Hohimer Wealth Management LLC Boosts Stake in Capital One Financial Co. (NYSE:COF)

Hohimer Wealth Management LLC lifted its position in shares of Capital One Financial Co. (NYSE:COF) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,852 shares of the financial services provider’s stock after acquiring an additional 456 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Capital One Financial were worth $3,259,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Capital One Financial by 33.9% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 9,257 shares of the financial services provider’s stock valued at $1,214,000 after acquiring an additional 2,345 shares during the last quarter. Pzena Investment Management LLC increased its holdings in Capital One Financial by 1.6% in the 4th quarter. Pzena Investment Management LLC now owns 7,751,043 shares of the financial services provider’s stock valued at $1,016,317,000 after purchasing an additional 124,055 shares during the last quarter. Seven Mile Advisory purchased a new position in Capital One Financial in the 4th quarter valued at approximately $202,000. Worth Venture Partners LLC boosted its position in Capital One Financial by 17.3% in the 4th quarter. Worth Venture Partners LLC now owns 20,723 shares of the financial services provider’s stock valued at $2,717,000 after buying an additional 3,062 shares during the period. Finally, Western Pacific Wealth Management LP boosted its position in Capital One Financial by 15.2% in the 4th quarter. Western Pacific Wealth Management LP now owns 2,465 shares of the financial services provider’s stock valued at $323,000 after buying an additional 325 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COF has been the subject of several recent research reports. Piper Sandler raised their price target on shares of Capital One Financial from $126.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Citigroup lifted their price objective on shares of Capital One Financial from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. UBS Group boosted their price target on shares of Capital One Financial from $132.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Finally, Wolfe Research upgraded shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target on the stock in a research note on Thursday, April 4th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $138.50.

Insider Buying and Selling

In related news, insider Timothy P. Golden sold 8,656 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the completion of the transaction, the insider now owns 10,246 shares of the company’s stock, valued at $1,475,833.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Celia Karam sold 16,913 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the completion of the sale, the insider now directly owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Timothy P. Golden sold 8,656 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the sale, the insider now directly owns 10,246 shares of the company’s stock, valued at $1,475,833.84. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Capital One Financial Price Performance

Shares of NYSE COF traded down $2.03 on Thursday, hitting $137.40. The company’s stock had a trading volume of 1,418,268 shares, compared to its average volume of 2,542,572. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $149.94. The company has a market capitalization of $52.24 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a 50 day moving average of $142.37 and a 200-day moving average of $131.95.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.25 by ($0.04). The firm had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.31 EPS. As a group, research analysts predict that Capital One Financial Co. will post 13.45 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, May 10th. Capital One Financial’s dividend payout ratio (DPR) is 18.79%.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.