Park Edge Advisors LLC Takes $1.52 Million Position in Capital One Financial Corporation $COF

Park Edge Advisors LLC acquired a new stake in Capital One Financial Corporation (NYSE:COF) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 6,274 shares of the financial services provider’s stock, valued at approximately $1,521,000.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Capital One Financial by 63.4% in the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after purchasing an additional 10,776,843 shares in the last quarter. Amundi boosted its stake in shares of Capital One Financial by 321.6% during the second quarter. Amundi now owns 3,108,512 shares of the financial services provider’s stock valued at $680,174,000 after purchasing an additional 2,371,214 shares in the last quarter. Capital International Investors increased its holdings in Capital One Financial by 107.9% during the third quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock valued at $859,602,000 after buying an additional 2,097,208 shares during the period. Canada Pension Plan Investment Board increased its holdings in Capital One Financial by 619.6% during the second quarter. Canada Pension Plan Investment Board now owns 2,325,208 shares of the financial services provider’s stock valued at $494,711,000 after buying an additional 2,002,093 shares during the period. Finally, Viking Global Investors LP raised its stake in Capital One Financial by 30.3% in the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after buying an additional 1,717,148 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on COF shares. Evercore lowered their target price on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, January 27th. The Goldman Sachs Group restated a “buy” rating and set a $300.00 price objective on shares of Capital One Financial in a research note on Tuesday, January 6th. Truist Financial dropped their price objective 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. Morgan Stanley lifted their target price on Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Wells Fargo & Company boosted their target price on shares of Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $274.45.

Insiders Place Their Bets

In other news, insider Neal Blinde sold 38,135 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the sale, the insider owned 33,551 shares in the company, valued at approximately $6,391,801.01. The trade was a 53.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total transaction 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. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 62,706 shares of company stock valued at $13,086,680. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Price Performance

NYSE COF opened at $181.98 on Friday. The firm’s fifty day simple moving average is $198.96 and its two-hundred day simple moving average is $216.75. The firm has a market capitalization of $113.18 billion, a P/E ratio of 61.48, a P/E/G ratio of 0.56 and a beta of 1.14. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data 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 net margin of 3.54% and a return on equity of 10.68%. The business had revenue of $15.62 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter in the prior year, the company posted $2.67 EPS. The business’s revenue for the quarter was up 53.3% on a year-over-year basis. Analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were paid a $0.80 dividend. The ex-dividend date was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. Capital One Financial’s dividend payout ratio (DPR) is 108.11%.

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.