IPG Investment Advisors LLC Acquires New Position in Capital One Financial Corporation $COF

IPG Investment Advisors LLC acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,383 shares of the financial services provider’s stock, valued at approximately $1,547,000.

A number of other hedge funds also recently made changes to their positions in the stock. Meridian Wealth Management LLC boosted its stake 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 purchasing an additional 7,241 shares during the period. National Pension Service boosted its stake in Capital One Financial by 4.0% in the 3rd quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock worth $330,081,000 after purchasing an additional 59,100 shares during the period. Jones Financial Companies Lllp boosted its stake in Capital One Financial by 17.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 129,013 shares of the financial services provider’s stock worth $28,861,000 after purchasing an additional 19,059 shares during the period. Victory Capital Management Inc. boosted its stake in Capital One Financial by 16.6% in the 3rd quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock worth $80,451,000 after purchasing an additional 53,961 shares during the period. Finally, Atlantic Union Bankshares Corp boosted its stake in Capital One Financial by 11.4% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 97,437 shares of the financial services provider’s stock worth $20,713,000 after purchasing an additional 9,976 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COF. Rothschild & Co Redburn dropped their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. TD Cowen lowered their target price on Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Truist Financial lowered their target price on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. BTIG Research reiterated a “buy” rating and set a $224.00 target price on shares of Capital One Financial in a research report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Seventeen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $258.75.

Insider Buying and Selling

In related news, insider Lia Dean sold 1,692 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the completion of the sale, the insider directly owned 65,454 shares in the company, valued at $12,148,916.94. This trade represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the sale, the general counsel owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. This represents a 3.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,040 shares of company stock worth $1,498,615 over the last three months. 0.78% of the stock is owned by insiders.

Capital One Financial Stock Up 1.4%

NYSE COF opened at $189.03 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $117.63 billion, a P/E ratio of 66.33, a P/E/G ratio of 0.68 and a beta of 1.05. Capital One Financial Corporation has a one year low of $174.98 and a one year high of $259.64. The stock has a 50 day moving average price of $188.87 and a 200-day moving average price of $209.73.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The firm had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The firm’s revenue was up 52.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.06 earnings per share. As a group, equities analysts predict that Capital One Financial Corporation will post 19.14 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be given a $0.80 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is currently 112.28%.

Capital One Financial Company 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.