First Financial Bankshares Inc Increases Stock Position in Capital One Financial Corporation $COF

First Financial Bankshares Inc boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 544.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,790 shares of the financial services provider’s stock after acquiring an additional 6,581 shares during the period. First Financial Bankshares Inc’s holdings in Capital One Financial were worth $1,656,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Earned Wealth Advisors LLC purchased a new position in Capital One Financial during the second quarter valued at $254,000. Cortland Associates Inc. MO acquired a new position in shares of Capital One Financial during the 3rd quarter worth about $14,391,000. CIBC Asset Management Inc lifted its stake in Capital One Financial by 53.9% in the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock valued at $18,830,000 after buying an additional 30,991 shares in the last quarter. Meridian Wealth Management LLC boosted its holdings in Capital One Financial by 334.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock worth $1,999,000 after buying an additional 7,241 shares during the last quarter. Finally, Montecito Bank & Trust acquired a new stake in Capital One Financial in the 3rd quarter worth about $647,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 8.5%

Shares of COF opened at $190.69 on Tuesday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $230.60 and a two-hundred day simple moving average of $223.34. The company has a market capitalization of $118.60 billion, a PE ratio of 64.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.14.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same quarter in the previous year, the business posted $2.67 earnings per share. Capital One Financial’s quarterly revenue was up 53.3% on a year-over-year basis. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio is 108.11%.

Analysts Set New Price Targets

A number of equities analysts have commented on COF shares. Truist Financial reduced their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. TD Cowen reiterated a “buy” rating on shares of Capital One Financial in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $274.70.

Insider Activity

In related news, insider Ravi Raghu sold 13,450 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $250.00, for a total value of $3,362,500.00. Following the completion of the transaction, the insider directly owned 30,337 shares in the company, valued at approximately $7,584,250. This represents a 30.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total value of $500,000.00. Following the sale, the general counsel directly owned 92,486 shares of the company’s stock, valued at approximately $23,121,500. This trade represents a 2.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 34,274 shares of company stock worth $8,131,054 over the last quarter. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Profile

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.