FSA Advisors Inc. Takes $5.77 Million Position in Capital One Financial Corporation $COF

FSA Advisors Inc. bought a new stake in Capital One Financial Corporation (NYSE:COF) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 23,791 shares of the financial services provider’s stock, valued at approximately $5,766,000. Capital One Financial accounts for about 1.0% of FSA Advisors Inc.’s investment portfolio, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cortland Associates Inc. MO acquired a new position in Capital One Financial in the 3rd quarter valued at about $14,391,000. Meridian Wealth Management LLC grew 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 valued at $1,999,000 after buying an additional 7,241 shares during the last quarter. National Pension Service grew 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 valued at $330,081,000 after buying an additional 59,100 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Capital One Financial by 58.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 36,685 shares of the financial services provider’s stock valued at $7,798,000 after buying an additional 13,539 shares during the last quarter. Finally, Jones Financial Companies Lllp grew 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 valued at $28,861,000 after buying an additional 19,059 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $191.87 on Monday. The company’s 50 day moving average price is $190.44 and its two-hundred day moving average price is $213.44. Capital One Financial Corporation has a 12-month low of $174.98 and a 12-month high of $259.64. The firm has a market cap of $119.33 billion, a PE ratio of 67.32, a PEG ratio of 0.70 and a beta of 1.05. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. During the same quarter in the previous year, the company earned $4.06 EPS. The business’s revenue for the quarter was up 52.3% on a year-over-year basis. Equities research analysts predict that Capital One Financial Corporation will post 19.17 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, February 19th. Capital One Financial’s dividend payout ratio is presently 112.28%.

Analyst Ratings Changes

A number of brokerages recently commented on COF. Morgan Stanley decreased their price target on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Royal Bank Of Canada decreased their price target on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research note on Friday, April 10th. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Argus decreased their target price on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research report on Friday, March 27th. Eighteen investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $258.14.

Insider Activity

In related news, insider Neal Blinde sold 38,135 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were 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. This trade represents a 53.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lia Dean sold 1,692 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total transaction of $314,052.12. Following the sale, the insider owned 65,454 shares in the company, valued at $12,148,916.94. This represents a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 47,939 shares of company stock worth $9,282,146. Insiders own 0.78% of the company’s stock.

Capital One Financial 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.