PCJ Investment Counsel Ltd. Raises Holdings in Capital One Financial Corporation $COF

PCJ Investment Counsel Ltd. raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 12.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,550 shares of the financial services provider’s stock after purchasing an additional 5,150 shares during the quarter. Capital One Financial accounts for approximately 2.7% of PCJ Investment Counsel Ltd.’s portfolio, making the stock its 8th largest position. PCJ Investment Counsel Ltd.’s holdings in Capital One Financial were worth $9,683,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Howard Hughes Medical Institute bought a new position in shares of Capital One Financial in the second quarter valued at $29,000. WFA of San Diego LLC bought a new stake in shares of Capital One Financial during the second quarter worth about $32,000. Crowley Wealth Management Inc. bought a new stake in shares of Capital One Financial during the third quarter worth about $33,000. Wolff Wiese Magana LLC raised its holdings in shares of Capital One Financial by 41.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 57 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its position in Capital One Financial by 86.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on COF. TD Cowen reiterated a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $300.00 price objective on shares of Capital One Financial in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods raised their target price on Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. Truist Financial cut 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 Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $274.70.

Capital One Financial Trading Down 0.4%

Shares of COF stock opened at $184.93 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $115.01 billion, a price-to-earnings ratio of 62.47, a PEG ratio of 0.56 and a beta of 1.14. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64. The company has a 50-day simple moving average of $219.49 and a two-hundred day simple moving average of $221.76.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same quarter in the prior year, the firm posted $2.67 EPS. The company’s revenue for the quarter was up 53.3% compared to the same quarter last year. Research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

Insiders Place Their Bets

In other news, insider Jason P. Hanson sold 3,729 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total transaction of $764,445.00. Following the completion of the sale, the insider directly owned 40,230 shares of the company’s stock, valued at $8,247,150. This trade represents a 8.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lia Dean sold 3,284 shares of Capital One Financial stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total value of $734,565.12. Following the sale, the insider owned 70,162 shares in the company, valued at $15,693,836.16. The trade was a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 67,933 shares of company stock valued at $14,363,897. 1.26% of the stock is currently owned by insiders.

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.