Prana Capital Management LP Grows Position in Capital One Financial Corporation $COF

Prana Capital Management LP raised its position in shares of Capital One Financial Corporation (NYSE:COF) by 965.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,565 shares of the financial services provider’s stock after buying an additional 24,978 shares during the period. Prana Capital Management LP’s holdings in Capital One Financial were worth $5,860,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Mather Group LLC. boosted its holdings in shares of Capital One Financial by 1.0% during the third quarter. Mather Group LLC. now owns 4,540 shares of the financial services provider’s stock worth $965,000 after purchasing an additional 47 shares during the period. Nicolet Advisory Services LLC increased its holdings in Capital One Financial by 0.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 7,047 shares of the financial services provider’s stock valued at $1,506,000 after purchasing an additional 48 shares during the period. Optas LLC raised its position in Capital One Financial by 1.4% during the 3rd quarter. Optas LLC now owns 3,484 shares of the financial services provider’s stock valued at $741,000 after purchasing an additional 49 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in Capital One Financial by 1.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 4,450 shares of the financial services provider’s stock valued at $946,000 after purchasing an additional 49 shares during the last quarter. Finally, Bridges Investment Management Inc. lifted its holdings in Capital One Financial by 0.4% in the 3rd quarter. Bridges Investment Management Inc. now owns 11,251 shares of the financial services provider’s stock worth $2,392,000 after buying an additional 49 shares during the period. Institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In related news, insider Lia Dean sold 3,284 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total value of $734,565.12. Following the completion of the transaction, the insider directly owned 70,162 shares in the company, valued at $15,693,836.16. This trade represents a 4.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Neal Blinde sold 38,135 shares of Capital One Financial stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the transaction, the insider directly owned 33,551 shares of the company’s stock, valued at approximately $6,391,801.01. This trade represents a 53.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 67,933 shares of company stock worth $14,363,897. 1.26% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research note on Monday, December 29th. TD Cowen reaffirmed a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Barclays reduced their price objective on shares of Capital One Financial from $294.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Finally, Zacks Research cut shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $275.95.

Capital One Financial Stock Up 1.4%

Shares of NYSE:COF opened at $183.36 on Wednesday. The firm has a market capitalization of $114.04 billion, a P/E ratio of 61.95, a P/E/G ratio of 0.54 and a beta of 1.14. 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 stock has a 50 day moving average price of $212.72 and a 200-day moving average price of $220.19. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). The firm had revenue of $15.62 billion for the quarter, compared to the consensus estimate of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company’s revenue for the quarter was up 53.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.67 earnings per share. As a group, equities 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 announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were given a $0.80 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio is currently 108.11%.

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.