in outlook. Matthew W. Cooper sale disclosure
• Negative Sentiment: A Yahoo Finance piece questioned buying COF ahead of its ex-dividend date, reflecting some investor caution around the near-term dividend setup. Here’s Why We’re Wary Of Buying Capital One Financial’s (NYSE:COF) For Its Upcoming Dividend

Insider Activity

In other news, insider Neal Blinde sold 38,135 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the completion of the transaction, the insider directly owned 33,551 shares of the company’s stock, valued at $6,391,801.01. This represents a 53.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction that occurred 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 transaction, the general counsel directly owned 97,194 shares of the company’s stock, valued at $17,876,892.42. This represents a 3.48% 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 49,904 shares of company stock worth $9,528,159. 0.78% of the stock is owned by insiders.

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.