Victory Capital Management Inc. Acquires 53,961 Shares of Capital One Financial Corporation $COF

Victory Capital Management Inc. increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 16.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 378,450 shares of the financial services provider’s stock after buying an additional 53,961 shares during the period. Victory Capital Management Inc.’s holdings in Capital One Financial were worth $80,451,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cortland Associates Inc. MO bought a new position in shares of Capital One Financial during the 3rd quarter valued at about $14,391,000. CIBC Asset Management Inc raised its holdings in Capital One Financial by 53.9% during the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after buying an additional 30,991 shares during the period. Meridian Wealth Management LLC lifted its stake in Capital One Financial by 334.8% in the third quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock valued at $1,999,000 after buying an additional 7,241 shares in the last quarter. Montecito Bank & Trust acquired a new position in shares of Capital One Financial in the third quarter valued at approximately $647,000. Finally, National Pension Service increased its position in shares of Capital One Financial by 4.0% during the third quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock worth $330,081,000 after acquiring an additional 59,100 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Down 1.0%

Capital One Financial stock opened at $193.96 on Friday. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $259.64. The firm has a market capitalization of $120.63 billion, a PE ratio of 65.53, a P/E/G ratio of 0.59 and a beta of 1.14. The company’s 50-day moving average is $223.12 and its 200-day moving average is $222.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share 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%. The company’s quarterly revenue was up 53.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.67 earnings per share. Sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s dividend payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

Several research firms recently commented on COF. Citigroup boosted their price objective on shares of Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. BTIG Research dropped their price target on Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Evercore reduced their price objective on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, January 27th. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Jefferies Financial Group boosted their target price on Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $274.70.

Insider Activity at Capital One Financial

In other news, insider Jason P. Hanson sold 3,729 shares of Capital One Financial stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the sale, the insider directly owned 40,230 shares in the company, valued at approximately $8,247,150. The trade was a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 transaction, the general counsel owned 92,486 shares in the company, valued at approximately $23,121,500. This trade represents a 2.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety 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.