State of Wyoming Takes $786,000 Position in Capital One Financial Corporation $COF

State of Wyoming acquired a new position in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,918 shares of the financial services provider’s stock, valued at approximately $786,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in COF. Evolution Wealth Management Inc. increased its holdings in Capital One Financial by 529.4% during 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 during the last quarter. VSM Wealth Advisory LLC bought a new position in Capital One Financial in the fourth quarter worth approximately $27,000. Cherry Tree Wealth Management LLC boosted its stake in shares of Capital One Financial by 1,312.5% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 105 shares during the last quarter. Ballast Advisors LLC bought a new stake in shares of Capital One Financial during the 1st quarter valued at $27,000. Finally, Strive Asset Management LLC bought a new stake in shares of Capital One Financial during the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $227.19 on Monday. The firm has a fifty day moving average price of $204.93 and a 200-day moving average price of $198.05. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $139.37 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.48 EPS. Equities analysts anticipate that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

Insiders Place Their Bets

In other news, 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 transaction, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. The trade was a 26.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the transaction, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,186 shares of company stock valued at $4,697,301 in the last ninety days. Insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on COF. Argus reduced their price objective on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Rothschild & Co Redburn lowered their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Truist Financial cut their price target on 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 upgraded Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Piper Sandler began coverage on Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 price objective on the stock. Twenty-one research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.36.

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.