Knights of Columbus Asset Advisors LLC Raises Position in Capital One Financial Corporation $COF

Knights of Columbus Asset Advisors LLC grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 157.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,066 shares of the financial services provider’s stock after purchasing an additional 22,074 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Capital One Financial were worth $8,741,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in COF. VSM Wealth Advisory LLC purchased a new position in shares of Capital One Financial during the fourth quarter valued at approximately $27,000. Strive Asset Management LLC purchased a new position in shares of Capital One Financial during the third quarter valued at approximately $28,000. Olistico Wealth LLC purchased a new position in shares of Capital One Financial during the fourth quarter valued at approximately $30,000. WFA of San Diego LLC purchased a new position in shares of Capital One Financial during the second quarter valued at approximately $32,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Capital One Financial by 550.0% during 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 during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of NYSE COF opened at $186.37 on Wednesday. Capital One Financial Corporation has a twelve month low of $174.98 and a twelve month high of $259.64. The firm has a market cap of $115.98 billion, a P/E ratio of 65.39, a PEG ratio of 0.69 and a beta of 1.05. The company has a 50 day moving average of $188.70 and a 200 day moving average of $209.92. 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 announced its quarterly earnings data 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 return on equity of 10.59% and a net margin of 4.29%.The firm had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. During the same quarter in the previous year, the firm earned $4.06 earnings per share. Capital One Financial’s revenue was up 52.3% on a year-over-year basis. As a group, research analysts expect that Capital One Financial Corporation will post 19.17 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

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

Insiders Place Their Bets

In other Capital One Financial news, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the sale, the insider 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 that occurred on Tuesday, May 12th. The stock was 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 directly owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. This trade represents a 3.48% decrease in their position. 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. In the last quarter, insiders sold 8,040 shares of company stock valued at $1,498,615. Company insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the subject of several recent research reports. Wells Fargo & Company lowered their target price on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Rothschild & Co Redburn lowered their target price on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Truist Financial lowered their target price on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. Finally, The Goldman Sachs Group decreased their price objective on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Seventeen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $258.75.

About Capital One Financial

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.