Capital One Financial Corporation $COF Shares Newly Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 28,871 shares of the financial services provider’s stock, valued at approximately $5,574,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Network Wealth Advisors LLC lifted its stake in shares of Capital One Financial by 27.1% during the third quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the financial services provider’s stock valued at $49,000 after buying an additional 54 shares during the period. Aviance Capital Partners LLC grew its stake in Capital One Financial by 0.5% in the 3rd quarter. Aviance Capital Partners LLC now owns 12,414 shares of the financial services provider’s stock worth $2,397,000 after acquiring an additional 57 shares during the period. Revolve Wealth Partners LLC grew its stake in Capital One Financial by 3.1% in the 2nd quarter. Revolve Wealth Partners LLC now owns 2,014 shares of the financial services provider’s stock worth $404,000 after acquiring an additional 60 shares during the period. North Dakota State Investment Board raised its holdings in Capital One Financial by 0.3% in the 2nd quarter. North Dakota State Investment Board now owns 18,272 shares of the financial services provider’s stock valued at $3,666,000 after acquiring an additional 62 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in Capital One Financial by 0.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 24,254 shares of the financial services provider’s stock valued at $4,868,000 after acquiring an additional 64 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In other news, insider Celia Karam sold 2,017 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $206.07, for a total transaction of $415,643.19. Following the completion of the sale, the insider directly owned 57,696 shares in the company, valued at $11,889,414.72. This represents a 3.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the sale, the insider owned 63,261 shares of the company’s stock, valued at approximately $14,266,620.72. The trade was a 3.35% 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. Insiders have sold 200,464 shares of company stock worth $40,942,597 in the last 90 days. Company insiders own 0.78% of the company’s stock.

Capital One Financial Price Performance

COF opened at $202.03 on Monday. The company’s 50 day simple moving average is $203.60 and its 200 day simple moving average is $200.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The stock has a market capitalization of $121.53 billion, a PE ratio of 11.93, a P/E/G ratio of 0.92 and a beta of 1.10.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.53 by $1.16. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The firm had revenue of $16.31 billion during the quarter, compared to the consensus estimate of $16.25 billion. During the same period in the previous year, the firm earned $5.95 earnings per share. Capital One Financial’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts expect that Capital One Financial Corporation will post 21.53 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, November 16th. Capital One Financial’s dividend payout ratio (DPR) is 18.89%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on COF. Evercore reissued an “outperform” rating and set a $230.00 price target on shares of Capital One Financial in a research note on Tuesday, October 27th. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Morgan Stanley lowered their price objective on Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. BMO Capital Markets upped their target price on Capital One Financial from $219.00 to $225.00 and gave the company a “market perform” rating in a research note on Wednesday, October 21st. Finally, Citigroup increased their target price on Capital One Financial from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Twenty research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $256.50.

Capital One Financial Profile