Galaxy Digital Capital Management GP LLC Makes New Investment in Capital One Financial Corporation $COF

Galaxy Digital Capital Management GP LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 24,400 shares of the financial services provider’s stock, valued at approximately $4,895,000. Capital One Financial accounts for about 2.4% of Galaxy Digital Capital Management GP LLC’s investment portfolio, making the stock its 7th largest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in COF. Evolution Wealth Management Inc. raised its position in shares of Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after buying an additional 90 shares in the last quarter. Solstein Capital LLC bought a new stake in shares of Capital One Financial in the second quarter valued at approximately $26,000. VSM Wealth Advisory LLC bought a new stake in shares of Capital One Financial in the fourth quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC grew its position in Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after buying an additional 105 shares in the last quarter. Finally, Ballast Advisors LLC acquired a new stake in Capital One Financial during the first quarter worth approximately $27,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE COF opened at $216.29 on Wednesday. The firm’s fifty day moving average price is $209.40 and its two-hundred day moving average price is $197.91. The stock has a market cap of $132.69 billion, a PE ratio of 13.38, a PEG ratio of 0.79 and a beta of 1.02. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same period in the prior year, the company earned $5.48 EPS. Capital One Financial’s revenue was up 26.9% compared to the same quarter last year. On average, equities analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio is presently 19.80%.

Insiders Place Their Bets

In other news, CAO Timothy P. Golden sold 3,487 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total transaction of $735,757.00. Following the sale, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. The trade was a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ravi Raghu sold 9,726 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the sale, the insider owned 26,328 shares in the company, valued at approximately $5,523,087.84. This trade represents a 26.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 26,267 shares of company stock worth $5,617,648. Company insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the subject of several analyst reports. Citigroup dropped their price objective on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a report on Thursday, August 20th. Piper Sandler initiated coverage on Capital One Financial in a research report on Monday, June 29th. They issued an “overweight” rating and a $254.00 price target on the stock. TD Cowen cut their price objective on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price of $258.91.

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.