Capital One Financial Corporation $COF Shares Purchased by Horizon Investment Services LLC

Horizon Investment Services LLC raised its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 189.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,820 shares of the financial services provider’s stock after purchasing an additional 7,085 shares during the quarter. Horizon Investment Services LLC’s holdings in Capital One Financial were worth $2,622,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of COF. Norges Bank acquired a new stake in Capital One Financial during the 4th quarter valued at approximately $2,089,803,000. Capital International Investors grew its stake in Capital One Financial by 107.9% during the 3rd quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock valued at $859,602,000 after purchasing an additional 2,097,208 shares in the last quarter. Viking Global Investors LP grew its stake in Capital One Financial by 30.3% during the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after purchasing an additional 1,717,148 shares in the last quarter. Bessemer Group Inc. grew its stake in Capital One Financial by 7,143.2% during the 4th quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after purchasing an additional 1,428,133 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Capital One Financial by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock valued at $2,516,587,000 after purchasing an additional 1,339,215 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

In related news, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the transaction, the insider owned 61,579 shares in the company, valued at $11,858,883.82. The trade was a 2.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total value of $643,755.00. Following the transaction, the general counsel owned 97,194 shares of the company’s stock, valued at $17,876,892.42. This represents a 3.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,040 shares of company stock worth $1,498,615 in the last 90 days. 0.78% of the stock is currently owned by company insiders.

Analyst Ratings Changes

COF has been the subject of a number of recent analyst reports. Truist Financial lowered their price objective on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $213.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. UBS Group decreased their target price on Capital One Financial from $283.00 to $270.00 in a research report on Wednesday, May 6th. Jefferies Financial Group reiterated a “buy” rating and issued a $300.00 target price on shares of Capital One Financial in a research report on Monday, March 16th. Finally, Royal Bank Of Canada decreased their target price on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research report on Friday, April 10th. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $258.75.

Capital One Financial Price Performance

Shares of COF opened at $184.44 on Friday. The firm has a market cap of $114.78 billion, a price-to-earnings ratio of 64.72, a PEG ratio of 0.66 and a beta of 1.03. The stock has a 50 day moving average of $189.13 and a 200-day moving average of $207.36. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). The firm had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.Capital One Financial’s revenue was up 52.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.06 EPS. As a group, analysts forecast that Capital One Financial Corporation will post 19.51 EPS for the current year.

Capital One Financial Announces Dividend

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

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.