Hohimer Wealth Management LLC Raises Stake in Capital One Financial Co. (NYSE:COF)

Hohimer Wealth Management LLC lifted its stake in Capital One Financial Co. (NYSE:COF) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,927 shares of the financial services provider’s stock after purchasing an additional 56 shares during the period. Hohimer Wealth Management LLC’s holdings in Capital One Financial were worth $4,331,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in COF. FMR LLC raised its stake in shares of Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after acquiring an additional 1,169,395 shares in the last quarter. Eminence Capital LP purchased a new position in Capital One Financial during the 2nd quarter worth $127,465,000. Wellington Management Group LLP raised its position in Capital One Financial by 268.7% during the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after purchasing an additional 710,881 shares in the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Capital One Financial in the 3rd quarter worth $104,811,000. Finally, International Assets Investment Management LLC grew its position in shares of Capital One Financial by 123.4% during the 2nd quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock worth $107,016,000 after buying an additional 427,000 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This represents a 28.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This trade represents a 9.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,007 shares of company stock worth $4,982,647. 1.30% of the stock is currently owned by insiders.

Capital One Financial Stock Performance

COF opened at $183.87 on Wednesday. The firm’s 50-day moving average price is $171.11 and its 200-day moving average price is $151.48. The company has a market cap of $70.15 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial Co. has a 52-week low of $117.13 and a 52-week high of $198.30.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the prior year, the business posted $4.45 EPS. Capital One Financial’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities analysts anticipate that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.31%. Capital One Financial’s dividend payout ratio is currently 22.66%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Robert W. Baird lifted their price objective on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Royal Bank of Canada increased their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. The Goldman Sachs Group lifted their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods upped their target price on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Barclays lifted their price target on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $168.47.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.