Westwood Holdings Group Inc. Makes New $22.42 Million Investment in Capital One Financial Corporation $COF

Westwood Holdings Group Inc. purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 105,383 shares of the financial services provider’s stock, valued at approximately $22,421,000.

A number of other institutional investors have also made changes to their positions in COF. Earned Wealth Advisors LLC bought a new stake in shares of Capital One Financial during the 2nd quarter worth about $254,000. Plancorp LLC acquired a new stake in Capital One Financial during the second quarter worth approximately $272,000. CIBC Asset Management Inc boosted its holdings in shares of Capital One Financial by 53.9% during the second quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after acquiring an additional 30,991 shares during the period. Smith Chas P & Associates PA Cpas grew its position in shares of Capital One Financial by 1,490.0% in the second quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock valued at $9,252,000 after purchasing an additional 40,751 shares during the last quarter. Finally, Callodine Capital Management LP increased its stake in shares of Capital One Financial by 200.0% during the first quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock worth $26,895,000 after purchasing an additional 100,000 shares during the period. Institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COF. UBS Group reduced their price target on Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. BTIG Research reissued a “buy” rating and set a $264.00 target price on shares of Capital One Financial in a report on Wednesday, October 22nd. Robert W. Baird boosted their target price on shares of Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Citigroup raised their price target on shares of Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Wolfe Research initiated coverage on shares of Capital One Financial in a report on Monday, December 8th. They issued an “outperform” rating and a $270.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $262.70.

Capital One Financial Stock Down 0.7%

COF stock opened at $237.71 on Monday. The company has a market cap of $151.12 billion, a PE ratio of 100.30, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. The business has a 50-day simple moving average of $217.78 and a 200 day simple moving average of $215.25. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $243.31. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last released its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm had revenue of $15.46 billion for the quarter. Sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is 135.02%.

Insider Buying and Selling

In other news, CEO Richard D. Fairbank sold 103,487 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the completion of the transaction, the chief executive officer owned 4,001,228 shares of the company’s stock, valued at approximately $882,990,995.04. The trade was a 2.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lia Dean sold 3,269 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $218.15, for a total value of $713,132.35. Following the completion of the sale, the insider directly owned 69,855 shares in the company, valued at $15,238,868.25. This trade represents a 4.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 280,218 shares of company stock worth $62,395,804. 1.26% of the stock is owned by company insiders.

Capital One Financial Company Profile

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.